Simplex is a leading provider of a fraudless payment processing solution to online merchants worldwide. It is currently focused on the cryptocurrency ecosystem, and serves exchanges, brokers and wallets, and is currently expanding its services to the e-commerce industry.
Simplex is providing global credit card processing solution with zero exposure to fraud for the seller, with volumes of close to $1B per year and working with some of the most known platforms in the world.
Simplex was founded in Jan 1, 2011 by Erez Shapira, Netanel Kabala & Nimrod Lehavi and is based in Givatayim, Gush Dan, Israel.
Simplex has raised a total funding of $9M in 4 funding rounds as of Mar 1, 2016 when the company secured a "Grant" funding of $600K.