SimplexCC Ltd. (Simplex)

www.simplex.com

Now Nuvei Israel

High-Tech Company

Acquired by Nuvei

TECH VERTICALS

Artificial Intelligence, Bitcoin, Blockchain, Cryptocurrency, Cyber Security, FinTech, Forex, Fraud Detection, Machine Learning, Online Trading Platform, Payments, PayTech, Security, Web Platform, Web3

General Data

Sector	Enterprise Software & Infrastructure
Company Stage:	Revenue Growth
Established	2014
Number of Employees	150
Employees in Israel	100
Reg. Number:	abCDe

DESCRIPTION

Simplex is an EU-licensed financial institution, providing the fiat infrastructure for the crypto industry. Simplex processes fiat-to-crypto credit card payments with a 100% guarantee – in case of a fraud chargeback, the merchant gets paid by Simplex. Simplex's cutting-edge fraud prevention solution and state-of-the-art AI technology blocks fraudulent users and allows legitimate users to complete payments with ease, increasing conversion rates, and enabling merchants to focus on their business growth.

TECHNOLOGY

SimplexCC enables crypto-currencies exchanges to accept credit cards at no chargeback risk. This is achieved by utilizing fraud analysis and risk management years-long experience along with a unique understanding of the crypto-currency protocol in its context. The solution expands the total addressable market of bitcoin by orders of magnitude while accumulating priceless user and identity data and associate with the pseudo anonymous environment.

	TARGET MARKETS
	Bitcoin Currency Exchangers , Crypto Market , Offline Merchants & Marketplaces ,especially those dealing with high-level fraud and chargebacks

	BUSINESS MODEL
	B2B

CONTACT INFO

Expand / Collapse All

Main Address: Givatayim, Israel

Address	4 Ariel St.
City	Givatayim
Country	Israel
Zip	5344730

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Netanel Kabala	Co-Founder
Mr. Nimrod Lehavi	Co- Founder	Friendly Credit (Co-Founder)
Mr. Erez Shapira	Co-Founder

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

May. 06, 2021

Revenue Growth

abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Second Round

May. 17, 2019

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Angel Club/ Group	abCDe
abC Defghij	Holding Company	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	High-Tech Company	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe

First Round

Feb. 05, 2016

R&D

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Corporate VC	abCDe
abC Defghij	Angel Club/ Group	abCDe
abC Defghij	Holding Company	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	High-Tech Company	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe

Seed

May. 01, 2014

Seed

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Corporate VC	abCDe
abC Defghij	Investment Company	abCDe
abC Defghij	Private Investor	abCDe

	R&D Grants

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Round

Date

Stage

Amount

Remarks

R&D Grant

Jun. 01, 2019

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Government Agency	abCDe

R&D Grant

Jun. 01, 2018

Initial Revenues

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Government Agency	abCDe

R&D Grant

Mar. 01, 2015

R&D

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Government Agency	abCDe

Last Updated:	abCDe
IVC Number:	abCDe