Simplex
About
Simplex is an EMI licensed Fintech company providing fraudless payment processing solutions to online merchants
- Giv'atayim,Tel Aviv,Israel
- 101 - 250
- http://www.simplex.com
Details
- Last Funding Type
- Seed
- Last Funding Money Raised
- $1M
- Industries
- Bitcoin,Cryptocurrency,E-Commerce,Financial Services,FinTech,Fraud Detection,Payments
- Founded date
- Apr 28, 2014
- Number Of Employee
- 101 - 250
- Operating Status
- Active
- Legal Name
- SimplexCC Ltd.
- Also Known As
- SimplexCC
Fully regulated as a financial institution, Simplex processes credit card payments with a 100% fraud protection guarantee – in case of a fraud chargeback, the merchant gets paid by Simplex. Utilizing its cutting-edge fraud prevention solution and AI technology, Simplex blocks fraudulent users and allows legitimate users to complete payments, thereby, increasing conversion rates and enabling merchants to focus on their business growth. In today's banking echo-system Crypto-related businesses are underserved. Simplex enables personal individuals and businesses to get an EU IBAN account for their banking activity having all the necessary payment account functions
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| May 17, 2019 | Series Unknown | $5M | 2 | — | — | Detail |
| Mar 6, 2019 | Series B | $5M | 2 | — | — | Detail |
| Mar 1, 2016 | Grant | $600K | — | — | — | Detail |
| Feb 5, 2016 | Series A | $7M | 5 | — | — | Detail |
| Mar 1, 2015 | Grant | $400K | 1 | — | — | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
|
— | Series Unknown |
Korea Investment Partners
|
— | Series Unknown |
iAngels
|
— | Series B |
Yaron Lemelbaum
|
— | Series B |
Bitmain
|
— | Series A |
DRW Venture Capital
|
— | Series A |
FundersClub
|
— | Series A |
Office of the Chief Scientist
|
— | Grant |
Employee Profiles
