Simplex Payment Services, UAB
Latest round
- Series A
Last raised
- Feb 2016
Total raised
- $8M
Investors
- 4
About Simplex Payment Services, UAB
Based in Israel, and founded in 2014 by Nimrod Lehavi, Erez Shapira, and Netanel Kabala, Simplex Payment Services, UAB, is a licensed financial institution providing the fiat infrastructure for the cryptocurrency gateway connecting market participants including exchanges, brokers, wallet, and liquidity providers. The company processes crypto-to-credit card payments. In 2021, Nuvei Corporation, a portfolio company of CDPQ and Novacap, agreed to acquire SimplexCC Ltd. for USD 250 million. As of 2021, the company has over 50 supported cryptocurrencies, 50 supported fiat currencies, and over 350 globally accessible partner integrations. Simplex Banking offers a fraud-proof system to buy and sell cryptocurrencies with global payment accessibility using credit or debit cards. By utilizing the fraud analysis and risk management fraud detection expertise and AI technology, SimplexCC blocks fraudulent users and allows legitimate payers to process the transactions. Simplex provides a zero-chargeback guarantee to its customers, resulting in higher conversion rates, and empowers its partners to accept a wider range of payment methods including Visa, MasterCard, Apple Pay, SWIFT, and SEPA among others. The company offers customizable debit cards enabling the users with the ability to use their digital currencies. Simplex processed approximately USD 500 million of total volume in 2020. Post its acquisitions, SimplexCC plans to enhance Nuvei Corporation’s portfolio of alternative payment methods, adding turnkey simplicity to the process of buying and selling cryptocurrency.0 billion of total volume in 2021.
Who invested in Simplex Payment Services, UAB
4 investors across 2 rounds
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Questions about Simplex Payment Services, UAB
Who invested in Simplex Payment Services, UAB?
Simplex Payment Services, UAB has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Simplex Payment Services, UAB raised?
Simplex Payment Services, UAB has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Simplex Payment Services, UAB last raise money?
Simplex Payment Services, UAB's most recent round on record is a Series A, in Feb 2016.
What does Simplex Payment Services, UAB do?
Based in Israel, and founded in 2014 by Nimrod Lehavi, Erez Shapira, and Netanel Kabala, Simplex Payment Services, UAB, is a licensed financial institution providing the fiat infrastructure for the cryptocurrency gateway connecting market participants including exchanges, brokers, wallet, and liquidity providers.
Where is Simplex Payment Services, UAB headquartered?
Simplex Payment Services, UAB is headquartered in Giv`atayim, Israel.
Which VCs invest in companies like Simplex Payment Services, UAB?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at Simplex Payment Services, UAB's stage. Their profiles are linked below.
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