Total raised
$8.4M
Last: Series A 2016-02
Stage
Acquired
Founded
2014
Headcount
311
HQ
Giv'atayim
Sector
Fintech & Insurtech
About
Simplex facilitates fraudless credit card payments for goods and services sold online. It protectsonline businesses against fraudulent chargebacks, using artificial intelligence and machine-learning technology. Simplex analyzes payments and related data and decides whetherthey are safe for processing, using a real-time machine-learning system. A Simplex-approved transaction is guaranteed; the merchant can safely supply the product to the customer, knowing there won't be a chargeback and that, if there is, Simplex will cover it. Simplex also enables worldwidecustomers to purchase Bitcoin with their credit card while fully protecting exchanges and brokers from fraud chargebacks.
Funding history · 2 rounds · $8.4M total
2016-02
Series A
$7.0M
2014-05
Seed
$1.0M
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesSoftwareMobileData StorageDLT & Blockchain
Target customers
ConsumersProfessionals & Gig EconomyOnline RetailersFinancial ServicesFinancial Institutions
Business model
B2B
Highlights
Verified
Tags
credit-cardssoftware-applicationspaymentstransactionsweb-platformcryptocurrencybitcoinfintechauthenticationblockchainmobile-paymentsonline-retailersmachine-learningartificial-intelligenceretailersdigital-wallet