Highlights
IIA supported (ever)Profile claimed by owner
About
Fraud Prevention in Online Payments
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.
Identity
| Name | Simplex |
|---|---|
| Slug | simplex |
| Type / kind | startup |
| Crunchbase ID | simplex-3 |
| Source _id | agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgN6Olp0KDA |
Status
| Status | acquired |
|---|---|
| Status reason | Acquired by Nuvei Corp on May, 2021 |
| Last update | 2026-05-17 |
Location
| HQ country code | IL |
|---|---|
| HQ region/district | Center District |
| HQ city | Giv'atayim |
| HQ address | Ariel Sharon Street 4, Giv'atayim, Israel |
Web & social
| Website | https://www.simplex.com |
|---|---|
| Careers page | https://www.simplex.com/join-us/careers |
| https://www.linkedin.com/company/5174336 | |
| Twitter / X | https://twitter.com/SimplexCC |
| https://www.facebook.com/Simplex.cc |
Classifications
Primary sector Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesSoftwareMobileData StorageDLT & Blockchain
Target customers
ConsumersProfessionals & Gig EconomyOnline RetailersFinancial ServicesFinancial Institutions
Business models
B2B
Tags
credit-cardssoftware-applicationspaymentstransactionsweb-platformcryptocurrencybitcoinfintechauthenticationblockchainmobile-paymentsonline-retailersmachine-learningartificial-intelligenceretailersdigital-wallet
Funding
| Total raised | $8.4M |
|---|---|
| Current stage | Acquired |
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