Simplex provides Bitcoin exchanges, broker websites and wallet applications with a safe, fraud-free, and fully protected platform for selling Bitcoins online via credit card transactions, thus creating a safer environment for the customer.
Feb. 07--Israeli bitcoin payment company Simplex has closed a $7 million Series A financing round with the participation of angel investors and companies in the bitcoin ecosystem, such as Bitmain and Cumberland.
Backing Simplex are bitcoin mining firms Bitmain and Cumberland Mining, and FundersClub, a crowdfunding platform that previously invested in Coinbase. A group of angel investors, which Simplex declined to name, also contributed to the funding.
A self confessed ‘geek’, Simplex founder Nimrod Lehavi’s career spans two decades of expertise and knowledge. He’s well-respected in Israel’s startup scene for his proven capabilities at leading large scale top notch software projects. Nimrod is a board member at the Israeli Bitcoin Association and a co-founder of GeekCon, the annual un-conference for “Hacking the Digital Lifestyle”.
A specialist in all aspects of fraud, risk and decision-making systems, co-founder Netanel Kabala provides Simplex with essential experience from the world of digital finance.
Before Simplex, Netanel worked for PayPal as a fraud analyst, team and group leader, dealing both with back-end automation and user-facing risk platforms. He holds a B.A. in Economics and Management, and an MBA, both from Tel-Aviv University.
Co-founder Erez Shapira brings to Simplex extensive hands-on experience as a developer and team leader working on developing fraud detection and decision making systems at both PayPal and the IDF’s intelligence corp. A seasoned leader, Erez drives the tech team to uncompromising excellence.
Erez holds a B.A. in Computer Sciences and Economics From Bar-Ilan University, and an MBA from Tel-Aviv University.