About Simplex
Simplex is a company based in Ramat Gan (Israel) founded in 2014 was acquired by Nuvei in May 2021. It operates as a FinTech, and Commission-Based. Simplex has raised $8 million across 4 funding rounds from investors including BITMAIN, Nuvei and FundersClub. The company has 2 employees as of December 31, 2021. Simplex offers products and services including Fiat-to-Crypto Onramp, Turnkey Onramp Solution, and NFT Dir3ct. Simplex operates in a competitive market with competitors including Chainalysis, Signifyd, ThreatMetrix, Riskified and Jumio, among others.
- Headquarter Ramat Gan, Israel
- Employees 2 as on 31 Dec, 2021
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Sectors
TechnologyIndustrial Goods & Manufacturing Retail Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Nuvei Liquidity, Uab
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Products & Services of Simplex
Simplex offers a comprehensive portfolio of products and services, including Fiat-to-Crypto Onramp, Turnkey Onramp Solution, and NFT Dir3ct. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fiat-to-crypto transactions are facilitated securely and instantly.
Complete onramp solutions are provided for crypto businesses.
NFT payment solutions are offered for seamless transactions.
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Funding Insights of Simplex
Simplex has successfully raised a total of $8M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in February 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $7.0M
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First Round
First Round
(01 Mar 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2016 | Amount | Series A - Simplex | Valuation | Cumberland Mining & Materials LLC , FundersClub |
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| Dec, 2014 | Amount | Token Sale - Simplex | Valuation |
investors |
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| May, 2014 | Amount | Seed - Simplex | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Simplex
Simplex has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include BITMAIN, Nuvei and FundersClub. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Fundraising platform connects startups with investors for capital and support.
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Founded Year | Domain | Location | |
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Hardware solutions for cryptocurrency mining are developed.
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Founded Year | Domain | Location | |
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Liquidity is provided for institutional investors in cryptoassets by Cumberland.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Simplex
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Simplex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Simplex Comparisons
Competitors of Simplex
Simplex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Chainalysis, Signifyd, ThreatMetrix, Riskified and Jumio, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Blockchain data platform insights for cryptocurrency are delivered.
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| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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| domain | founded_year | HQ Location |
Fraud prevention and context based authentication solution
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
AI-powered identity verification and fraud protection solutions are provided.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Simplex
Frequently Asked Questions about Simplex
When was Simplex founded?
Simplex was founded in 2014.
Where is Simplex located?
Simplex is headquartered in Ramat Gan, Israel. It is registered at Ramat Gan, Tel Aviv District, Israel.
Is Simplex a funded company?
Simplex is a funded company, having raised a total of $8M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Mar 01, 2014.
How many employees does Simplex have?
As of Dec 31, 2021, the latest employee count at Simplex is 2.
What does Simplex do?
Simplex is established as a secure and global fiat-to-crypto onramp, enabling individuals and businesses to buy and sell cryptocurrencies instantly. Services are provided across 190 countries, supporting over 200 cryptocurrencies and 100 fiat currencies. Solutions are tailored for fintech, blockchain, and ecommerce sectors, ensuring fraud-free transactions with zero chargeback guarantees. Integration is offered with customizable UI, flexible APIs, and 247 support, bridging traditional finance and Web3 ecosystems seamlessly.
Who are the top competitors of Simplex?
What products or services does Simplex offer?
Simplex offers Fiat-to-Crypto Onramp, Turnkey Onramp Solution, and NFT Dir3ct.
Who are Simplex's investors?
Simplex has 5 investors. Key investors include BITMAIN, Nuvei, FundersClub, Cumberland, and Cumberland.
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