Simplex

cryptocurrency

FOUNDING YEAR: 1997
LOCATION: Japan
Last Update: 09/07/2020

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About

Simplex provides Bitcoin exchanges, broker websites and wallet applications with a fully protected fraud-free platform for selling Bitcoins via credit card.

Focus

PRODUCTS & SERVICES

Provide secured payment platform for credit card purchasing of bitcoins.

REVENUE MODEL

Simplex charged 5% of the transaction cost, with a minimum amount of 10$.

MAIN CLIENTS

Businesses and merchants

EXISTING PARTNERSHIPS

Genesis Mining

BITSTAMP

Bitcoin.com

Coinmama

Bits of Gold

People

FOUNDERS

Netanel Kabala

Nimrod Lehavi

Erez Shapira

BOARD MEMBERS AND ADVISORS

Netanel Kabala

Nimrod Lehavi

Erez Shapira

Gigi Weiss

INVESTORS:

Bitmain

Cumberland Mining

DRW Venture Capital

FundersClub

IAngels

Office of the Chief Scientist of Israel

Yaron Lemelbaum

KEY EMPLOYEES:

Nimrod Lehavi(CEO); Erez Shapira(CTO); Netanel Kabala(CRO)

Momentum

FUNDED

YES

TOTAL FUNDING

$18 M

DATE OF LAST FUNDING

2019

SEED & PRIOR FUNDING

$1 M

FUNDING SERIES

SERIES A  · $7 M  · ---

SERIES B  · $5 M  · Mar 2019

OTHERS  · $5 M · May 2019

PRIZE MONEY

$600 K

LISTED

NO

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