What We’re Doing
Simplex is a licensed financial institution that provides an online fraud-free payment processing solution. Simplex enables merchants worldwide to accept diverse payment methods, including credit card deposits and purchases, with zero exposure to chargeback risk. The company also operates a secure escrow service for large fiat-to-crypto transactions.
Simplex’s AI technology analyzes every transaction using proprietary, fully automated, machine-learning algorithms that eliminate fraud while increasing conversion. By combining advanced payment processing with state-of-the-art fraud prevention technology, Simplex allows crypto merchants to introduce credit card purchasing to mainstream users worldwide. In addition to enhancing business growth, this combined solution significantly decreases the percentage of false declined transactions, which ultimately leads to an increase in conversions and complete peace of mind.
As an active force in the crypto industry, Simplex identified the need to simplify the purchasing process for mainstream users, giving them a familiar e-commerce experience. Working with the largest crypto platforms and processing billions of dollars annually, Simplex has become the new industry standard. Founded in 2014 and initially operating in the crypto ecosystem, Simplex has expanded its services to the e-commerce industry and other verticals.
Where We’re Going
Simplex is creating a world without fraud. Our goal is to eliminate inherent online payment risk and make online commerce safe for all.
Our Secret Sauce
When it comes to processing online payments and guaranteeing security, there are no shortcuts. Our team has years of extensive experience in payment fraud mitigation, combined with advanced AI and machine-learning technologies committed to the cause. Our in-depth experience and proven track record puts us in a unique position to provide a solution that offer businesses a robust and risk-free environment for online payments.
Our Chief Navigators
Nimrod Lehavi, Co-Founder & CEO
Hacker, maker, bookworm, geek, serial entrepreneur.
Simplex founder Nimrod Lehavi’s career spans two decades of experience and knowledge. He is well respected in Israel’s startup scene for his proven ability to lead large scale top notch software projects. Nimrod is a board member of the Israeli Bitcoin Association.
Nimrod holds a BA in computer science from IDC Herzliya, Israel.
Erez Shapira, Co-Founder & CTO
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 a MBA from Tel-Aviv University.
Netanel Kabala, Co-Founder & CAO
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 & Management and an MBA, both from Tel-Aviv University.