OverviewSimplex
is a Tel Aviv, Israel-based fintech company founded in 2014 by Nimrod Lehavi, Erez Shapira, and Netanel Kabala. The company focuses on providing secure, risk-free fiat and cryptocurrency payment solutions for the cryptocurrency industry. Simplex was acquired by Canadian payment technology company Nuvei in 2021 as one of its subsidiaries, further expanding its global payments capabilities.
Core Products & Services
: Turnkey Onramp Solution (Plug and Play Payment Solution).
Simplex offers an all-in-one payment gateway that supports over 200 cryptocurrencies and over 100 fiat currencies. The solution allows users to buy cryptocurrencies quickly and securely through multiple payment methods such as credit cards, debit cards, Apple Pay, SEPA, SWIFT, and more. Simplex's payment gateway has been integrated with more than 350 partners, including major cryptocurrency trading platforms like Binance, KuCoin, BitMart, and more.
Simplex Banking
Simplex Banking is an innovative financial service designed to provide users with digital bank accounts, supporting deposits and withdrawals of cryptocurrencies and fiat currencies. The service provides each user with a personal international bank account number (IBAN) and is equipped with a Visa debit card to facilitate the use of cryptocurrencies in their daily lives. Simplex Banking also offers a one-time identity verification (KYC) process that simplifies the user experience.
Market Positioning & Industry
ImpactSimplex's services cover more than 245 markets around the world, support a variety of payment methods, and aim to provide users with a convenient and secure cryptocurrency purchase experience. Through partnerships with major cryptocurrency trading platforms and wallet service providers, Simplex has become an important payment infrastructure provider in the cryptocurrency industry.
Regulation & ComplianceAs
an EU-licensed financial institution, Simplex adheres to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies to ensure compliant operations on the platform. The company also uses advanced artificial intelligence technology to provide zero-risk and zero-security incident payment services to ensure the safety of users' funds.
SummarySimplex
has facilitated the mainstream adoption of cryptocurrencies by providing secure, risk-free fiat and cryptocurrency payment solutions. Its partnerships with major global cryptocurrency trading platforms and wallet service providers have further strengthened its position in the industry. As a subsidiary of Nuvei, Simplex will continue to expand its global payment capabilities to provide users with a more convenient cryptocurrency buying experience.
