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.
Simplex’s AI technology analyses 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.
Founded in 2014 and initially operating in the crypto ecosystem, Simplex has expanded its services to the e-commerce industry and other verticals. It’s one of the fastest growing fintech companies in Israel and a market leader with over 100 employed personnel. In addition to its Israeli HQ, Simplex has opened offices in the UK, North America, and Lithuania.
Functions in Lithuania:
- Internal Audit
- Customer Support
- Business Risk Management