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Israel-based secure bitcoin payments provider Simplex has raised $7 million in a Series A funding round, the firm has announced. The main investors in the round were bitcoin mining firms Bitmain and Cumberland Mining, with crowdfunding platform FundersClub also in the mix.
The startup was founded in 2014 by serial entrepreneur Nimrod Lehavi and two former PayPal anti-fraud experts, Erez Shapira and Netanel Kabala. The latest Series A funding round brought Simplex’s overall investments so far to $8.4 million, after it already raised $1.4 million before.
Lehavi is a board member at the Israeli Bitcoin Association and a co-founder of GeekCon, ... (read more)