“Can a fraud-guarantee payment processor become the dominant fiat-to-crypto on-ramp infrastructure for global crypto platforms?”
Simplex was founded as an EMI-licensed fintech specializing in fraud-free payment processing for crypto purchases, primarily serving online crypto exchanges and merchants. The company differentiated itself by guaranteeing merchants against fraud chargebacks, targeting the crypto vertical where fraud risk was historically high. Simplex was ultimately acquired by Nuvei, integrating its crypto-focused payment capabilities into Nuvei's broader global payments platform.