A self-confessed crypto head, Nimrod Lehavi is a serial entrepreneur and advisor to a number of tech startups in Tel Aviv, including Orbs, one of COTI’s most recent partnerships. He is also the co-founder and CEO of Simplex, a FinTech and cyber security company that aims to introduce merchants to a world without fraud.
As a board member of the Israeli Bitcoin Association, Lehavi saw opportunity in the Bitcoin ecosystem, where Simplex first got its start, enabling bitcoin exchanges, brokers, wallet holders and credit cards to operate with full fraud chargeback guarantee. Since then, Simplex has expanded its services to other verticals, providing a full suite solution to merchants who want to completely remove credit card fraud from their daily operations.
Nimrod Lehavi commented:
“There are no shortcuts to guaranteeing security for online payment processing. Our in-depth experience and collective track record at Simplex will position us to provide the best solutions for all businesses looking to operate in a risk-free online environment. COTI is one of them, and I’m excited to provide my insights into facilitating risk-free online payment processing.”
“Over 3000 merchants have applied for our upcoming alpha net launch. It goes without saying that fraud-free payment processing will be at the forefront of the COTI network’s ongoing efforts. We couldn’t be happier to have Nimrod on board to advise us on eliminating online payment risk and making e-commerce safer for everyone around the globe,” added COTI CEO Shahaf Bar-Geffen.
For further information, visit COTI and Simplex. You can also read COTI’s business overview and whitepaper.
More about Simplex:
Based on advanced AI technology, Simplex’s automated system streamlines online payment processing while assessing risk with maximum speed and accuracy. Simplex integrates with online crypto exchanges to fulfill the credit card payment process. Hence, Simplex is responsible for risk analysis, processing payments with the credit card company and finalizing the transaction. Simplex is licensed as a payment institution in the EU and operates in accordance with the Payment Card Industry Data Security Standard (PCI DSS).
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