Simplex is a cryptocurrency fintech company, providing worldwide online merchants with a fraudless payment processing solution. It is currently focused on the cryptocurrency ecosystem, and serves exchanges, brokers and wallets. Simplex is collecting multiple data points on every transaction and every user. Using this data, Simplex's AI machine learning algorithms correctly analyze and assess if a certain transaction is too risky. Then, it employs in-flow verification mechanisms to decrease fraud while increasing conversion. Today Simplex prevents fraud on transactions totaling tens of millions of dollars each month. Founded in 2014, Simplex started operating in the bitcoin ecosystem, and is soon expanding its services to the e-commerce industry.
- StatusNot Verified
- Form of BusinessCompany
- In Business Since2015
Business Description
Citcon, a global all-in-one payment platform with a unified API to integrate 100+ digital wallets, offers a full-stack solution from payment processing and gateway services to reporting and fund settlement.
Headquartered in Silicon Valley, Citcon provides in-store, online, and mobile payment solutions for thousands of the biggest brands worldwide including Nordstrom, Samsonite, Macy’s, MGM Resorts, Bloomingdale’s, Hyatt, L’Oréal, and many others.
Our platform helps more than 10,000 global merchants securely process millions of payment transactions daily. In essence, Citcon is a leading payment gateway solution that helps consumers pay for their products and services anywhere, anytime.
Citcon began as the first authorized US merchant acquirer for WeChat Pay and Alipay—two of the most popular mobile wallet providers in China. Today, we connect more than 20 global wallet providers, including PayPal and Venmo, reaching over 2 billion mobile wallet users worldwide.
