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.