Live Breaking News & Updates on Chief Technology Officer Erez Shapira

A symbol of the cryptocurrency Bitcoin. Photo: Pixabay.
CTech – Israeli company Simplex, which provides fiat infrastructure for the cryptocurrency ecosystem, is in advanced negotiations to be acquired by Canadian payment processing giant Nuvei for between $200-$250 million,
Calcalist has learned.
The deal is set to be officially completed in the coming days. Two years ago, Nuvei, which is traded on the Toronto Stock Exchange and has a market cap of almost $10 billion, bought Israeli-founded payment technology company SafeCharge for $889 million. SafeCharge was founded in 2006 by CEO David Avgi and Israeli businessman Teddy Sagi.
Founded in 2014 by CEO Nimrod Lehavi and two former employees of Paypal, Chief Technology Officer Erez Shapira and Chief Analytics Officer Netanel Kabala, Simplex offers online payment processing and fraud protection exclusively for the cryptocurrency industry. The company was initially established to provide an easier method of buying c ....

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