The bitcoin payment processing startup has received funding from investors including bitcoin miner Cumberland and bitcoin hardware producer Bitmain.
Israel-based bitcoin payment processor Simplex has raised $7m in a series A round backed by bitcoin hardware provider Bitmain and bitcoin mining entity Cumberland Mining, Bloomberg has reported.
Venture capital syndicate FundersClub also took part in the round, as did a number of unnamed angel investors.
Simplex offers a risk-free alternative to wire transfers, allowing users to process credit card payments using the bitcoin cryptocurrency.
Serial entrepreneur Nimrod Lehavi and two former employees of Paypal, Erez Shapira and Netanel Kabala,…
