WALLESS Advises Simplex in the Acquisition Transaction with Nuvei
WALLESS represents Simplex, a payment solution provider to the cryptocurrency industry, in an acquisition transaction with Nuvei, a Canadian-based payment technology company.
An Israeli fintech startup Simplex provides a secure infrastructure for clearing cryptocurrency transactions and simplifies buying and selling. Simplex was one of the first investors that decided to set up its e-money institution in Lithuania and now has 150 employees at its Israel offices in Givatayim near Tel Aviv and in Vilnius, Lithuania.
The total deal value is approximately $250 million. The transaction remains subject to customary closing conditions and is expected to close in the second half of 2021.