Lithuania is no longer ‘up-and-coming’ – rather, it’s one of the major global Fintech hubs. We have been able to recruit excellent employees for every role required. One can say that Simplex couldn’t have reached its current position as market leader without establishing the Lithuanian site.
- Functions: Engineering, sales, support, fraud analysis, marketing, data analytics, quality supervision, finance
- FTE: 84 (August, 2021)
- EST: 2017, Vilnius
Headquartered in Israel, Simplex processes credit card payments with a 100% guarantee which ensures that, in the event of a fraud chargeback, the merchant receives payment from Simplex. The company’s cutting-edge fraud prevention solution and proprietary state-of-the-art AI technology blocks fraudulent users, while allowing legitimate users to complete payments with ease. At present, Simplex’s Lithuanian team is responsible for compliance, customer support, account management and fraud monitoring, as well as certain core engineering functions. In addition, the company holds an E-Money license issued by the Bank of Lithuania.
As part of Simplex’s ambitious growth strategy, the functions of its Lithuanian office are continually being expanded, and its Vilnius office will continue to function as the backbone of the company’s day-to-day operations. The company also plans to establish a new R&D group in Lithuania that will contribute to the company’s core product and help to expand its growth potential.