Simplaex GmbH
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Simplaex GmbH - overview
Established
2015
Location
Berlin, -, Germany
Primary Industry
Software
About
Simplaex GmbH is a Berlin-based company specializing in cryptocurrency gambling platforms that facilitate seamless and secure gaming experiences for users globally, utilizing blockchain technology for transactions. Founded in 2015 in Berlin, Germany, Simplaex GmbH operates in the cryptocurrency gambling sector, focusing on online gaming platforms. The company has successfully completed 9 deals, with its most recent funding round being a Series A in May 2021, where it raised USD 2. 60 mn, bringing the total amount raised to USD 2.
60 mn and the current company valuation to USD 11. 55 mn. The investors in this round included Antheria Holding, High-Tech Gründerfonds, and Target Partners. Simplaex GmbH offers a variety of cryptocurrency gambling platforms including BitStarz, FortuneJack, Stake, mBit Casino, CryptoWild, Mystake Casino, and Jackbit Casino.
These platforms provide diverse gaming options like slots, table games, live dealer games, and sports betting, all optimized for transactions in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Their services ensure fast, secure, and anonymous gambling experiences, catering to a global audience with a focus on regions where traditional online gambling may face restrictions. The company generates revenue through transactional fees tied to deposits, withdrawals, and gaming activities on its platforms. Players engage in cryptocurrency transactions, enabling instant payment processing that enhances user experience.
Revenue streams include direct-to-consumer interactions and potential promotional partnerships with game developers and payment processors. Competitive bonus structures are employed to attract and retain players, enhancing customer engagement and boosting revenue through increased transaction volume. Looking ahead, Simplaex GmbH plans to develop and launch new products aimed at expanding its market presence. Key strategies include targeting new geographic regions for expansion, although specific markets have not been disclosed.
The recent Series A funding round, completed on May 10, 2021, is anticipated to support these initiatives, although detailed plans for the use of funds have not been publicly elaborated.
Current Investors
Target Partners, High-Tech Gruenderfonds, Antheria Holding
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Content Management Software, Sales & Marketing Software
Website
www.simplaex.com
Verticals
AdTech
Company Stage
Series B
Total Amount Raised
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