Walless has helped Simplex obtain an e-money license from the Bank of Lithuania.
Israel-based Simplex is a Fintech company that set up in Lithuania in 2017 and recently obtained its payment institution license. The company’s fraud prevention solution and AI technology blocks fraudulent users and allows legitimate users to complete payments. According to Walless, the e-money license will allow Simplex to broaden its products offering.
The Walless team consisted of Partner Joana Baublyte-Kulviete, Associate Partner Lina Radaviciene, and Senior Associate Simona Kisunaite.