Creem, an Estonian fintech startup developing financial infrastructure for AI-focused teams, has raised €1.8 million in a pre-seed funding round led by Practica Capital, with participation from Antler and several angel investors.
Founded ten months ago, the company has already reached more than US$1 million in annualised revenue and reported monthly payment volumes growing over 300%, despite being operated by two technical founders who previously worked at Google and Adyen.
Creem positions itself as a financial operating system for small AI startups, particularly those led by technical founders without dedicated finance or commercial teams.
“AI is blowing open the doors of entrepreneurship but the infrastructure has not caught up,”
said Gabriel Ferraz, Co-Founder and Chief Executive of Creem.
“These are not big corporates with finance departments. They are lean, fluid teams of builders and contributors from all over the world. We are building the rails they need to operate at speed, scale, and transparency.”
The company has launched features such as Revenue Splits, which automates multi-party revenue sharing and reduces manual reconciliation.
Early adopters have reported efficiency gains in working with contractors, creators, and engineers.
Creem’s platform supports both fiat and stablecoin payouts with tax and compliance included, and is designed to integrate with developer tools so that finance becomes part of daily workflows.
Alongside Practica Capital and Antler, angel investors in the round include Johan Pietilä, co-founder of Voi, Martin Olofsson, a former adviser to Mastercard, as well as advisers from Revolut, Crypto.com, and other fintech firms.
Ferraz, originally from Brazil, previously founded the country’s first crypto software agency and helped scale a crypto payment gateway that processed more than US$200 million in gross merchandise volume.
His co-founder, Alec Erasmus from South Africa, led KYC infrastructure at Adyen and built backend systems for crypto brokerages.
The two met while working at Change Invest.
The new funding will be used to expand Creem’s payment services into additional markets, strengthen its compliance infrastructure, and further develop programmable financial tools for AI startups.
Featured image credit: Creem
