Creem
Overview
Creem is a financial technology startup based in Tallinn, Estonia, specializing in building financial infrastructure for AI-focused startups. Founded in 2024 by Gabriel Ferraz and Alec Erasmus, the company provides software solutions that manage payments, compliance, tax obligations, and revenue distribution, including payouts in both traditional currencies and stablecoins. As of August 2025, Creem has secured €1.8 million in pre-seed funding. The funding round was led by Practica Capital, with participation from Antler and several angel investors.
Recent Developments
- August 2025: Creem announced it has raised €1.8 million in pre-seed funding led by Practica Capital, with additional investment from Antler and angels like Johan Pietilä and Martin Olofsson. This funding aims to expand Creem’s payment coverage into new markets and enhance its compliance and tax infrastructure. Creem's "Revenue Splits" feature, which automates payments to contributors, is now out of beta.
- June 2025: Creem introduced programmable finance tools designed to integrate with developers' workflows, streamlining processes like revenue sharing and tax handling.
- April 2025: The company surpassed €930,000 in annualized revenue while being operated solely by its founders, demonstrating its efficiency and market traction despite a lean team framework.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2024 |
| Headquarters | Tallinn, Estonia |
| Founders | Gabriel Ferraz, Alec Erasmus |
| Revenue | Over €930,000 (annualized, 2025) |
| Key Investors | Practica Capital, Antler, Johan Pietilä, Martin Olofsson |
| Industry | Fintech / Financial Infrastructure for Startups |
| Number of Employees | 3 |
Early History
Creem was founded in 2024 by Gabriel Ferraz and Alec Erasmus, leveraging their previous experience at major firms like Google and Adyen. Initially targeting AI-native startups, Creem developed a platform that simplifies financial management for distributed and emergent teams. They quickly identified a gap in the market for programmable financial tools tailored to the needs of AI-driven companies, prompting the development of their flagship product.
Company Profile and Achievements
Creem operates a business model focused on providing a comprehensive financial platform for startups that require robust international transaction and compliance capabilities. Key achievements include:
- Development of Revenue Splits: This feature automates complex revenue sharing, addressing key bottlenecks for startups with distributed teams or multiple contributors.
- High Market Adaptation: Creem has quickly gained traction among AI startups, leveraging its unique value proposition in programmable finance tools.
- Lean Operational Structure: Despite having a minimal team, Creem has scaled its operations and revenue rapidly, demonstrating the scalability of their model.
- Strategic Partnering: Secured investment from key players in the fintech ecosystem to bolster their financial infrastructure offerings.
Current Operations and Market Position
Creem continues to operate at the intersection of fintech and AI, providing essential financial infrastructure for globally distributed teams. Its platform allows for seamless integration of financial processes directly into the workflows of AI startups, supported by a focus on expanding market coverage and compliance features. Creem positions itself competitively by addressing a critical need for efficiency and automation in financial operations.
Conclusion
Creem stands out in the fintech market by offering tailored financial solutions for AI-native startups, reflecting the growing demand for agile and scalable financial infrastructure. With significant investment backing and a clear focus on harnessing technology to improve financial operations, Creem is poised to play a pivotal role in shaping the financial underpinnings of the next generation of global startups. The future trajectory looks promising as it continues to innovate and expand its offerings to meet the dynamic needs of its target market.