Creem, a fintech startup based in Tallinn, has secured €1.8 million in pre-seed funding led by Practica Capital, with Antler and several angel investors also participating. Creem develops financial software aimed at AI-focused startups, providing tools for payments, taxes, compliance, and revenue sharing. The new funding will go toward expanding its payment coverage in additional markets, enhancing compliance systems, and building out developer-facing financial infrastructure.
Founded less than a year ago by former Google and Adyen engineers Gabriel Ferraz and Alec Erasmus, Creem has reported more than $1 million in annualized revenue while operating with a two-person team. The company provides software that enables startups to manage payments, compliance, tax obligations, and multi-party revenue distribution, including payouts in both traditional currencies and stablecoins.
“AI is blowing open the doors of entrepreneurship – but the infrastructure hasn’t caught up,” said Gabriel Ferraz, co-founder and CEO of Creem. “These aren’t big corporates with finance departments. They’re lean, fluid teams of builders and contributors from all over the world. We’re building the rails they need to operate at speed, scale, and transparency.”
Creem’s early customer base consists of small, distributed AI-focused teams, particularly in markets where access to international financial services is limited. The platform’s recently introduced “Revenue Splits” feature allows startups to automate payments to contributors and partners, replacing manual reconciliation processes.
The new funding will be used to expand Creem’s payment coverage to additional markets, strengthen its compliance and tax infrastructure, and further develop programmable finance tools. Planned areas of investment over the next year include revenue automation, global compliance systems, and developer APIs that integrate financial processes directly into company workflows.
Practica Capital partner Arvydas Bložė said the investment reflects a broader shift toward smaller, globally distributed teams that need financial systems designed for rapid scaling. Antler partner Tobias Bengtsdahl added that Creem’s approach responds to the trend of decentralized company formation and the need for cross-border financial tools.
“Creem is building the orchestration layer for a new category of companies – ones where agentic-powered workflows can automate nearly every process, and the traditional org chart is replaced by lean, globally distributed teams,” Arvydas Bložė, Partner at Practica Capital, added. “We see this as a fundamental shift in how companies will be formed and operated: a tiny core of builders, operating vast networks of contributors and systems. Creem’s infrastructure is exactly what this new wave of programmable organisations needs to operate at scale, from day one.”
In addition to the lead investors, angel backers in the round include Johan Pietilä, co-founder of Voi, Martin Olofsson, a former adviser to Mastercard, and individuals linked to Revolut and Crypto.com.
Ferraz, originally from Brazil, previously founded a crypto software agency and built a payment gateway that processed over $200 million in transaction volume. Erasmus, from South Africa, led KYC infrastructure development at Adyen and worked on backend systems for crypto brokerages. The pair met while working on projects at Change Invest.
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Read the orginal article: https://arcticstartup.com/creem-raises-e1-8-million-pre-seed/
