Tallinn-based fintech startup Creem has raised €1.8 million to enhance its programmable finance platform tailored for AI-first businesses.

Target Information

Tallinn-based Creem, a fintech startup specializing in financial infrastructure for AI-first businesses, has successfully raised €1.8 million in a pre-seed funding round. The funding was led by Practica Capital alongside notable angel investors including Johan Pietilä and Martin Olofsson. Founded just ten months ago by Gabriel Ferraz and Alec Erasmus, both ex-employees of Google and Adyen, Creem boasts impressive annualized revenue of over €930,000 while being managed solely by its two founders without any dedicated sales team. Creem’s innovative platform enables AI-native startups to efficiently handle complex financial operations across borders.

Creem focuses on offering programmable tools that facilitate global payments, tax handling, revenue automation, and multi-party payouts through both fiat and stablecoin systems. Its flagship feature, Revenue Splits, automates complex revenue-sharing processes tailored for contributors, products, or sales channels. This functionality addresses critical challenges faced by startups that operate in distributed teams or collaborate with multiple creators.

Industry Overview

The fintech landscape in Estonia has witnessed significant growth owing to the country’s digital-first approach and regulatory environment that fosters innovation. With a burgeoning startup ecosystem, Estonia has emerged as a prominent hub for financ