Tallinn startup Creem raises €1.8 million to help AI-first companies handle payments and grow globally

Creem was started just 10 months ago by Gabriel Ferraz and Alec Erasmus, who both previously worked at Google and Adyen. Despite having no sales team and only two people running the company, Creem has already reached over €930,000 in annualised revenue.

Creem wants to become the financial "operating system" for AI-powered startups, especially those with small, global teams. Their platform helps these companies manage payments, taxes, revenue, and payouts—across both traditional (fiat) and digital (stablecoin) currencies. It’s already popular among startups in emerging markets, offering a developer-friendly alternative to the messy and outdated systems many businesses still use.

“It’s clear that 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 corporations 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 has officially launched its Revenue Splits feature, which was previously in beta. This tool helps startups automatically divide revenue based on things like who worked on a project, what was sold, or which sales channel was used. It's especially useful for startups working with remote teams or multiple creators. Early users say it saves time by cutting down on manual work and makes it easier to work with outside contractors and tech partners.

Looking ahead, Creem aims to support a new kind of company it calls a “programmable organisation” where people, tools, and workflows are built into the code from the start. This includes things like AI agents running tasks and built-in compliance features that grow with the company.

“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,” said Arvydas Bložė, Partner at Practica Capital. “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.”

Before starting Creem, Gabriel Ferraz founded Brazil’s first crypto software agency and grew a crypto payments platform to over €180 million in transaction volume. He moved to the Baltics in 2019. Alec Erasmus previously led the KYC (Know Your Customer) systems at Adyen and built backend systems for crypto trading platforms. He and Ferraz later worked together at the fintech company Change Invest.

Antler’s Tobias Bengtsdahl added: “Gabriel and Alec are exactly the kind of founders we love to back – deeply technical, globally ambitious, and building for a new kind of customer. As company formation becomes more decentralised and global, Creem is creating the financial infrastructure that will support the next generation of digital entrepreneurs.”

With the new funding, Creem plans to grow globally and build more tools for AI-first teams. Thanks to the new investment, Creem will expand its payment services into more countries, strengthen its compliance features, and develop programmable APIs for things like revenue automation, KYC, tax management, and embedded finance workflows. The goal is to help small, AI-native teams run global operations right from the start.

About Cream

Creem.io (legal name: Armitage Labs) is a fintech platform that helps SaaS and micro-SaaS businesses manage payments and grow revenue. It offers built-in financial tools that can be easily added to your product, acting as a Merchant of Record. Creem uses existing customer and payment data to handle transactions, compliance, and more all in one place.