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Overview
Temporary
About Armitage Labs
Industries
Enterprise Software
Fintech
Company Size
11-50
Company Stage
Seed
Total Funding
$2.2M
Headquarters
Tallinn, Estonia
Founded
2024
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Simplify's Take
What believers are saying
- Creem raised €1.8 million in August 2025, giving runway for product expansion.
- Creem reports $1 million ARR after launching in 2025, showing strong founder-market fit.
- August 2026 compliance guides for EU VAT and sales tax signal active demand generation.
What critics are saying
- Creem's fraud stack is still being built in-house; the August 2026 fraud hire confirms weakness.
- Creem's AI wrapper policy can suspend payment processing for noncompliant merchants immediately.
- Stripe, Paddle, and Lemon Squeezy already own developer checkout; Creem loses if MoR trust breaks.
What makes Armitage Labs unique
- Armitage Labs OÜ runs Creem as a Merchant of Record across 100+ countries.
- Creem bundles checkout, VAT filing, invoicing, payouts, and global compliance into one layer.
- Creem targets AI and SaaS sellers with no-code payments and affiliate tooling through Affonso.
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Funding
Total Funding
$2.1M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Relocation Assistance
Company Equity
Professional Development Budget
Company Social Events
Growth & Insights and Company News
6 month growth
↑ 16%1 year growth
↑ 7%2 year growth
↑ 16%Tallinn-based Creem, a FinTech startup building financial infrastructure for AI-first businesses, has secured €1.8 million in a pre-seed funding round led by Practica Capital, alongside Antler and several notable angel investors, including Johan Pietilä, Martin Olofsson, and advisors from Revolut and Crypto.com.
Creem, an Estonian fintech startup focused on financial tools for AI startups, has raised €1.8 million (US$1.9 million) in pre-seed funding led by Practica Capital, with participation from Antler and several angel investors.
Creem, an Estonian fintech, has secured €1.8 million in pre-seed funding led by Practica Capital, with support from Antler and top angels. The company, founded by Gabriel Ferraz and Alec Erasmus, aims to build a financial OS for AI-native startups. With €1 million in annual recurring revenue, Creem plans to expand into new markets, enhance compliance, and improve developer APIs for programmable finance workflows.
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.
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About Armitage Labs
Industries
Enterprise Software
Fintech
Company Size
11-50
Company Stage
Seed
Total Funding
$2.2M
Headquarters
Tallinn, Estonia
Founded
2024
There are no jobs for Armitage Labs right now.
Find jobs on Simplify and start your career today