Trustmi, a Tel Aviv, Israel-based security platform that eliminates vulnerabilities that threaten the business payments process, raised $17m in Series A funding this year, totaling $21m to date.
The recent round was led by Zeev Ventures, with participation from Cyberstarts.
The company intends to use the funds to expand its enterprise customer portfolio and protect business payments at scale.
Founded in Israel in 2021 by Shai Gabai and Eli Ben-Nun, Trustmi is a cyber-security fintech company offering an end-to-end solution that helps businesses protect their bottom line by eliminating losses from cyberattacks, internal collusion, and human error, ensuring payments go to the right place. The platform offers businesses protection to avoid significant financial losses by connecting all the data across the payment process to detect and eliminate future fraud and errors. The company also utilizes a Trust Network that unites crowd-sourced data from thousands of vendors and businesses, further uncovering vulnerabilities and detecting suspicious signals to maximize protection for business payments.
The solution is used by global businesses and distinguished Fortune 500 Companies, including CNA Insurance and Colgate-Palmolive Company.
Trustmi is headquartered in Tel Aviv with an office in New York City.
FinSMEs
26/07/2023