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Intelligence
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Trustmi Lands $17M To Scale Its Payments Fraud Prevention Tech

Jul 26, 2023over 2 years ago

Amount Raised

$17 Million

Tel Aviv

Description

Shai Gabay and Eli Ben-Nun, two entrepreneurs based in Israel, met in 2018 while working at Cynet, a cybersecurity startup developing extended detection and response tools. While there, they came to realize that there was a growing need to secure payment transfers, which were becoming increasingly susceptible to fraud and cybercrime.

Company Information

Company

Trustmi

Location

Tel Aviv, Tel-Aviv District, Israel

About

Trustmi is the only end-to-end payment security solution that helps businesses protect their bottom line by eliminating losses from cyberattacks, internal collusion, and human error and ensuring payments go to the right place.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech