Cybersecurity fintech start-up Trustmi launches globally with a comprehensive payment security solution aimed at combating B2B payment fraud and leveraging crowd-sourced data to protect business payments.
Facts
- Trustmi is a cybersecurity fintech start-up that has launched globally to focus on business payments security.
- The company is headquartered in Israel and has an office in New York.
- Trustmi’s end-to-end payment security solution aims to eliminate losses from cyberattacks, internal collusion, and human error.
- The increasing prevalence and success rate of B2B payment fraud are attributed to “the fragmentation of payment processes.”
- The company offers a flexible solution that connects all payment process data to detect and combat fraudulent activities.
- Trustmi leverages its Trust Network, gathering crowd-sourced data from thousands of vendors and businesses to enhance payment protection.
- The company’s ambition is to lead and redefine the global security market in addressing critical challenges.
- Current clients, including CNA Insurance and Colgate-Palmolive Company, have already saved “millions of dollars” with Trustmi’s solution.
- Trustmi recently completed a $17 million Series A funding round led by Zeev Ventures and Cyberstarts, bringing its total funding since 2021 to $21 million.
