Ex-Google and Adyen engineers’ Creem raises €5M after doubling revenue to €2M ARR

Creem has closed a €5 million seed round led by Inovo VC, bringing its total funding to €6.8 million after an earlier €1.8 million pre-seed round in August 2025. The company is building billing software that customers’ own AI agents can use, rather than pushing its own branded model into the workflow.

That distinction matters because Creem is betting on a shift in how software gets bought, billed, and run. The product now covers billing, affiliate management, revenue splits, global tax and compliance, conversion analytics, abandoned-cart recovery, and pricing models such as usage-based, seat-based, and prepaid. It plugs into MCP, the CLI, APIs, and tools like Slack, so agents can work without living inside Creem’s dashboard.

Founder Gabriel Ferraz’s path to that pitch is unusually direct. He says he got his first payment at 12, working at a market stall in Brazil, quit university at 16 to get into crypto, founded the country’s first crypto-focused development agency, and later expanded a payments platform to more than €180 million in volume before moving to the Baltics in 2019. He and co-founder Alec Erasmus raised this round one year after their pre-seed.

The business itself has moved quickly. The team went from one person in October 2024 to three or four by January and has now reached 15. Revenue has more than doubled to over €2 million in annual recurring revenue, which is the kind of number that gets investors leaning forward even when the market is crowded.

And it is crowded. Ferraz points to a “big one” founded in the UK, which many people assume is Paddle, while Polar is pitching itself as “the billing platform for the intelligence era” and Stripe’s purchase of Lemon Squeezy has added more pressure. Creem’s pitch is narrower and a little sharper: don’t build the agent, build the plumbing underneath it.