Provides an AI-powered payment security platform that integrates with existing financial systems to prevent fraud, errors, and compliance issues across the entire payment lifecycle. By analyzing data from procurement, ERP, and approval workflows, it ensures payments are accurately directed to verified recipients, reducing losses from threats like business email compromise and internal fraud.
Funding
$21M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face increasing financial losses due to sophisticated socially engineered cyberattacks, including business email compromise, vendor impersonation, and deepfakes, which bypass traditional security measures by exploiting human trust. These attacks target vendor-facing roles and finance teams, manipulating trusted individuals and processes within complex, siloed financial systems. The rise of generative AI has further fueled the sophistication and scale of these threats.
Solution
Trustmi provides a Behavioral AI platform that protects the entire B2B payment lifecycle from socially engineered fraud. The platform integrates with existing financial systems, procurement workflows, and communication channels to analyze data in real-time, identifying anomalies and validating transactions before they cause financial harm. By correlating data across vendors, payments, emails, and financial documents, Trustmi detects sophisticated social engineering tactics that traditional security systems miss. The platform's automated payment fraud protection reduces manual effort and errors, ensuring payments are accurately directed to verified recipients without disrupting legitimate payment processes.
Target Audience
Trustmi targets finance and security leaders at enterprise companies who are responsible for protecting their organizations from financial fraud and ensuring compliance with payment security regulations.
Features
- Behavioral AI engine that analyzes user behavior and payment patterns to detect anomalies in real time
- Real-time data correlation across financial systems, email communications, and vendor onboarding processes
- Automated payment fraud protection for the entire B2B payment lifecycle
- Integration with existing ERP, procurement, and banking systems via API
- Vendor risk scoring and continuous monitoring to identify compromised or high-risk vendors
- Real-time alerts and notifications for suspicious payment activity
- Customizable rule engine to define and enforce payment security policies
- Comprehensive reporting and audit trails for compliance and fraud investigation