Creednz

Established in 2022, Creednz is an Israeli startup with headquarters in Herzliya and a presence in Miami, operating as a fraud and risk management platform for businesses. The company was co-founded by CEO Johnny Deutsch, the former Chief Information Security Officer (CISO) at Rivian Motors, and CTO Moshe Elgressy, a serial entrepreneur with extensive experience in the cybersecurity sector, including ventures like DataLayers and SecureNative. The founders were motivated to start Creednz after witnessing the significant impact of payment fraud on businesses.

Creednz specializes in B2B fraud prevention technology, targeting corporate finance departments and their CFOs to protect against fraudulent transactions. The company's mission is to safeguard corporate finances by preventing B2B payment scams. Its platform utilizes artificial intelligence and machine learning to analyze financial data, identify suspicious activities, and flag potential security threats. By leveraging untapped corporate finance data from sources like ERP systems and bank account movements, the system detects anomalies and deviations from normal transactional behavior. This approach is designed to proactively identify and prevent risks such as internal fraud, data corruption, and external threats like vendor impersonation.

The company offers a suite of services aimed at modernizing risk and compliance for corporate finance. These services include global bank account validation, master vendor data cleanup, payment run protection, and continuous supply chain risk assessment. By monitoring the entire payment lifecycle, from vendor creation onwards, Creednz aims to make the process more transparent and secure. The platform provides real-time, informed payment decisions by enriching internal financial data with external intelligence. In September 2023, Creednz announced it had raised $7 million in a Series A funding round led by Blumberg Capital, with participation from Elron Ventures and Moneta VC, to support team growth and product development.

Keywords: B2B fraud prevention, financial security, risk management, compliance, payment protection, corporate finance, transaction monitoring, cybersecurity, fintech, fraud detection, supply chain security, vendor validation, ERP security, AI in finance, machine learning, Johnny Deutsch, Moshe Elgressy, Blumberg Capital, Elron Ventures, Moneta VC