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Trustmi combats B2B payment fraud with global launch

By Delisha Fernandes

July 31, 2023

  • B2B payment
  • Cyberattacks
  • FinTech Israel
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TrustmiTrustmi, an Israel-based end-to-end payment security solution, has announced its launch as a business payment security leader.

The cyber-security FinTech company offers an intuitive, end-to-end solution that helps businesses protect their bottom line by eliminating losses from cyberattacks, internal collaboration, and human error, ensuring payments go to the right place.

“We’re not just a platform – we’re your partner for winning and gaining the trust of businesses is in our DNA,” said Shai Gabay, co-founder and CEO of Trustmi. “Our ambition as a company is to take the lead and redefine the global security market, leveraging our full potential to address this critical challenge. Today, we save our clients millions by preventing financial losses and optimising money transfer processes.”

B2B payment fraud has become the most vulnerable attack surface in recent years, with billions of dollars lost in business email compromise yearly. Reports have shown that a vast majority of US-based companies have been hit by business payment fraud, and the problem is expected to continue to grow.

Trustmi takes a holistic approach to overcoming the fragmentation of payment processes by providing a flexible solution that seamlessly integrates into existing organisational workflows. The platform offers businesses optimal protection to avoid significant financial losses by connecting all the data across the payment process to detect and eliminate future fraud and errors.

Trustmi also utilises a unique trust network that unites robust crowd-sourced data from thousands of vendors and businesses, further uncovering vulnerabilities and detecting suspicious signals to maximise protection for business payments.

“We know that safeguarding business payments is not a one-size-fits-all approach,” said Eli Ben-Nun, co-founder and CTO of Trustmi. “At Trustmi, we don’t impose changes on your payment process – we enhance it. Our core mission is empowering businesses to effortlessly secure vendor payments without disrupting their workflows.”

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