Loading organizations...
Conduiit is a business-to-business cross-border payments specialist that enables corporate clients to send and receive international transactions across global financial networks from an undisclosed headquarters location. The financial technology company initially deployed its core payment infrastructure across Latin America, the United States, and Canada before expanding its operational footprint into various Asian markets. During late 2024 and early 2025, the enterprise executed a strategic expansion into the African continent to capture growing regional demand for commercial remittance and settlement services. While specific financial metrics regarding total funding raised, assets under management, or corporate valuation remain undisclosed, the platform has reported significant transaction traction within its newly established African corridors. The privately held financial technology organization was established in an undisclosed year and is currently led by co-founder and chief executive officer Kirill Gertman.
Conduiit has raised $1.0M across 1 funding round.
Conduiit has raised $1.0M in total across 1 funding round.
Conduiit has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in November 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2023 | $1M Seed | Aperture Venture Capital, Fiat Ventures | Hiro Mizushima, Collide Capital | Announced |
Conduit Ltd. is an international software company founded in 2005, best known initially for its controversial Conduit toolbar (widely flagged as adware and potentially unwanted software), which it spun off in 2013. Today, it operates a mobile development platform enabling users to build native and web apps for smartphones, with free app creation for its gallery but subscription fees for App Store or Google Play distribution.[1]
The platform targets developers and businesses seeking efficient mobile app creation, solving challenges in cross-platform development by simplifying native and web app production. While early growth stemmed from the toolbar business amid "Download Valley" adware monetization, post-2013 focus shifted to legitimate software tools, though no recent growth metrics are detailed in available data.[1]
Conduit Ltd. was founded in 2005 by Shilo, Dror Erez, and Gaby Bilcyzk in Israel, entering the "Download Valley" ecosystem of companies bundling adware with free software downloads.[1] From 2005 to 2013, its core product was the Conduit toolbar—a browser extension often criticized for difficult uninstallation, browser hijacking, and antivirus flagging as malware, generating revenue through ads and partnerships with malware distributors.[1]
A pivotal moment came in 2013 when Conduit spun off its toolbar division to refocus on enterprise software, launching its current mobile app development platform. This pivot distanced the company from its adware reputation, though it retained the Conduit name.[1]
Conduit rides the low-code/no-code mobile app development trend, where platforms democratize app creation amid rising demand for iOS/Android apps without deep coding expertise. Timing post-2013 pivot aligned with mobile-first explosion and app store dominance, favoring accessible tools over siloed native development.[1]
Market forces like developer shortages and cross-platform needs (e.g., React Native alternatives) work in its favor, though its adware legacy limits ecosystem influence compared to leaders like Flutter or Xamarin. It contributes marginally to indie app proliferation via its gallery but lacks visible integrations or community impact.[1]
(Note: Other "Conduit" entities exist—a defunct 2017-acquired medical documentation tool[2] and a stablecoin payments network[3][4]—but do not match the query's tech company description tied to toolbars/mobile platforms.[1])
Conduit's toolbar-to-mobile-platform evolution positions it as a redemption story in developer tools, but adware stigma and limited visibility hinder momentum against giants like AppGyver or Bubble. Next steps likely involve AI-enhanced app building or enterprise features to boost subscriptions.
Stablecoin and fintech trends could inspire payments integrations for app monetization, while regulatory scrutiny on app stores favors flexible platforms. Its influence may grow niche among bootstrapped devs if it sheds past baggage, circling back to enabling accessible mobile innovation despite a rocky start.[1]
Conduiit has raised $1.0M in total across 1 funding round.
Conduiit's investors include Aperture Venture Capital, Fiat Ventures, Hiro Mizushima, Collide Capital.
