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StartupMafia – News from startup industry

Veriff Acquires Vespia: Bringing KYB to the Next Level

Veriff Acquires Vespia: Bringing KYB to the Next Level

Veriff, a global leader in identity verification, has announced the acquisition of Vespia, a KYB (Know Your Business) startup focused on fast, scalable business...

Nastya ZelenovskaFebruary 5, 2026

London’s FALKIN raises €1.7M to fight scams before they happen As AI-driven scams surge across Europe, London-based digital safety startup FALKIN has raised €1.7 million ($2 million) in pre-seed funding to stop fraud before it starts. The round was led by TriplePoint Ventures, with backing from Notion Capital, BackFuture Ventures, Aviva/Founders Factory, Haatch, Found Capital, and Founders Capital. Individual investors include fintech veterans Pierre Decote, Group Chief Risk Officer at Revolut, and Ben Enckevort, CTO and co-founder of Metomic. Shifting protection from payments to persuasion “The new battlefield isn’t payments – it’s persuasion,” said Boaz Valkin, co-founder of FALKIN. “Protection has to move earlier, to the moment before someone clicks, replies, or transfers. We’re turning AI from a weapon of deception into a tool for defense.” Founded in 2024, FALKIN builds embedded AI tools that detect manipulation and deception before a transaction ever takes place. Instead of monitoring fraud after money moves, the company integrates real-time behavioral analysis directly into banking and customer-service apps, helping financial institutions prevent scams at the source. According to co-founder and COO Joel Frisch, “Modern scams are sophisticated, and no single red flag tells the whole story. The key is to analyze all the signals that reveal deception to build a complete picture. When we embed that intelligence inside the banking apps people already trust, protection becomes effortless.” A growing European battle against AI-enabled fraud FALKIN’s funding comes amid a broader wave of investment in anti-fraud innovation. Across Europe, startups like Hawk (Germany), Resistant AI (Czechia), and Acoru (Spain) have collectively raised over €80 million this year to tackle rising financial crime driven by AI. A recent EU-Startups report found that AI-related fraud losses in Europe have surpassed €1.3 billion, as deepfakes, voice cloning, and synthetic identity attacks become mainstream tools for scammers. “AI has blurred the line between what’s real and what’s fake, and traditional systems aren’t built for that reality,” said Sam Stone of TriplePoint Ventures. “FALKIN’s vision to make proactive safety universal has the potential to redefine digital trust.” The invisible enemy Scams now represent one of the fastest-growing financial threats worldwide. Deloitte projects that U.S. losses from authorized push payment fraud could hit €12.9 billion ($15 billion) by 2028, while the U.K. saw over seven million victims last year—most of whom never reported the crime. Despite heavy investment in fraud detection, most tools still activate after funds have left an account. FALKIN’s approach moves protection upstream, targeting the psychological manipulation that precedes scams. Early trials with bank innovation teams and tens of thousands of users across the U.S. and U.K. have shown promising results: 78% of users reported feeling safer online, and over half said prevention was more valuable than reimbursement. Next steps: embedding safety everywhere The fresh capital will accelerate hiring, product development, and financial-institution integrations, as well as support the launch of Safety Labs — a program helping community banks and credit unions deploy scam-prevention tools with minimal technical effort. FALKIN is also expanding its integration ecosystem, allowing financial institutions to embed digital safety layers across customer journeys and communication systems. “Scammers are using AI to scale deception,” Valkin said. “We’re using it to scale trust.”

FinTech

London’s FALKIN raises €1.7M to fight scams before they happen

London-based digital safety startup FALKIN has raised €1.7 million ($2 million) in pre-seed funding to stop scams before they start, as banks and consumers...

Gerald MillerNovember 11, 2025

FinTech

Stockholm’s Grasp raises €6M to automate the manual grind in finance and consulting

Stockholm-based AI startup Grasp has secured €6 million in Series A funding to accelerate development of its multi-agent platform that automates the analytical and...

Gerald MillerOctober 28, 2025

Notion Capital expands focus on AI-driven software and FinTech

AdTech

Notion Capital Closes €114M Growth Fund to Double Down on AI and FinTech Scaleups

London-based VC firm Notion Capital has closed a new €114 million fund as it sharpens its focus on AI-driven software and FinTech startups across...

Gerald MillerSeptember 30, 2025

AdTech

Aarhus Townhall resurrected with record number of participants

The startup ecosystem is thriving in Aarhus. This was evident at yesterday’s Aarhus Townhall, where 500 startups, investors and ecosystem players filled the sold-out...

Gerald MillerApril 27, 2022

FinTech

Startup of the week will be matchmaker between companies and software vendors

For many businesses, finding the right software solution can be a jungle. If you Google, you’ll be greeted with countless ads, and if you...

Gerald MillerApril 27, 2022

FinTech

How does SEO-SaaS work in Ukraine in times of war?

What is Serpstat? Facts & Figures Serpstat is an all-in-one SEO platform that helps you analyze competition, research keywords, track rankings in search results,...

Gerald MillerApril 26, 2022

FinTech

Key profiles with valuable experience are the path to growth at Uniqkey

Early in its growth journey, Uniqkey invested in attracting experienced profiles to mature the startup quickly. This has now snowballed, with the talented team...

Gerald MillerApril 26, 2022

AITech

DeepL: translation software developers who challenged Google

DeepL is an example of a major startup success story: present in the EU, US, Canada and Japan, garnering great reviews, including this one...

Gerald MillerApril 25, 2022

AdTech

Adam Czyż (Nofsza): We had to turn thinking about lotteries upside down – we needed technology

You have created a solution that helps to organize consumer sweepstakes. How exactly does it work and what is the Brand Activation Balance methodology...

Gerald MillerApril 25, 2022

FinTech

REDD raises $1.5 million to advance AI technology in Proptech sector

The company managed by Tomasz Ogrodzki and Piotr Smagała intends to use AI technology to revise the foundations of the commercial real estate capital...

Gerald MillerApril 24, 2022

FinTech

TechCommunity: Donkey Republic did it right when they turned COVID-19 downturn into growth

Crises, as we know, separate the sheep from the goats. Even though Donkey Republic’s 2020 financial statements showed a significant drop in revenue, the...

Gerald MillerApril 24, 2022

FinTech

10 million customer conversations with voicebots of PKO Bank Polski

– PKO Bank Polski is the undisputed leader of Polish banking in the field of understanding and processing natural language. We are constantly developing...

Gerald MillerApril 23, 2022

AdTech

Victoria Gerukh (uTrigg): falling bombs cause our business engagement to increase 500%

Our interviewees are Victoria Gerukh (uTrigg), Denys Okrimenko (Time for Machine) and Dmitry Norenko (upSWOT). Their stories perfectly show that despite the war, cooperation...

Gerald MillerApril 22, 2022

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StartupMafia – News from startup industry

FinTech

Veriff Acquires Vespia: Bringing KYB to the Next Level

FinTech

London’s FALKIN raises €1.7M to fight scams before they happen

FinTech

Stockholm’s Grasp raises €6M to automate the manual grind in finance and consulting

AdTech

Notion Capital Closes €114M Growth Fund to Double Down on AI and FinTech Scaleups

AdTech

Aarhus Townhall resurrected with record number of participants

FinTech

Startup of the week will be matchmaker between companies and software vendors

FinTech

How does SEO-SaaS work in Ukraine in times of war?

FinTech

Key profiles with valuable experience are the path to growth at Uniqkey

AITech

DeepL: translation software developers who challenged Google

AdTech

Adam Czyż (Nofsza): We had to turn thinking about lotteries upside down – we needed technology

FinTech

REDD raises $1.5 million to advance AI technology in Proptech sector

FinTech

TechCommunity: Donkey Republic did it right when they turned COVID-19 downturn into growth

FinTech

10 million customer conversations with voicebots of PKO Bank Polski

AdTech

Victoria Gerukh (uTrigg): falling bombs cause our business engagement to increase 500%

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HealthTech

The Top 5 Mental Health Startups in Germany

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The top 5 mental health startups in Europe