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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

FinTech

Sony and LEGO invest TWO MILLION DOLLARS in Epic Games – makers of Fortnite

Sony and LEGO invest in Epic Games Sony Group Corporation and the KIRKBI holding company have invested a combined $2 billion in Epic Games,...

Gerald MillerApril 13, 2022

AITech

How to do a better job of finding a disruptive idea: AI helps capitalize Deep Tech startups

Technology is the main driver of modern business. Everyone agrees on this: just compare the capitalization figures of the biggest IT companies with those...

Gerald MillerApril 13, 2022

BioTech

InnovateNow: New EATE programme to strengthen the start-up innovative business ecosystem

The Hellenic Development Investment Bank (EATE – pre-TANEO) is implementing a new programme to support innovative Greek start-ups through resources from the Resilience and...

Gerald MillerApril 12, 2022

FinTech

Mitsotakis: Greece enters a new era – Recovery in 2021 more dynamic than expected

“The recovery of the Greek economy in 2021 was even stronger than expected and will exceed pre-pandemic levels by the end of the year.”...

Gerald MillerApril 12, 2022

FinTech

Marta Kutyna-Bakalarska (Maspex): We are looking for startups that will allow us to reduce water consumption, energy and waste production

It’s not that big Polish companies cooperate with startups as a rule, at Maspex you didn’t do it for a long time either, and...

Gerald MillerApril 12, 2022

FinTech

Ant Group – the unicorn with the largest funding in history killed by regulation?

Photo: JD Lasica from Pleasanton, CA, US, CC BY 2.0 <https://creativecommons.org/licenses/by/2.0>, via Wikimedia Commons Alipay, or the dispute between American, Japanese and Chinese companies...

Gerald MillerApril 12, 2022

FinTech

The 5 most interesting trends in the construction industry as seen by BinderLess

They are one of the few Polish startups operating in the contech industry. As they said during our previous conversation, this is a difficult...

Gerald MillerApril 11, 2022

FinTech

Nest Bank will enable account opening with selfie and undergoes rebranding

Bank account opened with a selfie Nest Bank has completely changed the design of its online banking and mobile application – the color scheme...

Gerald MillerApril 11, 2022

FinTech

Laven raised PLN 3.8 million to further develop complementary health insurance

Complementary health policies offered by Laven cover up to more than 120 innovative medical technologies that are not reimbursed by the National Health Fund,...

Gerald MillerApril 10, 2022

FinTech

Digital and presidential elections: what do the candidates propose?

This Wednesday, March 9, ten associations from the French technology scene organized a unique event in the digital sector* in the run-up to the...

Gerald MillerApril 10, 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

FinTech

Sony and LEGO invest TWO MILLION DOLLARS in Epic Games – makers of Fortnite

AITech

How to do a better job of finding a disruptive idea: AI helps capitalize Deep Tech startups

BioTech

InnovateNow: New EATE programme to strengthen the start-up innovative business ecosystem

FinTech

Mitsotakis: Greece enters a new era – Recovery in 2021 more dynamic than expected

FinTech

Marta Kutyna-Bakalarska (Maspex): We are looking for startups that will allow us to reduce water consumption, energy and waste production

FinTech

Ant Group – the unicorn with the largest funding in history killed by regulation?

FinTech

The 5 most interesting trends in the construction industry as seen by BinderLess

FinTech

Nest Bank will enable account opening with selfie and undergoes rebranding

FinTech

Laven raised PLN 3.8 million to further develop complementary health insurance

FinTech

Digital and presidential elections: what do the candidates propose?

Trending

HealthTech

The Top 5 Mental Health Startups in Germany

FinTech

Non-business style: businessmen and top managers with tattoos

AdTech

Eastern European Startup Uses Big Data To Automate PR

EdTech

The top 5 mental health startups in Europe