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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

We use trends to work on innovations – Paulina Ignatowska-Zaremba (Bank Pekao S.A.)

Paulina Ignatowska-Zaremba is an innovation design expert at Bank Pekao S.A.. She develops materials on the future of the banking sector and finance, and...

Gerald MillerApril 9, 2022

FinTech

How attracting investment capital is changing the research landscape in Greece

The next revolution in technology belongs to the development of quantum mechanics, where Greece today has greater research achievements than the leader in this...

Gerald MillerApril 8, 2022

AdTech

How does the Ukrainian IT business work and help during the war? The former editor-in-chief of Forbes.ua tells us

Please tell us a little about yourself and your work. Oleksandr Ruban: In the past I was a journalist, I also headed the “Finance”...

Gerald MillerApril 8, 2022

FinTech

Gaviti has raised $9 million in a Series A round. FinTech creates debt collection software

Yan Lazarev, co-founder and CEO of Gaviti, reported that the company’s customers recovered $6.2 billion in 2021 thanks to the platform. The process of...

Gerald MillerApril 8, 2022

FinTech

How three business travel start-ups overcame the crisis

Only 8% of European travelers expect to resume business travel at the same pace and with the same habits as before the health crisis,...

Gerald MillerApril 8, 2022

FinTech

Simple joint stock company – an opportunity for startups?

A company for one zloty The procedure related to establishing a simple joint-stock company is modelled on a limited liability company. Similarly as in...

Gerald MillerApril 7, 2022

FinTech

The payment experience must be as seamless as possible: “Those who crack the code and make it simple for the consumer win”

Although payment is only a small part of the buying experience, it needs to be quick and smooth if the company doesn’t want to...

Gerald MillerApril 7, 2022

FinTech

French start-ups slow down and raise less than €800 million in February

January’s mega-raises have given way to more modest deals. In February, French start-ups raised €747.92 million in 81 deals, about 70% less than the...

Gerald MillerApril 7, 2022

FinTech

Financing innovation: are business leaders putting the state on trial?

In other words, they criticize the government for not putting enough money in their pockets to help them with their innovation projects. This criticism...

Gerald MillerApril 6, 2022

FinTech

ING Bank Śląski launches a competition for start-ups and young scientists. It has PLN 1 million for them

The first edition of the competition organized by ING Bank Śląski is addressed to start-ups and scientists who create solutions in the area of...

Gerald MillerApril 5, 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

We use trends to work on innovations – Paulina Ignatowska-Zaremba (Bank Pekao S.A.)

FinTech

How attracting investment capital is changing the research landscape in Greece

AdTech

How does the Ukrainian IT business work and help during the war? The former editor-in-chief of Forbes.ua tells us

FinTech

Gaviti has raised $9 million in a Series A round. FinTech creates debt collection software

FinTech

How three business travel start-ups overcame the crisis

FinTech

Simple joint stock company – an opportunity for startups?

FinTech

The payment experience must be as seamless as possible: “Those who crack the code and make it simple for the consumer win”

FinTech

French start-ups slow down and raise less than €800 million in February

FinTech

Financing innovation: are business leaders putting the state on trial?

FinTech

ING Bank Śląski launches a competition for start-ups and young scientists. It has PLN 1 million for them

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The Top 5 Mental Health Startups in Germany

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Eastern European Startup Uses Big Data To Automate PR

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The top 5 mental health startups in Europe