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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

What recruiters really want from candidates

But this is not the only thing we should take into account when constructing the perfect CV. Experience and hard data count It is...

Gerald MillerApril 5, 2022

AdTech

Bank Pekao S.A. has almost 3 thousand internal innovators thanks to crowdsourcing

Bank Pekao S.A. Innovation Lab engages the bank’s community of employees to co-create new solutions through internal crowdsourcing. This is a process in which...

Gerald MillerApril 4, 2022

FinTech

Netguru acquires minority stake in Pilot44, a San Francisco-based innovation studio

– Recent years have shown how rapidly the market is changing, followed by customer needs. The pace of digitization and the need for rapid...

Gerald MillerApril 4, 2022

FinTech

In one month, French start-ups have raised a quarter of the 2021 investments

In just one month and 73 deals, French startups have raised 25% of the total funds raised over the year 2021, or €2,621 million....

Gerald MillerApril 3, 2022

Crypto / Blockchain / Web3

What if it was the Roman Empire that taught us the most about what an NFT is?

But what’s behind this term, which is today the preserve of the geek/crypto community? Much more than a digital work of art or a...

Gerald MillerApril 2, 2022

Crypto / Blockchain / Web3

Fine wine does not suffer the crisis (+23%). And now also NFT: limited edition bottles on the blockchain

The super rich are betting on fine wine as a primary investment asset. According to the authoritative Knight Frank Luxury Investment Index, in fact,...

Gerald MillerApril 2, 2022

FinTech

As many as 81 percent of manufacturing companies have been negatively impacted by the war in Ukraine, and in 12 percent production has been completely halted

– At Prodio, we talk to our customers every day – micro and medium-sized companies using our innovative production management and control software, from...

Gerald MillerApril 1, 2022

FinTech

How do you create and run a business that is resilient to cyber attacks? Welcome to Firmament

Every business is vulnerable to attacks from cybercriminals. How to recognize them, how to defend against them, and how to organize the company to...

Gerald MillerApril 1, 2022

FinTech

Call from Startup Central founder: the entrepreneurial dream should not die in the bank

It is not easy to be allowed to contribute to society and earn money. Time and time again you get beaten up by the...

Gerald MillerApril 1, 2022

EdTech

Luis von Ahn (Duolingo): “Duolingo will launch a math learning app”

JDN. How was Duolingo born? Luis von Ahn is CEO of Duolingo. LEEANN K PHOTOGRAPHYLuis von Ahn (Duolingo)Duolingo was born in 2011 when I...

Gerald MillerApril 1, 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

What recruiters really want from candidates

AdTech

Bank Pekao S.A. has almost 3 thousand internal innovators thanks to crowdsourcing

FinTech

Netguru acquires minority stake in Pilot44, a San Francisco-based innovation studio

FinTech

In one month, French start-ups have raised a quarter of the 2021 investments

Crypto / Blockchain / Web3

What if it was the Roman Empire that taught us the most about what an NFT is?

Crypto / Blockchain / Web3

Fine wine does not suffer the crisis (+23%). And now also NFT: limited edition bottles on the blockchain

FinTech

As many as 81 percent of manufacturing companies have been negatively impacted by the war in Ukraine, and in 12 percent production has been completely halted

FinTech

How do you create and run a business that is resilient to cyber attacks? Welcome to Firmament

FinTech

Call from Startup Central founder: the entrepreneurial dream should not die in the bank

EdTech

Luis von Ahn (Duolingo): “Duolingo will launch a math learning app”

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HealthTech

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