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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

Opstart is six years old and announces the entry of Banca Valsabbina in the company structure

Opstart welcomes Banca Valsabbina in the world of crowdfunding and in its corporate structure: the Brescia-based bank acquires in fact 9% of the capital,...

Gerald MillerApril 1, 2022

CleanTech

Digital Manuals and Educational Materials in XR Could Be the Industry’s Next Must Have

XR technology already helps large companies inspect, maintain and repair machinery and buildings. But will technology in the future become indispensable across the value...

Gerald MillerMarch 31, 2022

FinTech

Uncle Sam’s country remains the grail for French entrepreneurs

There are many ways to support innovative companies and start-ups in France. Whether it’s a research tax credit, an innovation tax credit, a seed...

Gerald MillerMarch 31, 2022

CleanTech

Digital manuals and training materials in XR could be the industry’s next must-have

XR technology is already helping large companies inspect, maintain and repair machinery and buildings. But will the technology become indispensable across the value chain...

Gerald MillerMarch 30, 2022

FinTech

Founders Agreement in a startup. What does it consist of?

Benefits of writing a founders’ agreement A founders’ agreement is written for bad times, i.e. it is an excellent form of protection if a...

Gerald MillerMarch 29, 2022

FinTech

How to legally employ an employee from Ukraine?

Many employers waited with interest for the law on assistance to citizens of Ukraine in connection with the armed conflict on the territory of...

Gerald MillerMarch 28, 2022

Cybersecurity

Secfense has raised more than $2 million. Among RKKVC investors

Secfense, a Polish-American cybersecurity company, has raised $2 million in an investment round from Tera VC, Presto Ventures and RKKVC. Secfense’s mission is to...

Gerald MillerMarch 24, 2022

FinTech

Worksmile has been granted Small Payment Institution status. From now on, cash becomes a benefit

The Worksmile ecosystem is currently used by over 180,000 users who have access to numerous services and products, as well as innovative solutions that...

Gerald MillerMarch 24, 2022

AITech

The initiatives that accelerate investment in Greek start-ups

How feasible is it considered as a goal for the Greek start-up ecosystem to triple its capitalization from 5 or 6 billion euros today...

Gerald MillerMarch 23, 2022

FinTech

Registration of limited liability company – online registration of limited liability company

What is a limited liability company? Limited liability company belongs to the category of capital companies and its full legal regulation can be found...

Gerald MillerMarch 23, 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

Opstart is six years old and announces the entry of Banca Valsabbina in the company structure

CleanTech

Digital Manuals and Educational Materials in XR Could Be the Industry’s Next Must Have

FinTech

Uncle Sam’s country remains the grail for French entrepreneurs

CleanTech

Digital manuals and training materials in XR could be the industry’s next must-have

FinTech

Founders Agreement in a startup. What does it consist of?

FinTech

How to legally employ an employee from Ukraine?

Cybersecurity

Secfense has raised more than $2 million. Among RKKVC investors

FinTech

Worksmile has been granted Small Payment Institution status. From now on, cash becomes a benefit

AITech

The initiatives that accelerate investment in Greek start-ups

FinTech

Registration of limited liability company – online registration of limited liability company

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