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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

How to value a company?

What is the valuation of a company? The valuation of a company consists in carrying out an evaluation of its economic value. This evaluation...

Gerald MillerMarch 23, 2022

Crypto / Blockchain / Web3

The largest crypto exchange in the Nordic countries is coming to Denmark

140,000 Norwegians have already invested in cryptocurrencies through the Firi crypto exchange. This summer, Danes can also start trading on the Norwegian platform. Soon,...

Gerald MillerMarch 22, 2022

FinTech

Buying back shares: the guide to follow

Conditions, procedure, consequences and financing of a share buyback. Here are all the points you need to consider before taking the plunge. What is...

Gerald MillerMarch 22, 2022

AdTech

How do you build a team that survives a crisis? Start by examining your DNA

A few weeks ago we conducted a survey on our portal concerning the reasons for resignation from work. 41% indicated that the salary was...

Gerald MillerMarch 21, 2022

FinTech

What will life and work look like in the metaverse era? Special issue of Firmament

Will virtual life be better than offline life? These questions will be answered by the guests of Firmament. The program will be hosted by...

Gerald MillerMarch 20, 2022

Crypto / Blockchain / Web3

DeFi – is a revolution in the financial market coming?

DeFi as a key development in the cryptocurrency sector DeFi may prove to be the most important trend in the cryptocurrency market in 2022....

Gerald MillerMarch 19, 2022

AITech

Working towards a safe society. Startups help meet the UN Sustainable Development Goals (Part 8)

In dealing with new challenges, such as cyberbullying, we now have the opportunity to use tools that are relevant to it. We are talking...

Gerald MillerMarch 19, 2022

AgriTech

Are you developing a startup in the agrifood sector or have an innovative idea that needs support? Apply to EIT Food programs!

EIT Food is part of the European Institute of Innovation and Technology (EIT), an independent European Union body established in 2008 and consisting of...

Gerald MillerMarch 18, 2022

Cybersecurity

Cyber attacks during a pandemic. How to protect your company and employees from them?

The biggest problem most workers face is not knowing they could be victims of a cyber attack. The truth, however, is that non-technical employees...

Gerald MillerMarch 16, 2022

FinTech

Damian Borkowski (Fudo Security): It may take months before a cyber attack is discovered

The Prime Minister extended the third level of alert CHARLIE-CRP in force since February 21, it will be in force at least until March...

Gerald MillerMarch 15, 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

How to value a company?

Crypto / Blockchain / Web3

The largest crypto exchange in the Nordic countries is coming to Denmark

FinTech

Buying back shares: the guide to follow

AdTech

How do you build a team that survives a crisis? Start by examining your DNA

FinTech

What will life and work look like in the metaverse era? Special issue of Firmament

Crypto / Blockchain / Web3

DeFi – is a revolution in the financial market coming?

AITech

Working towards a safe society. Startups help meet the UN Sustainable Development Goals (Part 8)

AgriTech

Are you developing a startup in the agrifood sector or have an innovative idea that needs support? Apply to EIT Food programs!

Cybersecurity

Cyber attacks during a pandemic. How to protect your company and employees from them?

FinTech

Damian Borkowski (Fudo Security): It may take months before a cyber attack is discovered

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