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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

French startups raised €1.5 billion in May 2021

It’s mega-fundraising season for French start-ups. They have raised 1.5 billion euros, a rare performance, in May, via 60 rounds of financing. This is...

Gerald MillerMarch 5, 2022

FinTech

Coeo’s digital community platform a new opportunity for the meetings industry

Umeå-based start-up Coeo began developing a platform for digital meetings even before the pandemic. As face-to-face meetings were quickly replaced by webinars, customers flooded...

Gerald MillerMarch 4, 2022

E-commerce

KROSS is the first bicycle manufacturer in Central and Eastern Europe to offer electric cargo bikes

Electric cargo bikes are gaining huge popularity across Europe. It is the fastest growing bicycle sector. In Germany, for example, it grew by 40%...

Gerald MillerMarch 4, 2022

FinTech

Important tips for creating a business plan for an organic supermarket

The issue of sustainability is becoming increasingly important. People are shopping more consciously and prefer products from organic farming, especially when it comes to...

Gerald MillerMarch 4, 2022

FinTech

Top 5 Mental Health Startups in the U.S.

Mental health startups are becoming increasingly relevant in our society as they draw attention to arguably one of the most veiled taboo topics in...

Gerald MillerMarch 4, 2022

BioTech

Special model LifeScience start-ups – How they succeed and why they are different from usual start-ups

Founding a biotech company is a special challenge. The development of active medical ingredients through chemical or biotechnological processes as well as the development...

Gerald MillerMarch 3, 2022

FinTech

Fundraising: the tree that hides the forest

This highlight contrasts with the obscurity in which the tax incentives for innovation (CIR/CII/JEI) remain plunged. However, these measures are worth 7 billion euros...

Gerald MillerMarch 3, 2022

FinTech

iNajem.pl launched a share issue. It will reach for nearly PLN 600 000 for the development of an application for the management of premises for rent.

Marcin Rybinski is an entrepreneur with 25 years of experience in direct marketing, accounting, IT and property development. He is an advocate of investing...

Gerald MillerMarch 2, 2022

AdTech

Ryszard Szopa (Affirm): Poland has great potential to become a center of fintech innovation

Why did Affirm decide to open an office in Warsaw and not, for example, in London, which is quite obviously associated with fintech companies...

Gerald MillerMarch 2, 2022

FinTech

Startup News KW 36 | Cooperation VW Software CARIAD with expertlead

This week (36), the topics include the new cooperation between VW software company CARIAD and HR tech company expertlead and the future of Berlin...

Gerald MillerMarch 2, 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

French startups raised €1.5 billion in May 2021

FinTech

Coeo’s digital community platform a new opportunity for the meetings industry

E-commerce

KROSS is the first bicycle manufacturer in Central and Eastern Europe to offer electric cargo bikes

FinTech

Important tips for creating a business plan for an organic supermarket

FinTech

Top 5 Mental Health Startups in the U.S.

BioTech

Special model LifeScience start-ups – How they succeed and why they are different from usual start-ups

FinTech

Fundraising: the tree that hides the forest

FinTech

iNajem.pl launched a share issue. It will reach for nearly PLN 600 000 for the development of an application for the management of premises for rent.

AdTech

Ryszard Szopa (Affirm): Poland has great potential to become a center of fintech innovation

FinTech

Startup News KW 36 | Cooperation VW Software CARIAD with expertlead

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