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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

AdTech

zrzutka.pl launches #RAZEMforUKRAINE collection

Unfortunately, the black scenario came true, and this morning our neighbor, Ukraine, was militarily attacked by Russia. Many of us think that we cannot,...

Gerald MillerMarch 1, 2022

FinTech

Startup of the week: Famly has developed an app you’d rather not spend time on

Play agreements. Excursions. Staff salaries. Invoices. With the Famly platform, daycare centres across Europe spend less time on administration and more time with their...

Gerald MillerMarch 1, 2022

FinTech

Digital transformation, 65% of companies have increased investments and it’s a global boom (+140% in 2026): Italy only 19th in Europe ahead of France and UK

The pandemic has abruptly increased the adoption of digital technologies by companies to adapt existing business models to the new global economic environment. It’s...

Gerald MillerMarch 1, 2022

FinTech

Lions left startup shortly after investment: now the ‘box’ has become a profit-making business

Mia Wagner and Jan Lehrmann apparently lost faith that erotic subscription boxes could be a good business. But now L’amourbox has turned three years...

Gerald MillerFebruary 28, 2022

E-commerce

Startup News KW 35 | Germany’s Digital Divide

SHOWZ creates brand experiences with AI in Berlin-Mitte showroom Buhl and Shopify enter into cooperation Apelona takes over technical FM for public buildings in...

Gerald MillerFebruary 28, 2022

FinTech

French start-ups raised €800 million in April 2021

French start-ups raised €800 million in April, buoyed by several large-scale operations and a high number of deals (60). With three of the month’s...

Gerald MillerFebruary 28, 2022

CleanTech

Carbon footprint: 8 levers that allow companies to reduce their environmental impact

A few days after the celebration of Earth Day, an awareness-raising initiative first launched in the 1970s, it still seems difficult to reconcile the...

Gerald MillerFebruary 27, 2022

FinTech

Search engine advertising: How it works

Every website owner wants as many visitors as possible to come to his website. The possibilities of SEA and SEO are great tools for...

Gerald MillerFebruary 26, 2022

FinTech

French start-ups raised €545 million in March 2021

French startups performed well in March 2021, with €545 million raised in venture capital across 57 rounds. Retail was the most popular sector for...

Gerald MillerFebruary 26, 2022

FinTech

Demas: 533 start-ups have completed their registration in Elevate Greece

“Elevate Greece has completed the registration of 533 start-ups, which employ more than 5,000 people. In other words, for the first time we have...

Gerald MillerFebruary 25, 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

AdTech

zrzutka.pl launches #RAZEMforUKRAINE collection

FinTech

Startup of the week: Famly has developed an app you’d rather not spend time on

FinTech

Digital transformation, 65% of companies have increased investments and it’s a global boom (+140% in 2026): Italy only 19th in Europe ahead of France and UK

FinTech

Lions left startup shortly after investment: now the ‘box’ has become a profit-making business

E-commerce

Startup News KW 35 | Germany’s Digital Divide

FinTech

French start-ups raised €800 million in April 2021

CleanTech

Carbon footprint: 8 levers that allow companies to reduce their environmental impact

FinTech

Search engine advertising: How it works

FinTech

French start-ups raised €545 million in March 2021

FinTech

Demas: 533 start-ups have completed their registration in Elevate Greece

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