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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

Sweden’s next app success secured further funding

After the House:ID app (which helps homeowners keep track of everything from interest rates and insurance terms to renovation receipts, material costs and energy...

Gerald MillerFebruary 22, 2022

AdTech

Yabie to increase turnover by over 500 percent by 2021

The fast-growing fintech company Yabie AB (publ.) increased its net sales by 519 percent in the financial year 2021 compared to the previous year....

Gerald MillerFebruary 22, 2022

FinTech

Eurobank – egg – enter-grow-go: Support the National Register of Start-ups “Elevate Greece”

H Eurobank, Official Supporter of the National Register of Young Entrepreneurs – Elevate Greece of the Ministry of Development & Investments, and the egg...

Gerald MillerFebruary 22, 2022

AgriTech

Tsakiris: A record year for the Greek startup scene in 2021 – More than €200 million in capital will be provided.

2021 was a record-breaking year for the ever-growing Greek startup scene and it seems that a new wave of startups is being created that...

Gerald MillerFebruary 22, 2022

FinTech

Adam Jesionkiewicz: Astrography was never meant to be a big company. I’m surprised by its phenomenon myself (podcast)

Adam Jesionkiewicz has been known on the startup scene for a long time. In 2013, he founded a startup called Ifinity Group, which brought...

Gerald MillerFebruary 22, 2022

AgriTech

Agri-food: “On the table” package of measures to support startups (charts)

Agri-food start-ups occupy the fourth place, in terms of population, in the National Register – Elevate Greece and the aim of the Ministry of...

Gerald MillerFebruary 21, 2022

FinTech

Rewards for eco-choices – learn about the Greencoin idea and join the Gdansk project!

Many technologies, few effects “It quickly became apparent that there was no shortage of sustainable technologies in the world. However, the dissonance between the...

Gerald MillerFebruary 21, 2022

FinTech

Over 580 start-ups in the ElevateGreece Registry

More than 580 start-ups have been registered in the National Register during the first month of operation of ElevateGreece, which is the main electronic...

Gerald MillerFebruary 20, 2022

AdTech

We reached 400 000 downloads! Summary of the year Scramjet

You are reading the article from the series in which Polish startups, technology companies and venture capital funds sum up 2021. In 2021 we...

Gerald MillerFebruary 20, 2022

EdTech

Dr. Anna Masłoń-Oracz (SGH): When I talk about the startup ecosystem in Africa, people grab their heads. Wrong!

This text is the fruit of conversations we had with Polish startups who had their business in Africa, but also with experts – Dr...

Gerald MillerFebruary 20, 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

Sweden’s next app success secured further funding

AdTech

Yabie to increase turnover by over 500 percent by 2021

FinTech

Eurobank – egg – enter-grow-go: Support the National Register of Start-ups “Elevate Greece”

AgriTech

Tsakiris: A record year for the Greek startup scene in 2021 – More than €200 million in capital will be provided.

FinTech

Adam Jesionkiewicz: Astrography was never meant to be a big company. I’m surprised by its phenomenon myself (podcast)

AgriTech

Agri-food: “On the table” package of measures to support startups (charts)

FinTech

Rewards for eco-choices – learn about the Greencoin idea and join the Gdansk project!

FinTech

Over 580 start-ups in the ElevateGreece Registry

AdTech

We reached 400 000 downloads! Summary of the year Scramjet

EdTech

Dr. Anna Masłoń-Oracz (SGH): When I talk about the startup ecosystem in Africa, people grab their heads. Wrong!

Trending

HealthTech

The Top 5 Mental Health Startups in Germany

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Non-business style: businessmen and top managers with tattoos

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Eastern European Startup Uses Big Data To Automate PR

EdTech

The top 5 mental health startups in Europe