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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 start-ups raised €458 million in January 2021

French startups attracted €458 million in venture capital investments in January through 60 deals. This represents a drop of more than 22% in funds...

Gerald MillerFebruary 17, 2022

FinTech

These preconditions play a role in the sale of your company

When is a deal in a business sale really good? Entrepreneurs who want to sell their business generally look first at the price, observes...

Gerald MillerFebruary 17, 2022

FinTech

Startup News KW 27 | Cousin of Elon Musk invests in German startup

Startup News of the Week Startup Camiedos wins first place in FIEGE Innovation Challenge Trisor places 15 million euro corporate bond with interest coupon...

Gerald MillerFebruary 17, 2022

FinTech

Alpha Bank: official supporter of Elevate Greece at the 85th Thessaloniki International Fair

As part of its initiatives to support start-up entrepreneurship and the innovation ecosystem, Alpha Bank participates as an official supporter of the government’s “Elevate...

Gerald MillerFebruary 17, 2022

FinTech

InterNeosys research: The “mapping” of Greek startups, concerns and opportunities

Start-ups, which are mainly active in the technology sector, started to receive a lot of publicity at the beginning of the last decade. On...

Gerald MillerFebruary 17, 2022

FinTech

European fintech companies are targeted by fake reviews through networks of fake sites

Several European fintech companies and regulated financial brokers have fallen victim to fake reviews and misinformation in a well-organized scheme through a network of...

Gerald MillerJanuary 21, 2022

Crypto / Blockchain / Web3

How does blockchain work?

What is blockchain? How does the technology work? Where does blockchain come from? Prominent Block applications? Blockchain in Germany What is Blockchain? Blockchain, sometimes...

Gerald MillerDecember 28, 2021

FinTech

What is the right legal form for my startup?

The right legal form is in any case an undertaking that depends on a lot of bureaucracy, facts and figures. If you do not...

Gerald MillerDecember 28, 2021

CleanTech

What climate protection targets has Germany set itself?

What are climate protection targets? What are climate laws needed for? What targets and laws are currently in place? What technical measures are needed?...

Gerald MillerDecember 28, 2021

FinTech

The new bouldering hall in Baden, Bouba, is open!

Bouba AG found ideal conditions for the realisation of a bouldering hall on the former Ferro site in Baden. The two founders, Kevin Huser...

Gerald MillerDecember 28, 2021

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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 start-ups raised €458 million in January 2021

FinTech

These preconditions play a role in the sale of your company

FinTech

Startup News KW 27 | Cousin of Elon Musk invests in German startup

FinTech

Alpha Bank: official supporter of Elevate Greece at the 85th Thessaloniki International Fair

FinTech

InterNeosys research: The “mapping” of Greek startups, concerns and opportunities

FinTech

European fintech companies are targeted by fake reviews through networks of fake sites

Crypto / Blockchain / Web3

How does blockchain work?

FinTech

What is the right legal form for my startup?

CleanTech

What climate protection targets has Germany set itself?

FinTech

The new bouldering hall in Baden, Bouba, is open!

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