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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

The Envolve Award Greece 2022 competition for start-ups and innovative businesses has started

The Envolve Award Greece 2022 competition was announced by Envolve Entrepreneurship, which is celebrating ten years of supporting entrepreneurship and innovation in Greece. In...

Gerald MillerDecember 28, 2021

AITech

The 15 most representative cases of Greek startups operating in the US

The number of startups with Greek founders that have developed activities in the US is constantly increasing and some of these entrepreneurs will meet...

Gerald MillerDecember 28, 2021

AgriTech

Greek startups secured over €500 million in investments in 2021

With the support of the Hellenic Development Investment Bank, the Startups in Greece 2021-2022 exhibition was presented on December 7, 2021, by Found.ation and...

Gerald MillerDecember 28, 2021

FinTech

Over 84% of investors in Greek startups are from abroad

The total number of startups funded this year is around 70, 30% more than last year, while the total investment secured exceeds €500 million....

Gerald MillerDecember 28, 2021

AdTech

Enterprise Greece: the Cypriot market is extremely friendly to Greek products and services

The prospects for the further strengthening and exploitation of trade relations between Greece and Cyprus were presented at the web seminar: “Doing Business in...

Gerald MillerDecember 28, 2021

FinTech

Strong interest from start-ups for the ESG Innovation Challenge

The submission period for the ESG Innovation Challenge competition organized by the Hellenic Development Bank-HDB in exclusive cooperation with the start-up business registry “Elevate...

Gerald MillerDecember 28, 2021

AITech

Strategic partnership between SETE and Foresight for the development of the innovation ecosystem

The Long-Term Strategic Planning & Development Group Research for the Future (Foresight) and the Hellenic Development Investment Bank SA (Hellenic Development Bank of Greece,...

Gerald MillerDecember 28, 2021

FinTech

PwC Greece: the contribution to the development of the Greek innovation ecosystem

PwC Greece contributes to the development of the Greek innovation ecosystem and the development of entrepreneurial ideas through targeted actions and initiatives. In this...

Gerald MillerDecember 28, 2021

AdTech

EE: New European legislative framework for a startup-friendly environment

At a time when the US and China are fighting hand-to-hand for innovation leadership, Europe is slowly but surely taking steps to join the...

Gerald MillerDecember 28, 2021

FinTech

Accelerate TT: How EATE’s fund of funds will finance start-ups

An existing gap in the venture capital market for start-ups will be filled by a new fund called “AccelerateTT“, the establishment of which was...

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

AdTech

The Envolve Award Greece 2022 competition for start-ups and innovative businesses has started

AITech

The 15 most representative cases of Greek startups operating in the US

AgriTech

Greek startups secured over €500 million in investments in 2021

FinTech

Over 84% of investors in Greek startups are from abroad

AdTech

Enterprise Greece: the Cypriot market is extremely friendly to Greek products and services

FinTech

Strong interest from start-ups for the ESG Innovation Challenge

AITech

Strategic partnership between SETE and Foresight for the development of the innovation ecosystem

FinTech

PwC Greece: the contribution to the development of the Greek innovation ecosystem

AdTech

EE: New European legislative framework for a startup-friendly environment

FinTech

Accelerate TT: How EATE’s fund of funds will finance start-ups

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