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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

A decisive step to strengthen the startup ecosystem through Elevate Greece

A decisive step for the identification and mapping of the country’s start-up ecosystem, which will also provide the tools for the development of a...

Gerald MillerDecember 28, 2021

FinTech

“Mapping” of the domestic startup scene by Pissarides

Professor Christoforos Pissarides, among others, focuses on Greece’s poor performance in the field of innovation, attempting to “map” the needs of the domestic startup...

Gerald MillerDecember 28, 2021

FinTech

Big launch on Real Estate: the bidding system starts!

Whether you are a private individual looking to sell a property or a person who deals with the sale of property on a daily...

Gerald MillerDecember 28, 2021

FinTech

Startups Afternoon 2019

Startups Afternoon 2019 Professional startup forums at the Startup Night in the Wise Castle On 28 November 2019, for the fifth time, the Budapest...

Gerald MillerDecember 28, 2021

EdTech

Gabi – Polish InsurTech startup sold for PLN 1.3 billion

Founded in 2016 by Hanno Fitchner, Krzysztof Kujawa and Pawel Olszewski, Gabi is the first Polish insurance startup based in San Francisco. Gabi automates...

Gerald MillerDecember 28, 2021

CleanTech

Lithuania’s HeavyFinance has raised $1 million. Black Pearls VC and bValue participated in the round

The funds raised will be used primarily to expand into Poland, as well as to scale the team and support growth in existing markets....

Gerald MillerDecember 28, 2021

FinTech

All Nordigen employees can become co-owners

Latvian fintech start-up Nordigen issues stock options to all employees. This means that employees, including new employees who are just starting at Nordigen, have...

Gerald MillerDecember 28, 2021

FinTech

Latvian companies get access to largest ever growth investment of almost €1 billion

Growth capital investments of approximately EUR 850 million are available for Latvian companies in the next few years from private equity and venture capital...

Gerald MillerDecember 28, 2021

E-commerce

Helve and Citadele Bank launch the second Future Hub accelerator programme

During the second accelerator programme, from September to December 2021, start-ups will have the opportunity to work on current sustainability challenges together with market-leading...

Gerald MillerDecember 28, 2021

FinTech

Latvia’s law on support for start-ups has finally taken a business-friendly form

In 2020, the Law on Support for Startups (“Startup Law”) has undergone significant changes that maintain all existing support mechanisms, but make it much...

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

A decisive step to strengthen the startup ecosystem through Elevate Greece

FinTech

“Mapping” of the domestic startup scene by Pissarides

FinTech

Big launch on Real Estate: the bidding system starts!

FinTech

Startups Afternoon 2019

EdTech

Gabi – Polish InsurTech startup sold for PLN 1.3 billion

CleanTech

Lithuania’s HeavyFinance has raised $1 million. Black Pearls VC and bValue participated in the round

FinTech

All Nordigen employees can become co-owners

FinTech

Latvian companies get access to largest ever growth investment of almost €1 billion

E-commerce

Helve and Citadele Bank launch the second Future Hub accelerator programme

FinTech

Latvia’s law on support for start-ups has finally taken a business-friendly form

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