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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

ScrapBees Secures €4 Million to Revolutionize Recycling in the Trades Industry

CleanTech

ScrapBees Secures €4 Million to Revolutionize Recycling in the Trades Industry

Neuss-based startup ScrapBees has announced a €4 million funding round to scale its innovative recycling services from regional operations to a nationwide presence. With...

Alex NigmatulinJanuary 22, 2025

Estonian startup Fusebox secures €2.6 million to help companies integrate renewable energy solutions

CleanTech

Estonian Startup Fusebox Secures €2.6 Million to Expand Renewable Energy Integration Across Europe

Tallinn-based startup Fusebox, a leading flexibility provider in the Baltic states, has raised €2.6 million in funding to accelerate its European expansion. The investment...

Alex NigmatulinJanuary 20, 2025

FinTech

Amsterdam-Based Startup Ver.iD Secures €2 Million in Funding to Propel European Expansion Amidst eIDAS 2.0 Rollout

January 2, 2025 – Ver.iD, a digital identity verification platform based in Amsterdam, has raised €2 million in angel funding to expand its operations...

Alex NigmatulinJanuary 2, 2025

FinTech

Laven and Squarelife Partner to Launch Complementary Health Insurance in Poland

WARSAW, November 15, 2024 – Laven, a Polish insurtech innovator, has announced a strategic partnership with international insurance provider Squarelife to introduce complementary health...

Alex NigmatulinDecember 17, 2024

FinTech

The Hague-based 4impact Capital Closes €68 Million Fund to Boost Digital Innovation and Sustainability Across Europe

The Hague, Netherlands – Venture capital firm 4impact Capital has announced the successful close of its second fund, raising €68 million to fuel early-stage...

Alex NigmatulinNovember 7, 2024

AITech

London-Based Genie AI Raises €16 Million to Revolutionize Legal Industry with AI-Powered Contract Drafting

Genie AI, a leading AI-powered legal drafting tool, has secured €16 million in Series A funding to further its mission of reducing legal friction...

Alex NigmatulinOctober 24, 2024

FinTech

London-based Round Treasury Raises €1.9 Million to Simplify Financial Management for Startups

London-based fintech startup, Round Treasury, has raised €1.9 million in a pre-seed funding round to simplify treasury management for founders and CFOs. The investment...

Alex NigmatulinOctober 8, 2024

FinTech

Atomico Unveils Largest-Ever Funding Round to Boost European Tech Innovation

London-based venture capital firm Atomico has announced two new funds totaling €1.12 billion, marking its largest fundraise to date. The funds target different stages...

Alex NigmatulinSeptember 10, 2024

AdTech

Female Invest Secures €10.3 Million to Expand as Leading Financial Platform for Women

Female Invest, a London-based finance app dedicated to empowering women through subscription-based learning, financial news, and a supportive community, has successfully closed its Series...

Alex NigmatulinJuly 30, 2024

AITech

Polish Startup Proofs Secures €2.4 Million to Speed Up Development of Proof-of-Concept Apps

Warsaw, Poland – Polish startup Proofs has raised €2.4 million in pre-seed funding to revolutionize the way companies build proof-of-concept applications (POC apps) for...

Alex NigmatulinJune 18, 2024

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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

CleanTech

ScrapBees Secures €4 Million to Revolutionize Recycling in the Trades Industry

CleanTech

Estonian Startup Fusebox Secures €2.6 Million to Expand Renewable Energy Integration Across Europe

FinTech

Amsterdam-Based Startup Ver.iD Secures €2 Million in Funding to Propel European Expansion Amidst eIDAS 2.0 Rollout

FinTech

Laven and Squarelife Partner to Launch Complementary Health Insurance in Poland

FinTech

The Hague-based 4impact Capital Closes €68 Million Fund to Boost Digital Innovation and Sustainability Across Europe

AITech

London-Based Genie AI Raises €16 Million to Revolutionize Legal Industry with AI-Powered Contract Drafting

FinTech

London-based Round Treasury Raises €1.9 Million to Simplify Financial Management for Startups

FinTech

Atomico Unveils Largest-Ever Funding Round to Boost European Tech Innovation

AdTech

Female Invest Secures €10.3 Million to Expand as Leading Financial Platform for Women

AITech

Polish Startup Proofs Secures €2.4 Million to Speed Up Development of Proof-of-Concept Apps

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