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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

Adyen founder invests in dutch ticketing startup WeTicket

Arnout Schuijff, co-founder of payment service provider Adyen, is joining Amsterdam-based ticketing startup WeTicket as their first investor. WeTicket will use this investment as...

Alex NigmatulinMay 28, 2024

FinTech

X Shore Secures €8.5 Million Investment to Accelerate Sustainability Drive in Electric Boating

In a significant stride towards advancing sustainable practices in the boating industry, Swedish electric boat company X Shore has successfully raised €8.5 million in...

Alex NigmatulinApril 30, 2024

FinTech

Title: Payflows Secures €25 Million Series A Funding to Revolutionize Finance Team Operations

In a groundbreaking development, Paris-based Payflows has successfully raised €25 million in its Series A funding round. This significant investment is poised to reshape...

Alex NigmatulinApril 23, 2024

CleanTech

German Solar Platform Zolar Secures €100 Million for New Financing Option

Berlin, Germany – Zolar, a leading German digital platform for home solar solutions, has secured €100 million in funding from BNP Paribas, a global...

Alex NigmatulinApril 9, 2024

FinTech

Noda Partners with Wargaming to Lead Open Banking in the Baltic Gaming Sector

Noda, a leader in instant transaction facilitation, proudly announces its market expansion alongside Wargaming into the Baltic region, including Lithuania, Latvia, and Estonia. Starting...

Alex NigmatulinFebruary 27, 2024

FinTech

PRNEWS.IO Celebrates Partnership with Startup Moldova Summit 2024 as International Media Partner

The leading global content marketing platform PRNEWS.IO has announced its role as the International Media Partner for the upcoming Startup Moldova Summit 2024, which...

Alex NigmatulinFebruary 22, 2024

AdTech

ZeroQs Secures €457k to Revolutionize Retail with Smart Shopping Carts

Warsaw-based retail startup ZeroQs has successfully raised €457k in a financing round led by Freya Capital as follow-on investment. The funds will be utilized...

Alex NigmatulinJanuary 30, 2024

FinTech

The Art of Essay Editing: Polishing Your Prose to Perfection

Essay writing is a skill that evolves with practice and dedication. However, the journey doesn’t end once you’ve completed your initial draft. The true...

Alex NigmatulinJanuary 9, 2024

FinTech

PRNEWS.IO Earns Nomination for 2023 Go Global Awards, Celebrating International Success

PRNEWS.IO, the leading platform for sponsored content in Europe, is thrilled to announce its nomination for the prestigious 2023 Go Global Awards. Organized by...

Alex NigmatulinNovember 1, 2023

FinTech

TransactionLink Raises €5 Million to Revolutionize Business Onboarding Automation

Berlin-based TransactionLink, a trailblazer in drag-and-drop onboarding solutions, has successfully secured €5 million in a seed funding round. The funding, led by White Star...

Alex NigmatulinOctober 17, 2023

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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

Adyen founder invests in dutch ticketing startup WeTicket

FinTech

X Shore Secures €8.5 Million Investment to Accelerate Sustainability Drive in Electric Boating

FinTech

Title: Payflows Secures €25 Million Series A Funding to Revolutionize Finance Team Operations

CleanTech

German Solar Platform Zolar Secures €100 Million for New Financing Option

FinTech

Noda Partners with Wargaming to Lead Open Banking in the Baltic Gaming Sector

FinTech

PRNEWS.IO Celebrates Partnership with Startup Moldova Summit 2024 as International Media Partner

AdTech

ZeroQs Secures €457k to Revolutionize Retail with Smart Shopping Carts

FinTech

The Art of Essay Editing: Polishing Your Prose to Perfection

FinTech

PRNEWS.IO Earns Nomination for 2023 Go Global Awards, Celebrating International Success

FinTech

TransactionLink Raises €5 Million to Revolutionize Business Onboarding Automation

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HealthTech

The Top 5 Mental Health Startups in Germany

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Eastern European Startup Uses Big Data To Automate PR

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The top 5 mental health startups in Europe