FinTech

Connect with us

Hi, what are you looking for?

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

Crypto / Blockchain / Web3

Untangled Finance Secures €12.8 Million Funding to Pioneer Institutional-Grade Private Credit On-Chain

London-based fintech, Untangled Finance, has successfully raised €12.8 million in strategic funding, marking a significant milestone in its mission to revolutionize the landscape of...

Alex NigmatulinOctober 12, 2023

FinTech

What is MSB and How It Works: A Guide for Startups

In today’s interconnected global marketplace, businesses are constantly looking for opportunities to expand and tap into new markets. For European startups, particularly those in...

Alex NigmatulinOctober 3, 2023

CleanTech

Berlin-based Plan A Secures €25.2 Million to Accelerate Business Decarbonization

Plan A, a prominent player in Europe’s corporate carbon accounting, decarbonization, and ESG reporting software sector, has achieved a significant funding milestone by raising...

Alex NigmatulinSeptember 19, 2023

EdTech

Babbel Enhances Language Learning Ecosystem through Toucan Acquisition

Babbel, the prominent language learning platform, is expanding its repertoire by acquiring the innovative Toucan browser extension, a move that marks a significant development...

Alex NigmatulinSeptember 19, 2023

FinTech

ARX Secures €1.15 Million Funding for Autonomous Ground Vehicles Benefitting Defense and Civilian First Responders

In a recent development, ARX, a promising German defense technology startup, proudly announced the successful completion of a €1.15 million Pre-Seed funding round, with...

Alex NigmatulinSeptember 19, 2023

FinTech

White-label Card Solution: A Revolution in Business Operations

The world of finance is constantly growing and evolving, with the card payment sector standing out as a particularly notable area of progression. In...

Alex NigmatulinAugust 4, 2023

EdTech

Dutch Startup, StellarUp, Successfully Closes €500K Seed Funding to Bring Their Mentoring and Community Platform to Its Next Level

Amsterdam, the Netherlands – StellarUp, a Dutch startup offering a global HR SaaS solution that promotes knowledge sharing through structured and unstructured learning tools,...

Alex NigmatulinJuly 5, 2023

The AI Hackathon, Talents on AI, is scheduled to be held in Kyiv from May 12th to May 14th, 2023.

AITech

The AI Hackathon, Talents on AI, is scheduled to be held in Kyiv from May 12th to May 14th, 2023.

In January, the defx team launched @chat_openia_bot, which used the OpenAI API and was available to Ukrainians without registration. During this time, they processed...

Alex NigmatulinMarch 3, 2023

AdTech

Most European SaaS companies recoup their investments within a year

A group of more than 100 European SaaS vendors surveyed by tech consultant and investor GP Bullhound suggests that the average payback period is...

Kelly PeckDecember 12, 2022

FinTech

Non-business style: businessmen and top managers with tattoos

Tattoos are not a hindrance to getting ahead in your career or becoming a millionaire. If you’re worried that the business world won’t take...

Kelly PeckDecember 9, 2022

Page 5 of 29‹ Previous 1 2 3 456 7 8 9 Next ›Last »

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

Crypto / Blockchain / Web3

Untangled Finance Secures €12.8 Million Funding to Pioneer Institutional-Grade Private Credit On-Chain

FinTech

What is MSB and How It Works: A Guide for Startups

CleanTech

Berlin-based Plan A Secures €25.2 Million to Accelerate Business Decarbonization

EdTech

Babbel Enhances Language Learning Ecosystem through Toucan Acquisition

FinTech

ARX Secures €1.15 Million Funding for Autonomous Ground Vehicles Benefitting Defense and Civilian First Responders

FinTech

White-label Card Solution: A Revolution in Business Operations

EdTech

Dutch Startup, StellarUp, Successfully Closes €500K Seed Funding to Bring Their Mentoring and Community Platform to Its Next Level

AITech

The AI Hackathon, Talents on AI, is scheduled to be held in Kyiv from May 12th to May 14th, 2023.

AdTech

Most European SaaS companies recoup their investments within a year

FinTech

Non-business style: businessmen and top managers with tattoos

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