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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

How to prepare for Slush in Helsinki for maximum impact: a startup experience

On November 17 and 18, the Slush 100 Pitching Competition was held in Helsinki. It is a non-profit event where entrepreneurs from different countries...

peterNovember 24, 2022

Crypto / Blockchain / Web3

Bitcoin falls under $16k, Ethereum below $1,100

Cryptocurrency broker Genesis has warned of the risk of bankruptcy due to a negative “contagion effect” following the collapse of the FTX empire owned...

Kelly PeckNovember 22, 2022

AdTech

Raison merges with Raison Asset Management to build a new-generation wealth-tech platform

A venture investment mobile app, Raison strengthens its brand by merging with an international investment company, Raison Asset Management. With the upcoming launch of...

Gerald MillerNovember 3, 2022

FinTech

The advantages of a reputable casino provider

If you play the games in a reputable online casino, like login Yoju casino, you can be sure that everything is above board. Deposited...

peterNovember 2, 2022

FinTech

Five Tier 1 early-stage VCs to invest €1M in the next Slush 100 winner

Five Tier 1 early-stage VCs to invest €1M in the next Slush 100 winner Slush launches a new program for early-stage founders: 100 startups...

Gerald MillerSeptember 13, 2022

FinTech

Startup News KW 44 | Relaunch of the Klarna App

Nike: registration of virtual goods Netflix continues to expand gaming trend Zalando faces profit slump Relaunch of the Klarna app Just listen to the...

Gerald MillerSeptember 1, 2022

FinTech

BLIK summarized 2021: nearly 113 million in revenue

2021. Polish Payments Standard (PSP), the operator of the BLIK mobile payment system, recorded a net profit for the second year in a row....

Gerald MillerAugust 29, 2022

FinTech

The top 5 food tech startups in Germany

It’s no secret that the food startup wave reached Germany some time ago. At the latest with the consequences of the Corona pandemic, food...

Gerald MillerAugust 29, 2022

FinTech

The top 5 recruiting programs

Every company needs employees and a well-functioning team. For each position there are different requirements and criteria, so that the corresponding tasks can be...

Gerald MillerAugust 25, 2022

FinTech

Startup News KW 43 | Ecosia plans investment in ClimateTech

Overall winner of the Shop Usability Award 2021: Shopware stores takes home the win EY job study: One in eight employees fears for their...

Gerald MillerAugust 21, 2022

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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

How to prepare for Slush in Helsinki for maximum impact: a startup experience

Crypto / Blockchain / Web3

Bitcoin falls under $16k, Ethereum below $1,100

AdTech

Raison merges with Raison Asset Management to build a new-generation wealth-tech platform

FinTech

The advantages of a reputable casino provider

FinTech

Five Tier 1 early-stage VCs to invest €1M in the next Slush 100 winner

FinTech

Startup News KW 44 | Relaunch of the Klarna App

FinTech

BLIK summarized 2021: nearly 113 million in revenue

FinTech

The top 5 food tech startups in Germany

FinTech

The top 5 recruiting programs

FinTech

Startup News KW 43 | Ecosia plans investment in ClimateTech

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