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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

CleanTech

After the crisis, French Tech startups are back!

Many of our startups are high profile today and will be even more so tomorrow if they continue to grow. Opportunities to collaborate with...

Gerald MillerAugust 21, 2022

AdTech

Founders seek capital: how to continue to convince funds?

Despite an inflationary and uncertain economic environment, French startups, driven by tech, have set an investment record of €8.4 billion raised in the first...

Gerald MillerAugust 21, 2022

FinTech

Why the rules for start-ups in Europe need to be frictionless

[BRIEF] Twelve months have passed since French President Emmanuel Macron announced that he wanted to see “ten technology companies worth €100 billion” in Europe...

Gerald MillerAugust 13, 2022

FinTech

Working capital – everything you need to know as an entrepreneur

One mistake many start-ups make is not managing working capital sufficiently and improving cash flow early on. It is worth looking into this topic,...

Gerald MillerAugust 13, 2022

AITech

Carlson ASI EVIG Alpha invests in receivables management system

Carlson ASI Evig Alpha, a venture capital fund from the Carlson Group, is making another investment at the intersection of machine learning and fintech....

Gerald MillerAugust 5, 2022

FinTech

MOVS raises new capital to expand in Sweden and Europe with its own electric vehicles

Swedish MOVS fills its coffers with approximately SEK 45 million in a recently completed capital round. The leading subscription service for micro-commuting will use...

Gerald MillerAugust 1, 2022

FinTech

Crowdfunding alert! Without Authority, sector at risk. The appeal of Digital Investment

Crowdfunding in Italy is having a complicated time, and not because of a lack of projects or liquidity. On the contrary, the market enjoys...

Gerald MillerAugust 1, 2022

FinTech

Nstart AB becomes a credit market company and expands

The fintech company Nstart has received authorisation from Finansinspektionen to operate as a credit market company. The authorisation allows Nstart to conduct financing activities...

Gerald MillerJuly 20, 2022

EdTech

Regulatory ‘friction’ is holding back European startups, according to new research from Stripe

Research conducted among nearly 200 European startups at Stripe shows how long, complex and outdated compliance processes are limiting growth. 1 in 3 considered...

Gerald MillerJuly 20, 2022

AdTech

Crowdfunding europeo, rischiamo di perdere il treno per colpa del controllore

L’Italia è stata il primo Paese europeo a normare l’equity crowdfunding disciplinato dal d.l. 18 ottobre 2012, n. 179. Con il Regolamento Consob n....

Gerald MillerJuly 15, 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

CleanTech

After the crisis, French Tech startups are back!

AdTech

Founders seek capital: how to continue to convince funds?

FinTech

Why the rules for start-ups in Europe need to be frictionless

FinTech

Working capital – everything you need to know as an entrepreneur

AITech

Carlson ASI EVIG Alpha invests in receivables management system

FinTech

MOVS raises new capital to expand in Sweden and Europe with its own electric vehicles

FinTech

Crowdfunding alert! Without Authority, sector at risk. The appeal of Digital Investment

FinTech

Nstart AB becomes a credit market company and expands

EdTech

Regulatory ‘friction’ is holding back European startups, according to new research from Stripe

AdTech

Crowdfunding europeo, rischiamo di perdere il treno per colpa del controllore

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