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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

CrowdFundMe acquisisce la maggioranza di Trusters. Nasce il 1° gruppo italiano di Crowdinvesting

CrowdFundMe e Trusters, tra i leader italiani nel settore del Lending Crowdfunding dedicato a operazioni immobiliari, hanno sottoscritto un accordo che dà vita al...

Gerald MillerJuly 6, 2022

FinTech

Venture capital in Italy, growth continues. EY’s study

Venture capital investments in Italy in 2021 reached and surpassed the billion euro threshold, touching 1,243 million euros (+118 percent compared to 569 million...

Gerald MillerJune 22, 2022

FinTech

The value of venture capital investments in Poland in the first quarter of 2022 exceeded PLN 1.1 billion

PFR Ventures and Inovo Venture Partners have prepared a quarterly report summarizing transactions on the Polish venture capital (VC) market. The data shows that...

Gerald MillerJune 20, 2022

FinTech

Swedish fintech startup Vourity wins Innovation World Cup

Swedish Vourity, a Fintech SaaS platform for unattended payments, won the Innovation World Cup competition held in Hannover on 1 June. Vourity has thus...

Gerald MillerJune 19, 2022

FinTech

Steven will be the first Swedish fintech company to launch a crowdfunding campaign with Crowdcube

Today, the fast-growing finance app Steven announces that it will conduct a crowdfunding round to enable its large and growing community to invest in...

Gerald MillerJune 18, 2022

FinTech

Eléonore Blondeau (CSI France): “The first difficulty for industrial start-ups is to have access to equity financing”.

Eléonore Blondeau, co-founder and president of the Collectif Startups Industrielles France. Eléonore Blondeau JDN. You spoke at the Startup Tour event, organized by the...

Gerald MillerJune 18, 2022

FinTech

Digitalisation is not (just) about new, smart tools – but about connecting them

The possibilities of digitalisation are endless. Many are underway, but for new digital tools to lead to better experiences for both customers and employees,...

Gerald MillerJune 15, 2022

FinTech

Payments startup Vibrant named winner of spring edition of Mastercard Lighthouse FINITIV

Vibrant.io, a fast-growing provider of mobile checkout solutions, wins the spring edition of Mastercard Lighthouse FINITIV, Mastercard’s open innovation programme. It is the second...

Gerald MillerJune 12, 2022

FinTech

ESA BIC Sweden organises a Pitchevent with space technology startups

During the launch of the Advanced Engineering meeting place on 15-16 June at Kistamässan, ESA BIC Sweden is organising a pitchevent with space technology...

Gerald MillerJune 12, 2022

FinTech

Swedish-founded fintech company Anyfin launches in Norway and becomes the company’s fourth market

Fast-growing fintech company Anyfin, which helps people understand and improve their finances, today announced that it is launching in another market – Norway. The...

Gerald MillerJune 11, 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

CrowdFundMe acquisisce la maggioranza di Trusters. Nasce il 1° gruppo italiano di Crowdinvesting

FinTech

Venture capital in Italy, growth continues. EY’s study

FinTech

The value of venture capital investments in Poland in the first quarter of 2022 exceeded PLN 1.1 billion

FinTech

Swedish fintech startup Vourity wins Innovation World Cup

FinTech

Steven will be the first Swedish fintech company to launch a crowdfunding campaign with Crowdcube

FinTech

Eléonore Blondeau (CSI France): “The first difficulty for industrial start-ups is to have access to equity financing”.

FinTech

Digitalisation is not (just) about new, smart tools – but about connecting them

FinTech

Payments startup Vibrant named winner of spring edition of Mastercard Lighthouse FINITIV

FinTech

ESA BIC Sweden organises a Pitchevent with space technology startups

FinTech

Swedish-founded fintech company Anyfin launches in Norway and becomes the company’s fourth market

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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