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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

Fintech Montonio enters Polish market and raises EUR 11 million

Montonio – online payment provider in the Baltics announces its entry into the Polish market and the closing of a Series A investment round...

Gerald MillerJune 11, 2022

FinTech

7 Aarhus Startups to Watch

25e startup ecosystem in Aarhus is booming – across sectors and stages. We’ve gathered 7 of the most exciting new companies right now! Turning...

Gerald MillerJune 11, 2022

FinTech

Are start-upers and employees of large companies from different planets?

In the essay Men are from Mars, Women are from Venus, John Gray exposes the differences between the two sexes. In a galaxy not...

Gerald MillerJune 11, 2022

FinTech

COBIN Angels will publish the first report on the business angel market in Poland

The Polish startup investment market is growing rapidly and attracting more and more foreign investors. The value of Venture Capital investments in 2021 alone...

Gerald MillerJune 8, 2022

FinTech

7 Aarhus startups you should keep an eye on

The startup ecosystem in Aarhus is booming – across sectors and stages. We’ve rounded up 7 of the most exciting startups right here! Turn...

Gerald MillerJune 8, 2022

FinTech

Copenhagen Fintech: Financial technology is also a strength in Aarhus

Although the fintech organisation’s name begins with Copenhagen, it has always been for all of Denmark. The competition is international, which is why it’s...

Gerald MillerJune 8, 2022

FinTech

Online travel agencies: what if we really delivered a customer experience that matched our customers?

Apart from a few UFOs like Airbnb (accommodation) or Virtuo (car rental) that have structurally changed travelers’ habits, the travel industry has not moved...

Gerald MillerJune 8, 2022

FinTech

Findity raises SEK 50 million to accelerate its international expansion

Fintech company Findity raises SEK 50 million to accelerate its international expansion, while carrying out a major brand refresh. The company’s two brands, Companyexpense...

Gerald MillerJune 7, 2022

FinTech

PFR Ventures invests PLN 100 million in two private debt funds

PFR Ventures invested PLN 100 million in two private debt funds: the Polish CVI and the UK-based Beechbrook. Both teams provide debt financing to...

Gerald MillerJune 7, 2022

FinTech

Polish-Ukrainian Startup Bridge launches new initiative for Ukrainian startups

The aim of Polish-Ukrainian Startup Bridge (PUSB) is to identify the best business ideas and then accelerate them during trainings conducted by experienced experts...

Gerald MillerMay 18, 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

Fintech Montonio enters Polish market and raises EUR 11 million

FinTech

7 Aarhus Startups to Watch

FinTech

Are start-upers and employees of large companies from different planets?

FinTech

COBIN Angels will publish the first report on the business angel market in Poland

FinTech

7 Aarhus startups you should keep an eye on

FinTech

Copenhagen Fintech: Financial technology is also a strength in Aarhus

FinTech

Online travel agencies: what if we really delivered a customer experience that matched our customers?

FinTech

Findity raises SEK 50 million to accelerate its international expansion

FinTech

PFR Ventures invests PLN 100 million in two private debt funds

FinTech

Polish-Ukrainian Startup Bridge launches new initiative for Ukrainian startups

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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