Digital safety startup FALKIN has raised $2 million in pre-seed funding to expand its mission of stopping scams before payments occur — addressing one of the fastest-growing risks in the AI era.
The round was led by TriplePoint Ventures, with participation from Notion Capital, BackFuture Ventures, Aviva/Founders Factory, Haatch, Found Capital, and Founders Capital. Several high-profile fintech and cybersecurity leaders also joined the round, including Pierre Decote (Group Chief Risk Officer, Revolut) and Ben Enckevort (CTO & Co-founder, Metomic).
Tackling a growing crisis
Scams have become one of the most widespread forms of financial crime. In the UK alone, over seven million people were targeted in the past year, but 71% of victims never reported it, and less than 1% of cases led to prosecution. Despite significant spending on fraud prevention, most existing measures activate only after funds have left a customer’s account.
Meanwhile, AI-driven fraud tools — from voice cloning and deepfakes to automated social engineering — have made scams more sophisticated, scalable, and convincing. The true cost of each incident, when accounting for legal fees, remediation, and reputational damage, can reach four times the stolen amount.
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A proactive defense for digital banking
FALKIN takes a different approach. Its AI-powered protection layer monitors behavioral and digital risk signals in real time to detect deception early — before transactions occur. This enables banks to intervene proactively, preventing losses and protecting customer trust.
Already deployed by innovation teams at leading banks in the US and UK, FALKIN’s technology is embedded directly into digital banking journeys such as mobile apps and customer portals. Early pilots show promising results:
- 78% of users report feeling safer online.
- Over 50% say they value prevention more than reimbursement after a scam.
“Fraud prevention needs to start before money moves — not after,” said FALKIN’s founding team. “We’re helping banks turn customer protection into a proactive, integrated experience rather than a reaction to loss.”
Scaling impact through “Safety Labs”
The new funding will support team expansion, product development, and deeper integrations with financial institutions. It will also fund the launch of Safety Labs, an initiative designed to help community banks and credit unions easily deploy and test customer-facing scam-prevention tools.
“The cost and complexity of fraud are only going to rise as AI gets better at deception,” said TriplePoint Ventures. “FALKIN is building the missing layer of digital safety — one that detects manipulation before it happens.”
About FALKIN
FALKIN provides real-time scam prevention technology embedded directly into banking and fintech platforms. Its mission is to make scams preventable rather than reimbursable, using AI to detect and intercept fraud before funds are transferred. By combining behavioral insights with machine learning, FALKIN empowers consumers and financial institutions to build a safer digital economy.
