FALKIN Raises $2M to Combat AI-Powered Scams Before Payments Happen
London-based digital safety startup FALKIN has raised $2 million in pre-seed funding to help banks protect customers from AI-powered scams before payments are made.
The round was led by TriplePoint Ventures, with participation from Notion Capital, BackFuture Ventures, Aviva/Founders Factory, Haatch, Found Capital, and Founders Capital. Notable fintech and cybersecurity investors also joined, including Pierre Decote, Group Chief Risk Officer at Revolut, and Ben Enckevort, CTO and Co-Founder of Metomic.
The funding will support hiring, product development, and integrations with financial institutions, alongside the launch of Safety Labs—a programme designed to help community banks and credit unions deploy scam-prevention tools.
Prevention-First Approach
FALKIN's platform uses AI to analyse manipulation techniques and signs of deception across urgent messages, items for sale, payment requests, and investment opportunities. The tools embed directly into banking platforms, protecting customers before money leaves their accounts.
The company has been tested by bank innovation teams and tens of thousands of consumers across the US and UK, with 78% of users reporting increased confidence when engaging online.
"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."
Growing Threat Landscape
The investment comes as AI-powered fraud escalates globally. Deloitte estimates US losses from authorised push payment fraud could reach $15 billion by 2028, up from $8.3 billion in 2024. In the UK, over seven million people were affected by scams last year.
"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."
To find out more, visit: falkin.com
