FALKIN Raises $2M To Shield Bank Customers From AI-Driven Scams

The round was led by TriplePoint Ventures, with participation from Notion Capital, BackFuture Ventures, Aviva/Founders Factory, Haatch, Found Capital, and Founders Capital. Fintech and cyber investors, including Pierre Decote (Group Chief Risk Officer, Revolut) and Ben Enckevort (CTO and co-founder, Metomic), also took part.

Scams are an increasing financial risk in the AI era. In the UK, over seven million people were affected last year, yet 71% didn’t report the incidents, and prosecution rates remain under 1%. Despite heavy spending on fraud controls, most measures only activate after funds are moved, missing the earlier stages of scam manipulation.

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Including legal fees, fines, remediation costs, and staff time, the total cost per incident can exceed four times the amount stolen. AI technologies like voice cloning, deepfakes, and advanced text generation further amplify the risk by enabling large-scale, convincing impersonations.

FALKIN addresses this by providing an AI-driven protection layer for digital banking. The platform analyzes behavioral and digital risk signals to detect deception early allowing banks to proactively protect customers and reduce fraud losses. FALKIN is expanding its ecosystem, enabling financial institutions to embed protection directly into digital banking journeys and communications.

FALKIN’s tools have been used by bank innovation teams and tens of thousands of consumers in the US and UK. User feedback shows that 78% of consumers feel more confident online, and over half believe prevention is more valuable than reimbursement. This highlights that engaging consumers before payments are made can reduce risks and strengthen trust.

The platform is integrated into familiar touchpoints like mobile banking apps and customer service portals, protecting customers before funds leave their accounts.

The funding will support hiring, product development, and deeper integrations with financial institutions, as well as the launch of Safety Labs. This initiative will provide community banks and credit unions with an easy way to deploy and evaluate customer-facing scam-prevention tools.

About Falkin

Falkin provides real-time scam prevention embedded within banking and fintech platforms. Its mission is to make scams preventable by detecting and intercepting them before they result in transactions. Falkin helps consumers identify potential threats in online purchases, messages, calls, and more making proactive digital safety a standard in finance.