Cleafy, a Milan-based enterprise cybersecurity company specialising in banking fraud prevention, has raised €12m in a Series B funding round, bringing its total funding to €22m.
The round was co-led by United Ventures and eCAPITAL. The fresh capital will be used to accelerate the development of Cleafy’s predictive capabilities, scale threat analysis globally, and drive expansion into key banking markets across Europe and Latin America.
Cleafy serves more than 150 financial institutions across Europe and Latin America, protecting over 250 million end users. Its client base includes ING, BCC Iccrea Group, Illimity Bank, and BPS (Suisse).
Founded in 2014 by Matteo Bogana, Nicolò Pastore, and Carmine Giangregorio, Cleafy enables banks and financial institutions to anticipate and disrupt fraud and cyberattacks by detecting hostile infrastructure and attacker intent before damage occurs.
The company’s technology is built on a proprietary engine protected by more than 85 international patents. It combines web, mobile, backend, and network telemetry with real-time global threat analysis to reconstruct how attacks originate, evolve, and spread.
With the launch of Cleafy for Workforce, the platform now also extends to detecting insider threats and compromised accounts within corporate systems.
Cleafy CEO & co-founder Matteo Bogana said, “While fraudsters weaponize AI to scale attacks at machine speed, European banks are fighting back with outdated, reactive tools. We built Cleafy to change this equation fundamentally, reconstructing how attacks form and stopping them weeks before they can cause damage. Our zero customer churn over more than a decade proves this approach works.”
United Ventures partner Fabio Pirovano said, “Cleafy represents the kind of European technology leadership we need in critical infrastructure protection. As fraud becomes more sophisticated, their predictive, intelligence-driven approach to anticipating and disrupting attacks before they materialize is a strategic imperative. Their solid growth and exceptional customer retention validate they’ve built something truly differentiated. We are proud to continue supporting the company as it advances into its next chapter of growth”
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