Acoru, a cybersecurity firm specialising in fraud and scam prevention, has officially launched its operations after operating in stealth mode since securing seed funding in 2023.
The company, founded by seasoned experts in fraud detection, aims to transform how financial institutions defend against rapidly evolving threats.
The company raised €4m in seed funding from Adara Ventures and Athos Capital in 2023. With its platform now live, Acoru is preparing for a Series A round in 2026 as it looks to scale its operations globally.
Acoru’s platform focuses on tackling authorised fraud—where individuals are tricked into making payments to fraudsters—an increasingly dominant threat amplified by the use of generative AI. With scammers using more sophisticated tactics, the financial sector faces heightened risks, regulatory pressure, and rising losses.
To address these challenges, Acoru has developed a NextGen fraud detection platform powered by generative AI, advanced analytics, and a configurable intelligence network. The system tracks account changes, identifies mule accounts, and anticipates fraud through the use of pre-fraud indicators and continuous behavioural monitoring.
The company plans to use its funding to support international expansion, particularly across the Americas, while continuing to enhance its technology to stay ahead of emerging threats. The platform processes structured and unstructured data and presents insights through an intuitive interface designed for broad use across financial institutions, democratising access to fraud detection tools.
Acoru’s founders, Pablo de la Riva Ferrezuelo and David Morán, previously built the cybersecurity firm Buguroo, later rebranded as Revelock and acquired by Feedzai. Their combined experience spans over two decades, including roles at Deloitte’s Cyber Excellence Center and other global firms, positioning them well to lead innovation in this space.
Acoru CEO Pablo de la Riva said, “The fraud landscape is evolving rapidly, with scams now accounting for approximately 70% of total banking fraud worldwide.”
“Acoru is committed to staying ahead of these trends by developing innovative solutions that address the latest challenges faced by financial institutions.”
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