London-based digital safety start-up FALKIN, which helps banks protect customers from scams before payments are made, has raised $2m in pre-seed funding to advance its AI-powered fraud prevention tools.
The round was led by TriplePoint Ventures, with participation from Notion Capital, BackFuture Ventures, Aviva/Founders Factory, Haatch, Found Capital, and Founders Capital. The round also saw investment from Pierre Decote, group chief risk officer at Revolut, and Ben Enckevort, CTO and co-founder of Metomic, alongside other leading FinTech and cybersecurity investors.
Founded to make online safety a default part of digital finance, FALKIN uses artificial intelligence to identify manipulation and deception across messages, payment requests, online listings, and investment offers. Its tools are directly embedded within digital banking platforms, ensuring users are protected before money moves.
The new capital will fund hiring, product development, and deeper integrations with financial institutions. It will also support the launch of Safety Labs, an initiative designed to help community banks and credit unions deploy scam prevention technology with minimal implementation effort.
The company is already working with banks and tens of thousands of consumers in the US and UK. According to FALKIN, 78% of users said its tools made them more confident engaging online, and over half believe prevention is more valuable than reimbursement after fraud occurs.
FALKIN’s technology analyses behavioural and digital cues to detect potential scams early, turning AI into a defensive tool against the growing wave of voice cloning, deepfake, and social engineering-based fraud.
TriplePoint Ventures partner Sam Stone said, “AI has blurred the line between what’s real and what’s fake, and traditional systems aren’t built for that reality. FALKIN’s vision to make proactive safety universal has the potential to redefine digital trust. We’re proud to back the team as they work to embed digital safety at the heart of modern finance.”
FALKIN co-founder Boaz Valkin said, “The new battlefield isn’t payments – it’s persuasion. 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.”
FALKIN co-founder and COO Joel Frisch added, “Modern scams are sophisticated, and no single red flag tells the whole story. The key is to analyze all the signals that reveal deception to build a complete picture. When we embed that intelligence where trust already lives – inside the banking apps people use every day – protection becomes effortless.”
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