FALKIN raises $2M to protect bank customers from AI-powered scams

London-based FALKIN, a digital safety
company that helps prevent scams before payments occur, has raised $2 million
in pre-seed funding led by TriplePoint Ventures, with participation from Notion
Capital, BackFuture Ventures, Aviva/Founders Factory, Haatch, Found Capital,
and Founders Capital. The round also includes fintech and cyber investors such
as Pierre Decote (Group Chief Risk Officer, Revolut) and Ben Enckevort (CTO and
co-founder, Metomic).

Scams are a growing financial risk in
the AI era. In the UK, more than seven million people were affected last year,
yet 71 per cent did not report incidents, and prosecution rates remain below 1
per cent. Despite significant spending, most controls activate only when funds
move, missing the manipulation that initiates scams. Once legal fees, fines,
remediation, and staff time are included, the total cost per incident can
exceed four times the amount stolen. AI further elevates the threat through
voice cloning, deepfakes, and advanced text generation that enable convincing
impersonation at scale.

FALKIN provides an embedded, AI-driven
protection layer for digital banking. Its platform analyses behavioural and
digital risk signals to detect deception early, enabling banks to protect
customers proactively and reduce fraud losses. The company is expanding its
integration ecosystem so financial institutions can embed this 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. In user
feedback, 78 per cent reported greater confidence online, and more than half
said prevention is more valuable than reimbursement, indicating that engaging
consumers before payments are made can reduce risk and strengthen trust.

The
platform’s capabilities are embedded within familiar touchpoints, such as
mobile-banking apps and customer-service portals, so customers are protected before
funds leave their accounts.

The funding will support hiring, product development,
and deeper integrations with financial institutions, and will also launch
Safety Labs, giving community banks and credit unions a structured, low-lift
way to deploy and evaluate customer-facing scam-prevention tools.