Cleafy raises 12M to stop bank fraud before it starts

"Conventional fraud tools operate in silos, analysing isolated transactions against static rules. By the time a bank's fraud team gets an alert, the money is often already gone. Cleafy's platform takes a different approach. It ingests signals from web, mobile, back-end, and network channels simultaneously, combining them with real-time threat intelligence to reconstruct how attacks form and travel across a bank's infrastructure."

"The goal is to identify malicious intent, the attacker's tools, methods, and infrastructure, days or weeks before any transaction is flagged. The company says it now protects more than 250 million users across over 150 financial institutions, including ING, Illimity, and BPS Suisse. It claims zero customer churn across its history."

Cleafy, a Milan-based cybersecurity firm founded in 2014, has secured €12 million in Series B funding to advance its predictive security approach for banks. The company ingests signals from web, mobile, back-end, and network channels simultaneously, combining them with real-time threat intelligence to reconstruct how attacks form across banking infrastructure. This enables identification of malicious intent, attacker tools, methods, and infrastructure days or weeks before transactions are flagged. Unlike conventional fraud tools that operate in silos analyzing isolated transactions against static rules, Cleafy's platform provides proactive defense. The company protects over 250 million users across 150 financial institutions and reports zero customer churn, positioning predictive defense as essential as banks face AI-accelerated fraud threats.

Read at TNW | Startups-Technology