Observed Signal · Jul 29, 2025 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Trustfull closes €6M round to drive European expansion
Trustfull, a provider of AI-driven fraud prevention technology, has secured €6 million in a funding round led by Seaya Ventures and Elevator Ventures, with participation from existing investor United Ventures. The company, founded in 2020, uses open-source intelligence and AI to analyze digital signals such as phone numbers, emails, IP addresses, and domains for real-time risk assessment, enhancing KYC, KYB, and AML processes. The funding will support expansion across Europe, particularly in Italy, Spain, and France, and the development of advanced fraud detection features. Trustfull is on pace to process over 100 million checks annually by end of 2025, with enterprise clients including Nexi, ING Bank, Scalapay, Elavon, Cofidis, AirHelp, and Sisal. The investment comes as the global fraud detection market is projected to grow from $33.1 billion in 2024 to $90 billion by 2030.
Funding for AI-driven fraud prevention platform; indirectly relevant to AdTech via trust and security, but not directly addressing advertising technology.
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Key Takeaways & Evidence Grounding
- Trustfull secured €6 million in funding.
- The round was led by Seaya Ventures and Elevator Ventures, with participation from United Ventures.
- Trustfull was founded in 2020 and processes over 100 million checks annually.
- Enterprise clients include Nexi, ING Bank, Scalapay, Elavon, Cofidis, AirHelp, and Sisal.
- The global fraud detection and prevention market is projected to reach $90 billion by 2030.
Connected Companies & Entities
2 Entities mapped“Enterprise clients of Trustfull include Nexi, Ing Bank, Scalapay, Elavon, Cofidis, AirHelp, and Sisal....”
“with the participation of existing investor United Ventures....”
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