Cleafy has raised €12 million in a Series B funding round to expand its AI-powered fraud detection platform and strengthen its presence in the global banking cybersecurity market. The investment highlights the growing urgency among financial institutions to tackle increasingly sophisticated cyber threats as digital banking adoption accelerates.
Founded in 2014 and headquartered in Milan, Italy, Cleafy focuses on protecting financial institutions from cyber threats such as account takeovers, banking malware, and fraudulent transactions. The company’s platform is designed to detect and prevent fraud in real time by continuously analysing user behaviour, device signals and transaction patterns.
The Series B round was co-led by returning investors United Ventures and eCAPITAL. With this latest investment, Cleafy’s total funding has reached €22 million. The company plans to use the capital to accelerate the development of its predictive security capabilities, expand global threat intelligence systems and deepen its presence in banking markets across Europe and Latin America.
Cleafy was founded by Matteo Bogana, Niccolò Pastore and Carmine Giangregorio, all alumni of Politecnico di Milano. The founders built the company around the idea that traditional fraud detection tools are no longer sufficient in a rapidly evolving digital environment.
Conventional fraud detection systems typically analyse transactions only after they occur, relying on static rules and isolated data points. By the time banks receive alerts from these systems, fraudulent transactions may already have been completed, leaving limited opportunities for recovery.
Cleafy’s platform takes a different approach by focusing on proactive fraud prevention. Instead of reacting after suspicious activity occurs, the platform continuously monitors behavioural signals and contextual data across digital banking channels. This allows banks to identify anomalies and intervene before fraudulent transactions are executed.
As cybercriminals increasingly use automation and artificial intelligence to scale attacks, financial institutions are under pressure to adopt faster and more adaptive defence mechanisms. Cleafy’s predictive security architecture is designed to operate at the same speed as modern cyber threats, helping banks detect suspicious patterns early and reduce financial losses.
The company believes that the future of fraud prevention lies in predictive defence rather than reactive detection. By combining behavioural analytics, device intelligence and real-time monitoring, Cleafy aims to provide banks with a more comprehensive view of potential threats across their digital ecosystems.
With digital banking continuing to expand worldwide, the need for proactive cybersecurity solutions is becoming more critical. Cleafy’s latest funding round is expected to support further innovation in fraud detection technologies while enabling the company to scale its operations and partnerships with banks across multiple regions.
