Trustfull, a fraud prevention technology company, has secured €6 million (US$6.9 million) in funding to expand its operations across Europe.

The round was led by Seaya Ventures and Elevator Ventures, with participation from existing investor United Ventures.

Founded in 2020, Trustfull uses an AI-driven platform to analyze digital signals like phone numbers, emails, and IP addresses to assess risk in real time.

The technology supports KYC, KYB, and AML processes.

The investment will help strengthen Trustfull’s presence in Italy, Spain, and France, while enabling entry into other European markets.

It will also support advanced fraud detection features and increase adoption of solutions against account fraud and takeovers.

Trustfull serves clients like Nexi, Ing Bank, and Scalapay, aiming to process over 100 million checks annually by the end of 2025.

🔗 Source: Tech.eu

🧠 Food for thought

1️⃣ Fraud detection market timing aligns with explosive AI-driven threat growth

Trustfull’s €6 million raise comes at an optimal moment in the fraud detection market cycle, with multiple industry reports showing remarkable growth projections.

The global fraud detection market is expected to grow from $33.13 billion in 2024 to $90.07 billion by 2030, representing an 18.7% compound annual growth rate 1.

This expansion is directly driven by the same AI technologies that fraudsters are weaponizing, such as synthetic identity attacks, deepfake scams, and large-scale phishing campaigns mentioned in Trustfull’s announcement.

The company’s positioning around AI-driven analysis of “hundreds of digital signals” places them in the technology category that research firms identify as a primary growth driver. AI and machine learning are repeatedly cited as essential for real-time threat identification 2.

Trustfull’s target of processing over 100 million checks annually by 2025 reflects this market momentum, as companies across banking, payments, travel, and e-commerce sectors increase their fraud prevention investments.

2️⃣ European regulatory coordination creates structural tailwinds for fraud prevention