Italian fraud prevention platform Trustfull raises €6 million to drive European expansion
Milan-based Trustfull, a provider of fraud prevention technology, today announced the closing of a €6 million investment round to strengthen its sales and marketing team and diversifying its product offering to help clients address emerging types of fraud.
The round was led by Seaya Ventures and Elevator Ventures, with the participation of existing investor United Ventures.
Marko Maras, CEO of Trustfull, commented: “We’re excited to welcome Seaya Ventures and Elevator Ventures as new investors in Trustfull, and grateful for the continued support of United Ventures as an existing shareholder. This new round is a strong validation of our mission to help businesses strike the right balance between fraud prevention and seamless customer experience, and it reflects our proven track record delivering measurable impact for enterprise clients.”
Founded in 2020, Trustfull offers a fraud prevention platform powered by open source intelligence. Its suite of AI agents analyses hundreds of digital signals from users’ phone numbers, emails, IP addresses, and web domains to assess user risk in real time and strengthen KYC, KYB, and AML workflows.
The company says this investment comes at a pivotal moment for the global fraud detection and prevention market, which is projected to nearly triple from €28.4 billion in 2024 to €77.4 billion by 2030. This growth is fueled by high demand for technology that can counteract surging AI-driven fraud, ranging from synthetic identity attacks to deepfake scams and large-scale phishing campaigns.
With this new funding, Trustfull looks to strengthen its foothold in Italy, Spain, and France, while fast-tracking its entry into additional high-potential European markets. The investment will also power the development of new fraud detection capabilities, as well as accelerate the adoption of Trustfull’s existing account opening protection and account takeover prevention solutions.
Aris Xenofontos, partner at Seaya Ventures, said: “We believe Trustfull is rewriting the rules of fraud prevention through real-time and AI-powered risk intelligence. Their unique ability to analyse hundreds of digital signals with speed and precision positions them as a true category leader in Europe’s TrustTech ecosystem. At Seaya, we’re proud to support them on their journey to become a global reference in fraud prevention.”
Trustfull says they are on pace to process over 100 million checks annually by the end of 2025, driven by the widespread adoption of its solutions across multiple sectors, from banking and payments to travel, e-commerce and iGaming.
Enterprise clients include Nexi, Ing Bank, Scalapay, Elavon, Cofidis, AirHelp, and Sisal.
Maximilian Schausberger, Managing Director of Elevator Ventures, commented: “In times when fraudsters are becoming increasingly sophisticated, we believe that Trustfull is redefining the standards for digital risk assessment and online trust. We are proud to support the team as they continue to build a category-defining platform with lasting impact.”
The post Italian fraud prevention platform Trustfull raises €6 million to drive European expansion appeared first on EU-Startups.
