Cleafy, a provider of fraud protection software for banks, has raised a €10m funding round to expand its footprint among digital banks.
In brief:
-The funding round, which is led by Moneyfarm-backer United Ventures, will be used for expansion into new markets.
-The cybersecurity industry is seeing rapid growth, particularly in the fraud prevention area, as demand for digital financial products booms.
-Milan-based Cleafy was co-founded in 2014 by Matteo Bogana, Niccolò Pastore and Carmine Giangregorio.
What does this mean?
“Our goal is not simply to stop fraud; rather, we aim to anticipate attacks and proactively prevent fraud from occurring,” Cleafy’s CEO Matteo Bogana said.
