Italy’s Cleafy Secures €10 Million in Funding for Proactive Fraud Prevention Technology

United Ventures has led a €10 million investment round in Cleafy, an Italian technology company specializing in proactive fraud prevention for digital banking. The funding will support the company’s expansion into new markets and further development of its cutting-edge technology platform.

Growing Demand for Fraud Detection and Prevention Solutions

The global fraud detection and prevention market is experiencing rapid growth, with a compound annual growth rate of nearly 25% year on year. It is expected to reach $190.93 billion by 2030. Cleafy’s innovative solution proactively detects and prevents online banking fraud in real-time, ensuring a secure and seamless user experience for online customers.

Cleafy’s Proven Track Record

The company’s platform has gained widespread recognition as a market leader, safeguarding over 100 million digital users against financial online fraud. Its client base includes major global banking groups like Findomestic by BNP Paribas group and ING Bank Romania, as well as fast-growing banks and fintech players like illimity Bank. Notably, Cleafy boasts a 100% client renewal rate, demonstrating the effectiveness of its platform.

A New Approach to Fraud Prevention

“Our goal is not simply to stop fraud; rather, we aim to anticipate attacks and proactively prevent fraud from occurring,” said Matteo Bogana, CEO at Cleafy. “To achieve this, we have developed a groundbreaking platform that pioneers the Cyber Fraud Kill Chain space.”

Threat Intelligence and Expertise

In recent years, Cleafy’s Threat Intelligence team has been instrumental in identifying advanced cyber threats targeting global banks. Their technical intelligence reports, known as Cleafy LABs reports, have become a reference point for fraud analysts and threat hunters worldwide.

Founding and Milestones

Cleafy was founded in 2014 by Matteo Bogana, Niccolò Pastore, and Carmine Giangregorio, all experts in cybersecurity, big data, and distributed systems. The company’s technology has gained recognition globally, with the United Ventures’ investment marking a significant milestone in its growth journey.

United Ventures’ Investment

Fabio Pirovano, Partner at United Ventures, added: “We are always on the lookout for innovative technologies that have the potential to make a significant impact. Cleafy’s real-time fraud prevention platform is a prime example of such a technology, and we believe it has the potential to transform the way we approach online security.”