Cleafy raises €10 million to fight online banking fraud

Cleafy, a Milan-based company that offers a proactive fraud prevention solution for the digital banking sector, has secured €10 million in a funding round led by United Ventures, a venture capital firm focused on software and digital technology.

The investment was made through United Ventures’ UV T-Growth fund, which supports the growth of innovative tech companies in Italy and Europe.

Cleafy plans to use the new funds to expand its presence in new markets and to further develop its technological platform, which leverages artificial intelligence and machine learning to detect and prevent online banking fraud in real-time. Cleafy’s solution is able to identify and block fraudulent transactions, account takeovers, phishing, malware, and other cyber threats, while ensuring the privacy and security of the customers’ data.

Cleafy was founded in 2014 by Matteo Bogana, Niccolò Pastore, and Carmine Giangregorio, who have extensive experience in cybersecurity and online fraud prevention. The company currently serves over 100 million digital customers across major global banking groups such as Findomestic by BNP Paribas group and ING Bank Romania, as well as fast-growing banks and fintech firms.

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