European fraud prevention firm Trustfull has closed on a €6 million investment round led by Seaya Ventures and Elevator Ventures, according to a note from the company. Existing investor United Ventures also participated in the round.
The new money is expected to be used to promote the service across Europe.
Trustfull was founded based on the rapid growth of digital fruad which is expected to grow from $33.1 billion in 2024 to $90 billion by 2030.
Founded in 2020, Trustfull offers AI agents that analyze 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.
Marko Maras, CEO of Trustfull, said the funding was validation for their mission.
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 analyze 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 reports that it is 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.
Trustfull clients include Nexi, Ing Bank, Scalapay, Elavon, Cofidis, AirHelp, and Sisal.
