Trustfull, a company that provides a fraud prevention platform using open-source intelligence, has secured EUR 6 million in funding. The round was led by Seaya Ventures and Elevator Ventures with additional support from United Ventures.

With its advanced AI technology analyzing numerous digital signals such as phone numbers, emails, IP addresses, and web domains in real time, Trustfull enhances KYC (Know Your Customer), KYB (Know Your Business), and AML (Anti-Money Laundering) processes. Its clients include notable enterprises like Nexi, Ing Bank, Scalapay, Elavon, Cofidis, AirHelp, and Sisal.

Seaya Ventures: Supporting Startup Growth

Seaya Ventures leverages the strategic vision of founders to fuel startup growth while providing a global platform and an extensive network of industry leaders. Drawing on its expertise from supporting companies like Glovo, Cabify, Wallbox, and more, Seaya Ventures focuses on international expansion.

Expansion Plans and Strategic Objectives

The recent funding will help Trustfull expand across Europe by bolstering its sales and marketing teams. It also aims to diversify its product offerings to combat the evolving landscape of fraud detection, especially with the rise of AI-driven threats such as synthetic identity attacks, deepfake scams, and large-scale phishing.

By strengthening its presence in Italy, Spain, and France, while also entering other promising European markets, Trustfull intends to enhance its advanced fraud detection features. This will significantly accelerate the deployment of current solutions for protecting account openings and preventing account takeovers.

Future Projections

Trustfull is poised to process over 100 million checks annually by the end of 2025, driven by widespread adoption across various sectors, including banking, payments, travel, e-commerce, and iGaming.