Bank fraud protection firm Cleafy raises €12 million

ChainWatcher · 2026-03-18T00:25:07+00:00

Cleafy, founded in 2014, protects over 250 million users and serves 150 financial institutions. Its new funding will enhance fraud detection capabilities and expand into key markets, addressing the rise of AI-driven attacks in banking.

ChainWatcher

2026-03-18 00:25:07

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The Milan-based company serves more than 150 financial institutions across Europe and Latin America and protects over 250 million end users; clients include ING, BCC Iccrea Group, Illimity Bank, and BPS (Suisse).

Founded in 2014, Cleafy’s technology proactively detects and prevents online banking fraud in real-time. With the launch of Cleafy for Workforce, the approach now extends to detecting insider threats and compromised accounts within corporate systems.

The new capital will be used to accelerate the development of its predictive capabilities, scale threat analysis globally, and drive expansion into key banking markets across Europe and Latin America.

Matteo Bogana, CEO & co-founder at Cleafy, comments: “While fraudsters weaponize AI to scale attacks at machine speed, European banks are fighting back with outdated, reactive tools. We built Cleafy to change this equation fundamentally, reconstructing how attacks form and stopping them weeks before they can cause damage. Our zero customer churn over more than a decade proves this approach works.”

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