Trustfull, a provider of seamless fraud prevention technology, has secured €6 million in funding to expand across Europe by growing its sales and marketing team and broadening its product lineup to tackle new and evolving fraud threats.
Founded in 2020, Trustfull provides an advanced fraud prevention platform built on open-source intelligence. Its AI-driven system analyses hundreds of digital signals, such as phone numbers, emails, IP addresses, and web domains, to assess user risk in real time, enhancing KYC, KYB, and AML processes.
Marko Maras, CEO of Trustfull, commented:
We’re excited to welcome Seaya Ventures and Elevator Ventures as new investors in Trustfull, and grateful for the continued support of United Ventures as an existing shareholder.
This new round is a strong validation of our mission to help businesses strike the right balance between fraud prevention and seamless customer experience, and it reflects our proven track record delivering measurable impact for enterprise clients.
Trustfull 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. Enterprise clients of Trustfull include Nexi, Ing Bank, Scalapay, Elavon, Cofidis, AirHelp, and Sisal.
The investment comes at a pivotal moment for the global fraud detection and prevention market, which is projected to nearly triple from $33.1 billion in 2024 to $90 billion by 2030. This growth is fueled by high demand for technology that can counteract surging AI-driven fraud, ranging from synthetic identity attacks to deepfake scams and large-scale phishing campaigns.
The round was led by Seaya Ventures and Elevator Ventures, with the participation of existing investor United Ventures.
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 analyse 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.
Maximilian Schausberger, Managing Director at Elevator Ventures, highlighted that as fraud tactics grow more advanced, Trustfull is setting a new benchmark for digital risk evaluation and building greater trust online:
We are proud to support the team as they continue to build a category-defining platform with lasting impact.
The new funding will help Trustfull deepen its presence in Italy, Spain, and France, while accelerating expansion into other high-potential European markets. It will also support the development of advanced fraud detection features and boost adoption of its existing solutions for account opening protection and account takeover prevention.
Lead image: Marko Maras, CEO of Trustfull | Photo: Uncredited
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