Cleafy Raises €12 Million for Digital Banking Fraud Prevention

• •Cleafy raised €12 million in a Series B funding round.
• •Total funding for Cleafy now stands at €22 million.
• •The investment aims to enhance fraud prevention technology for digital banking.

Cleafy, an Italian firm specializing in fraud prevention technology for digital banking, has successfully raised €12 million in a Series B funding round. This round was co-led by United Ventures and eCAPITAL, contributing to a total funding of €22 million for the company. The funding aims to enhance Cleafy's capabilities in protecting banks from fraudulent activities. The firm focuses on providing advanced solutions to combat increasing digital banking fraud. The investment reflects growing confidence in Cleafy's technology and its potential impact on the financial sector. The funding will likely be used to expand operations and develop new features to better serve clients. Cleafy operates in a critical area of cybersecurity, addressing vulnerabilities in digital banking systems. The overall market for fraud prevention in banking is expected to grow, presenting opportunities for firms like Cleafy.