Cleafy Secures €12M Funding to Proactively Combat Banking Fraud

Cleafy, a Milan-based cybersecurity company, has raised €12 million in its Series B funding round to advance its predictive defense technology aimed at preventing bank fraud before it occurs. For over ten years, Cleafy has advocated that banks must shift away from reactive fraud detection and adopt strategies that anticipate and block fraudulent activities, especially as AI-driven fraud becomes more sophisticated.