Trustfull, a company committed to preventing digital fraud, has announced that it has closed a new €6 million financing round led by Spanish fund Seaya Ventures and participated in by Elevator Ventures, which is entering the company’s capital, and United Ventures, already an investor since 2022. Thanks to this capital increase, Trustfull aims to further strengthen its presence in Italy, Spain and France, as well as accelerate its expansion into new European markets.
The capital increase comes at a strategic moment for the global anti-fraud technology sector, which is estimated to grow from $33.1 billion in 2024 to over $90 billion by 2030 (source: GrandView Research). This growth is largely driven by the rise in digital fraud, such as synthetic identities, deepfakes and phishing, which is pushing companies to adopt increasingly sophisticated and innovative solutions.
Founded in Milan in 2020, Trustfull has developed a cloud platform that uses open source intelligence (OSINT) and proprietary algorithms to prevent online fraud. Through AI agents, the system analyses hundreds of digital signals from phone numbers, emails, IP addresses and websites in real time, assessing the risk of users and companies.
Trustfull’s main use cases include identity verification during digital onboarding, monitoring suspicious transactions, preventing account takeovers, and combating identity theft.
Thanks to its versatile architecture based on API (application programming interface), Trustfull easily integrates with existing digital systems, adapting to different sectors such as banking and financial services, e-commerce, i-gaming and travel.
“We are thrilled to welcome Seaya Ventures and Elevator Ventures as new investors, and deeply grateful to United Ventures for continuing to support our journey,” said Marko Maras, CEO of Trustfull, in a statement (pictured) in a statement. “This funding provides us with the resources to consolidate what we have built so far, tackle the next phase of growth with determination, and achieve our mission: to prevent digital fraud without compromising the user experience.”
The new resources will be used to strengthen the team in Italy, accelerate expansion into new European markets and develop advanced solutions capable of combating current and future digital fraud. The latter, which is becoming increasingly complex and supported by artificial intelligence, requires innovative and adaptable technologies, in which Trustfull intends to invest to ensure effective and cutting-edge protection.
“Trustfull is rewriting the rules of digital fraud prevention,” says Aris Xenofontos, partner at Seaya Ventures. “The ability of their technology to analyse hundreds of digital signals in real time positions them as true leaders in the European trust-tech landscape. At Seaya, we are proud to accompany them on this path of global growth.”
Maximilian Schausberger, managing director of Elevator Ventures, adds: “In a world where fraud is becoming increasingly sophisticated, Trustfull is redefining the standards of digital risk assessment and online security. We are proud to support the team in the ongoing development of a robust platform that is set to leave a lasting mark on the industry.”
With growth that will see it exceed 100 million checks per year by the end of 2025, Trustfull counts financial institutions and companies such as Nexi, ING Bank, Scalapay, Elavon, Cofidis, AirHelp and Sisal among its customers.
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