Acoru, a Madrid-based startup that stops AI-enabled fraud and money laundering, has raised a €10 million Series A round to help banks predict and prevent AI-powered fraud and money laundering before any transaction is initiated.
The round was led by 33N Ventures with existing investors Adara Ventures and Athos Capital also joining the round.
Pablo de la Riva Ferrezuelo, CEO and Co-founder of Acoru, said: “AI has changed the face of fraud and money laundering. You simply cannot expect technology built in 2010 to combat fraud happening in 2025. The Acoru team has spent years within the cybersecurity and fraud prevention industries and realised we are failing to keep up with the changing fraud landscape.”
The Series A raised by Acoru fits into a broader 2025 European trend of AI-driven fraud and financial-crime prevention funding.
In April, Hawk (Germany) secured €51.8 million to scale its explainable-AI platform for AML and fraud detection. In July, Trustfull (Italy) raised €6 million to expand its fraud-prevention platform across Europe, while in August, Innerworks (UK) collected €3.7 million to grow its AI-powered fraud-intelligence solution.
Most recently, Resistant AI (Czechia) secured €21 million in Series B funding to advance document-fraud and transaction-monitoring tools.
Against this backdrop, Acoru’s mid-range Series A highlights Spain’s growing participation in Europe’s FinTech and RegTech investment landscape. Its focus on pre-fraud detection and intent-based risk scoring distinguishes it from transaction-centric incumbents, positioning it within a cohort of companies building proactive defenses against AI-enabled financial crime across the continent.
“Scammers today have more powerful tools at their disposal than ever before. Our approach predicts future victims, money mules and accounts at risk of being laundered by detecting the earliest warning signals others can’t see. With our innovative consortium model, banks can finally exchange account classifications through a centralised network that creates a truly collective defence. This is a paradigm shift in how fraud is fought,” added de la Riva Ferrezuelo.
Founded in 2023, Acoru is the second venture for Founders Pablo de la Riva Ferrezuelo and David Morán, both cybersecurity and fraud prevention experts. Within the last two years Acoru has built a global team of more than 30 people while posting revenue growth by working with banking and financial institutions of all sizes.
The Acoru Account Monitoring Platform classifies every first-party and counterparty account so that banks can predict authorised push payments, prevent fraud, stop scams, and protect customers in compliance with banking regulations that demand shared scam reimbursements to victims, reporting of fraud losses (PS23/4, PSD3), and encourage money mule reporting and collaboration amongst financial institutions.
Carlos Moreira da Silva, Partner, 33N, added: “Voluntary fraud has become one of the most damaging and underestimated challenges in today’s financial system. It hurts individuals, families, and institutions alike. These scams are notoriously difficult to detect and stop, and with the rise of AI they will only become more frequent, more sophisticated, and more impactful.
“What impressed us about Acoru is not just their vision, but the rare combination of deep domain expertise and execution excellence of the founding team. Only an exceptional team could design a platform this comprehensive, easy to deploy, and intelligent. At 33N Ventures, we are proud to back Acoru as they redefine how financial fraud is identified and prevented.”
Generative AI-driven scams – deepfakes, voice cloning and social engineering – are fueling fraud losses. According to Acoru, fraud scams and bank fraud schemes amount to losses of nearly $500 billion globally every year. Existing solutions are not designed to detect Authorised Push Payment Fraud (where a victim is tricked into willingly sending money from their own bank account to a fraudster’s account) or identify fraud intent signals; instead, they focus primarily on transactions, events, and sessions.
Acoru helps banks detect criminal intent earlier and prevent users from becoming unwitting or complicit money mules. By continuously monitoring bank accounts, Acoru evaluates every event across all channels, not only from the target’s bank account, but also any account it interacts with.
Its platform scores, classifies and predicts future risk through pre-fraud detection to build an intelligent model of each account. Signals, such as multiple micro-transactions or unusual interaction patterns that suggest fraudulent AI automation, are monitored and then flagged to banks to prevent activity before a money transfer can be initiated.
This has become increasingly important as new financial regulations come into force mandating that victims of authorized push payments and unauthorized fraud are reimbursed by sharing the cost 50:50 between the sending and receiving bank.
Built by successful veteran fraud fighters tracking criminal intent and criminal networks, Acoru connects pre-fraud signals with context across channels within a bank and across banks in the Acoru Consortium.
This enables fraud and financial crime teams to selectively block fraudulent transactions in victim and unwitting mule accounts while freezing complicit mule and money laundering criminal accounts before money is moved.
Read the orginal article: https://www.eu-startups.com/2025/10/predicting-scams-and-halting-fraud-spanish-cybersecurity-platform-acoru-raises-e10-million/
