Acoru, a Madrid-based company, secured €10 million in Series A funding. 33N Ventures led the round. Adara Ventures and Athos Capital also participated. This capital will advance its AI-driven platform.
The platform predicts financial scams and disrupts money mule networks.
Global fraud and bank scams cost nearly $500 billion annually. Generative AI schemes, deepfakes, and voice cloning drive these losses. Most existing tools fail to detect Authorized Push Payment (APP) fraud. They also miss crucial intent signals. Acoru's Account Monitoring Platform addresses this gap. It classifies both first-party and counterparty accounts. This predicts APP fraud and prevents scams. The platform links pre-fraud signals and monitors accounts continuously. It builds evolving risk profiles. The system flags patterns like micro-transactions or unusual interactions. This indicates AI-driven automation. Fraud teams can then intervene early. They block suspicious activity and freeze complicit accounts.
Acoru also enables banks to exchange account classifications. This creates a collective defense against fraud.
Cybersecurity veterans Pablo de la Riva Ferrezuelo and David Morán founded Acoru in December 2023.