Cleafy Raises €10M in Funding


Cleafy, a Milan, Italy-based technology company which specializes in advancing proactive fraud prevention solutions for digital banking, raised €10M in funding.

The round was led by United Ventures through the fund UV T-Growth. As part of the transaction Moviri group, Cleafy’s parent company and one of the early-stage investors, will retain a minority stake while relinquishing control.

The company intends to use the funds to develop its technology platform further as it expands into new markets.

founded in 2014 by Matteo Bogana, who holds a PhD in computational physics from the Politecnico of Milan and has over 10 years of experience as Director at PoliHub Innovation Center, Niccolò Pastore, with 10+ years of experience in cybersecurity, big data, and distributed systems on the internet, and Carmine Giangregorio, an expert in cybersecurity, Cleafy provides a platform that operates in the field of fraud prevention, cybersecurity, data and software development. The underlying technology identifies and prevents financial fraud in real time, while ensuring a safe and seamless user experience. Its platform is safeguarding over 100 million digital users against financial online fraud and its client base includes banking groups like Findomestic by BNP Paribas group, and ING Bank Romania, as well as banks and fintech players like illimity Bank.

Commenting on the news, Matteo Bogana said: “Cleafy’s real-time fraud prevention platform is a prime example of such a technology, and we have been impressed by the team’s expertise and commitment to building a safer digital world. We believe that Cleafy’s technology has the potential to transform the way we approach online security and we look forward to working with the team to help them achieve their vision.”