Spanish Cybersecurity Firm Acoru Secures €10 Million to Combat AI-Powered Financial Crime

Funding for Next-Generation Fraud Prevention

Spanish cybersecurity platform Acoru has reportedly secured €10 million in Series A funding to expand its AI-powered fraud and money laundering detection technology, according to investment reports. The Madrid-based startup, founded in 2023 by cybersecurity veterans, focuses on predicting and preventing financial crime before transactions are initiated.

Funding for Next-Generation Fraud Prevention
Addressing the AI Fraud Epidemic
Distinctive Approach to Fraud Detection
European Context and Competitive Landscape
Consortium Model for Collective Defense
Investor Confidence in Veteran Fraud Fighters
Building on Founder Expertise

The funding round was led by 33N Ventures with participation from existing investors Adara Ventures and Athos Capital, sources indicate. This investment places Acoru within a broader European trend of growing funding for AI-driven financial crime prevention solutions throughout 2025., according to according to reports

Addressing the AI Fraud Epidemic

Analysts suggest that generative AI-driven scams including deepfakes, voice cloning, and social engineering are fueling unprecedented fraud losses. According to Acoru’s analysis, global fraud scams and bank fraud schemes result in approximately $500 billion in losses annually.

“AI has changed the face of fraud and money laundering,” Pablo de la Riva Ferrezuelo, CEO and Co-founder of Acoru, stated in the report. “You simply cannot expect technology built in 2010 to combat fraud happening in 2025.”

Distinctive Approach to Fraud Detection

What distinguishes Acoru from traditional solutions, according to the company‘s description, is its focus on pre-fraud detection and intent-based risk scoring. While existing solutions primarily monitor transactions, events, and sessions, Acoru’s platform reportedly detects criminal intent signals before money movement occurs.

The platform continuously monitors bank accounts and evaluates events across all channels, analyzing not only the target account but also any accounts it interacts with. Through this approach, the company claims to predict future victims, money mules, and accounts at risk of being used for money laundering by detecting early warning signals others might miss.

European Context and Competitive Landscape

Acoru’s funding fits within a broader European investment trend in AI-powered financial crime prevention. Reports indicate that in April 2025, Germany’s Hawk secured €51.8 million for its explainable-AI anti-money laundering platform, while Italy’s Trustfull raised €6 million in July. Most recently, Czechia’s Resistant AI secured €21 million in Series B funding for document-fraud and transaction-monitoring tools.

Against this backdrop, analysts suggest Acoru’s mid-range Series A highlights Spain’s growing participation in Europe’s FinTech and RegTech investment landscape.

Consortium Model for Collective Defense

Acoru’s innovative approach includes a consortium model that enables banks to exchange account classifications through a centralized network. “With our innovative consortium model, banks can finally exchange account classifications through a centralized network that creates a truly collective defense,” de la Riva Ferrezuelo explained in the report.

This collaborative approach has become increasingly important as new financial regulations mandate that victims of authorized push payments and unauthorized fraud receive reimbursements, with costs shared 50:50 between sending and receiving banks.

Investor Confidence in Veteran Fraud Fighters

Carlos Moreira da Silva, Partner at 33N Ventures, noted in the funding announcement that “voluntary fraud has become one of the most damaging and underestimated challenges in today’s financial system.” He emphasized that what impressed investors about Acoru was “the rare combination of deep domain expertise and execution excellence of the founding team.”

The Acoru Account Monitoring Platform classifies every first-party and counterparty account, helping banks predict authorized push payments, prevent fraud, stop scams, and protect customers while complying with banking regulations requiring shared scam reimbursements and fraud loss reporting.

Building on Founder Expertise

Founded in 2023, Acoru represents the second venture for founders Pablo de la Riva Ferrezuelo and David Morán, both described as cybersecurity and fraud prevention experts. Within two years, the company has reportedly built a global team of more than 30 professionals while achieving revenue growth through partnerships with banking and financial institutions of various sizes.

The platform’s technology is particularly relevant as financial institutions worldwide grapple with increasingly sophisticated AI-enabled fraud schemes that traditional detection systems struggle to identify until after financial damage has occurred.

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