Madrid-based Acoru just closed a €10 million Series A round led by 33N Ventures, with participation from existing backers Adara Ventures and Athos Capital.
The cybersecurity startup is tackling a massive problem: AI-enabled financial fraud that's costing banks nearly $500 billion every year globally.
The Founders Fighting Back Against Digital Thieves
Acoru is a fraud prevention platform that predicts scams before money moves.
Founded in December 2023 by Pablo de la Riva Ferrezuelo and David Morán, the company emerged from the minds of two cybersecurity veterans who previously built Buguroo (later Revelock), which Feedzai acquired in 2021.
The platform monitors banking activity across all channels, analyzing not just individual accounts but every account they interact with.
This creates what Acoru calls an “intelligent account profile” that flags suspicious behavior like micro-transactions, unusual interaction patterns, or signs of AI-driven automation.
The €10M Question: Why Investors Are Betting Big
Traditional fraud detection systems wait until after transactions happen. That's too late.
With deepfakes, voice cloning, and social engineering scams becoming mainstream, banks need to spot criminal intent earlier.
Acoru's Account Monitoring Platform addresses Authorized Push Payment fraud – where victims willingly transfer money to scammers – which now represents over 70% of total fraud losses.
The timing is critical as new European regulations like PS23/4 and PSD3 require banks to share reimbursement costs for fraud victims.
Deal Breakdown
| Parameter | Details |
|---|---|
| Funding Amount | €10 Million |
| Round Type | Series A |
| Lead Investor | 33N Ventures |
| Other Investors | Adara Ventures, Athos Capital |
| Date | October 2025 |
| Valuation | Undisclosed |
| Total Raised | €14 Million |
| AICurator Rating | 4.2/5 |
The funds will accelerate product development, expand the team, and help Acoru scale across Europe and the Americas.
Acoru's Funding Journey
| Round | Amount | Date | Investors |
|---|---|---|---|
| Seed | €4 Million | May 2025 | Adara Ventures, Athos Capital |
| Series A | €10 Million | October 2025 | 33N Ventures, Adara Ventures, Athos Capital |
What Happens Next?
Acoru is already live with its first banking customers across Europe.
The company aims to create a collective defence network where financial institutions can share account risk classifications to fight fraud together.
Carlos Moreira da Silva, Partner at 33N Ventures, sees this as addressing one of banking's toughest challenges.
With AI making scams more sophisticated every day, Acoru's pre-fraud detection approach could become the new standard for financial crime prevention.
The real test? Whether Acoru can scale fast enough to stay ahead of fraudsters who are also using AI to evolve their tactics.
Follow Acoru's Growth Story
| Platform | Link |
|---|---|
| Website | acoru.com |
| linkedin.com/company/acoru |
