Resistant AI has secured $25 million in Series B funding led by DTCP Growth to enhance its fraud detection and transaction monitoring solutions in a rapidly evolving financial crime landscape.

Target Information

Resistant AI is a premier provider of artificial intelligence solutions specialized in combatting financial crime and fraud. Recently, the company secured $25 million in a Series B funding round, marking a significant milestone in its growth trajectory. The funding round was spearheaded by DTCP Growth, with notable contributions from existing investors such as Google Ventures (GV), Notion Capital, and Experian, all of whom reaffirmed their commitment by investing additional capital. This funding will enable Resistant AI to expand its offerings in document fraud detection and transaction monitoring while bolstering its threat intelligence capabilities across Europe.

Industry Overview in Europe

The market for anti-fraud solutions in Europe is currently undergoing a transformation driven by advanced technology, specifically artificial intelligence. Financial crime has increasingly become pervasive, with businesses facing unprecedented challenges due to the rise of fraud linked to generative AI technologies. Recent statistics indicate that 35% of companies have reported experiencing incidents of fraud associated with this technology, underscoring the urgency for innovative solutions.

Moreover, the Fraud-as-a-Service ecosystem is developing rapidly, showcasing a troubling trend where illicit markets are selling over 160,000 pre-verified accounts from various financial institution