How Acoru is Fighting Fraud and Money Laundering by Leveraging AI

Acoru, a Madrid-based AI-powered platform to monitor financial fraud and money laundering, led by Pablo de la Riva Ferrezuelo and David Morán, has secured a €10 million Series A round led by 33N Ventures with participation from Adara Ventures and Athos Capital also joined the round.

Generative AI-driven scams, like deepfakes, voice cloning, and social engineering, are driving global fraud losses of nearly $500 billion annually. Current solutions focus on transactions, events, and sessions, leaving gaps in detecting Authorized Push Payment (APP) fraud, where victims are tricked into sending money to fraudsters, and in identifying early fraud intent signals.

Acoru helps banks spot fraud early, preventing users from becoming unwitting money mules. By monitoring accounts and interactions in real time, it flags suspicious patterns, like micro-transactions or AI-driven scams, before transfers occur. This proactive approach is critical as new regulations make banks share the cost of reimbursing fraud victims.

Founded in December 2023, Acoru is the second venture for cybersecurity and fraud prevention experts Pablo de la Riva Ferrezuelo and David Morán. In under two years, the company has grown to a global team of 30+ and achieved strong revenue by serving banks and financial institutions of all sizes.