TLDR: Madrid-based cybersecurity firm Acoru has successfully raised €10 million in Series A funding, led by 33N Ventures with continued support from Adara Ventures and Athos Capital. The capital will accelerate the development of its AI-powered platform, designed to predict and prevent sophisticated financial scams and disrupt money mule networks before transactions occur. This move comes as generative AI tools like deepfakes and voice cloning are significantly escalating global fraud losses, estimated at nearly $500 billion annually.
Madrid, Spain – October 22, 2025 – Acoru, an innovative cybersecurity startup based in Madrid, today announced the successful closure of a €10 million Series A funding round. The investment was spearheaded by 33N Ventures, a European venture capital fund specializing in cybersecurity, with existing investors Adara Ventures and Athos Capital also participating. This significant capital injection is set to fuel Acoru’s mission to enhance its AI-native platform, enabling banks to proactively predict and prevent AI-powered fraud and money laundering activities.
Founded in December 2023 by cybersecurity veterans Pablo de la Riva Ferrezuelo (CEO) and David Morán, Acoru addresses a critical gap in the financial crime prevention landscape. Both founders bring over two decades of experience, having previously co-founded Buguroo, which later rebranded as Revelock and was acquired by Feedzai, protecting millions of users worldwide. Their latest venture, Acoru, focuses on detecting criminal intent and pre-fraud signals, a paradigm shift from traditional systems that often react to fraud after it has occurred.
The urgency for such advanced solutions is underscored by the escalating threat of generative AI. Sophisticated tools like deepfakes, voice cloning, and social engineering are now being leveraged by cybercriminals to execute highly convincing scams, particularly Authorized Push Payment (APP) fraud. These AI-enabled schemes are contributing to global fraud and bank scam losses, which are rapidly approaching an estimated $500 billion annually. Existing fraud detection systems, often built on older technologies, are proving too slow and ill-equipped to combat these evolving, human-faking AI threats.
Acoru’s core offering is its Account Monitoring Platform. This platform continuously monitors both first-party and counterparty accounts, evaluating every event across all channels. It scores, classifies, and builds intelligent, evolving risk profiles for each account, identifying subtle patterns such as clusters of micro-transactions or unusual interaction behaviors indicative of AI-driven automation. The platform also facilitates a unique ‘Acoru Consortium’ model, allowing participating financial institutions to securely exchange account classifications and create a collective defense against organized criminal networks.
Pablo de la Riva Ferrezuelo, CEO and co-founder of Acoru, emphasized the changing nature of financial crime: “AI has changed the face of fraud and money laundering. You simply cannot expect technology built in 2010 to combat fraud happening in 2025. Our approach predicts future victims, money mules and accounts at risk of being laundered by detecting the earliest warning signals others can’t see. With our innovative consortium model, banks can finally exchange account classifications through a centralised network that creates a truly collective defence. This is a paradigm shift in how fraud is fought.”
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The new funding will be instrumental in accelerating Acoru’s technology development, expanding its team, and supporting banks in navigating new regulatory requirements. Regulations such as PS23/4 and PSD3 are introducing mandatory scam reimbursements and enhanced reporting, placing increased financial liability and compliance pressure on financial institutions. Acoru’s proactive platform aims to help banks meet these demands by preventing fraud before it impacts customers and their bottom line.
