Czechia-based fraud prevention fintech, Resistant AI, has successfully raised $25 million in a Series B funding round, with the capital designated for market expansion and the enhancement of its threat intelligence capabilities.
The funding round was led by German venture capital firm DTCP, and saw participation from existing investors Experian, Notion Capital, and GV (formerly Google Ventures). GV had previously spearheaded Resistant AI’s $16.6 million Series A round in 2021. Since that earlier investment, Resistant AI has reported a tenfold increase in its annual recurring revenue and a fourfold expansion of its customer base.
Resistant AI, which operates with a team of 100 employees across three global offices, provides an AI-powered document fraud detection platform and transaction monitoring models. Its technology is designed to identify fraudulent financial documents such as bank statements, utility bills, tax forms, pay stubs, and identification documents. These tools are applied in various financial processes including tenant screening, client onboarding, merchant verification, loan underwriting, and employment background checks. Current clients include AXA, Finom, and Bank of Valletta.
The company differentiates its approach from emerging AI-powered fraud detection solutions that utilize large language models (LLMs). Resistant AI argues that LLM-based agents are “structurally unable to perform the quantitative risk analysis needed to combat fraud and fincrime, suffer from high systemic hallucination rates of 10-30%, and have proven extremely difficult to keep secure from adversarial manipulation.”
Instead, Resistant AI employs purpose-built machine learning models that analyze documents, transactions, and behavioral patterns. These models integrate with existing risk infrastructure to detect advanced financial crimes, including authorized push payment fraud, money muling, and generative AI document fraud.
