Resistant AI, a major player in the development of artificial intelligence models focused on financial crime and fraud prevention, has raised $25 million in a Series B funding round. This funding round was led by DTCP, with substantial participation from existing investors like Experian, GV, and Notion Capital.
The funding will be instrumental in strengthening Resistant AI’s reputation as a profitable leader in the EU’s AI landscape, particularly as the company aims to expand its document fraud detection and transaction monitoring services into new regions and establish additional partnerships.
The timing of this funding is significant as the anti-fraud and regulatory technology (regtech) market is experiencing rapid changes. Traditional methods are being replaced by more dynamic, cost-effective solutions that utilize AI.
However, many of these large language model-based agents struggle with critical tasks such as quantitative risk analysis needed to combat fraud effectively. These models also face challenges, including high rates of systemic inaccuracies and vulnerabilities to manipulation, which can hinder their effectiveness.
To address these challenges, Resistant AI focuses on protecting and enhancing the capabilities of AI agents, as well as supporting the overwhelmed teams responsible for fraud detection, risk management, and compliance. Their advanced machine learning models are designed to identify fraud within documents, transactions, and user behaviors. By integrating insights from a customer’s broader risk technology toolkit, Resistant AI improves the accuracy and relevance of fraud detection, particularly against sophisticated threats such as real-time payment fraud, synthetic identity fraud, and complex money laundering schemes.
The landscape of financial crime is rapidly evolving, heavily influenced by advancements in artificial intelligence. An alarming 35% of businesses report experiencing fraud linked to generative AI technologies. And Resistant AI’s Threat Intelligence research highlights the emergence of a robust Fraud-as-a-Service economy, marked by online marketplaces offering over 160,000 pre-verified accounts from more than 3,000 financial institutions, facilitating APP scams that have resulted in significant economic losses.
As regulatory bodies worldwide adopt mandatory reimbursement measures for APP fraud—similar to those introduced by the UK’s Payment Systems Regulator—the need for sophisticated fraud detection solutions becomes increasingly critical.
Since its Series A funding, Resistant AI has seen impressive growth, with its Annual Recurring Revenue soaring tenfold and its customer base expanding fourfold. The company has established itself as the leading provider of AI-driven document fraud detection, having verified over 150 million documents and analyzed fraud and anti-money laundering transactions, resulting in a hundredfold increase in demand for advanced fraud detection in financial services.
Resistant AI serves a diverse array of clients, including global financial institutions, fintechs, and major enterprises. Notable clients include Dun & Bradstreet, Payoneer, Close Brothers, PennyMac, AXA, Anna Money, Finom, and the Bank of Valletta. With a team of over 100 dedicated professionals, Resistant AI operates from offices in Prague, London, and New York, reinforcing its position as a leader in the fight against financial crime.
KEY QUOTES:
“The financial crime landscape has fundamentally changed with the deployment of LLMs and AI agents in risk prevention settings, and the weaponization of generative AI by fraudsters. Our fraud and fincrime models offer any institution the tools to empower both their human and agentic co-pilots to combat these AI-powered threats at scale. This funding, combined with our near-term path to profitability, allows us to accelerate our mission of protecting the global financial system from increasingly sophisticated criminal networks.”
Martin Rehak, CEO and Founder of Resistant AI
“Resistant AI represents the future of financial crime prevention, with their in-house built multi-model approach to fraud detection marking a paradigm shift in how financial institutions can protect themselves and their customers. We look forward to partnering with Martin and the Resistant AI team to support the business in its next stage of growth.”
Michael Rager, Partner at DTCP Growth
