Fraudio Raises New Funding Led by Alea Capital Partners to Scale AI Fraud Detection

Fraudio, a real-time payments, fraud prevention platform has raised a new funding round led by Alea Capital Partners to accelerate its international expansion and further develop its AI-powered fraud detection technology.

As instant payments, digital wallets, and real-time transfers become increasingly widespread, the need for fraud detection systems that operate in milliseconds has become critical. Fraudio’s platform applies advanced machine learning and behavioral analytics to detect suspicious activity in real time while minimizing friction for legitimate users. This enables financial institutions, fintech companies, and payment platforms to monitor transactions instantly while reducing fraud-related losses and false declines.

 “This round is about scaling in earnest,” said João Moura, founder of Fraudio. “The immediate priority is building out the commercial team with more sales and partnership capacity and converting the traction we have already demonstrated into predictable, recurring growth. In parallel, we continue to invest heavily in the product, because in real-time payments, fraud doesn’t wait for you to catch up. From Portugal, we are building a global company with the ambition to lead in fraud prevention.”

From Alea’s perspective, the investment reflects the firm’s focus on supporting high-growth AI-driven technology companies. Fraudio has built significant moats in digital infrastructure and financial services. “Fraudio has achieved incredible growth in the last year with highly disciplined capital efficiency and is poised to continue. As Fraudio grows so does the value delivered to its current and future clients, with the network effects created by its AI-driven plug-and-play payment fraud prevention solution,” said John Lambe, Ventures Partner at Alea. “Fraudio has developed a powerful AI-driven platform that allows payment providers and financial institutions to identify fraudulent behavior in milliseconds while maintaining a seamless experience for legitimate users. Fraudio has strengthened sales processes, launched significant new product components (including the Rules Library), and secured new clients such as GnosisPay and PayTabs. We are excited to keep supporting the team as they scale internationally and continue strengthening their technology.”

“With the rapid growth and adoption of technology and AI, cybersecurity has become an essential pillar of today’s digital economy. Fraudio’s payment fraud prevention solution directly addresses a critical and fast-evolving challenge, as businesses increasingly seek robust and scalable protection against financial crime. The strong market traction already achieved reinforces the relevance and differentiation of the company’s value proposition,” said Tiago Roquette Geraldes, Private Equity Director of IMGA. “Backed by a highly experienced team and a clear, execution-focused strategy, we have strong conviction in Fraudio’s ability to deliver on its growth ambitions. We are particularly excited to support the company in this next phase, contributing to its international expansion, strengthening its market positioning, and helping build a globally recognized brand in the fraud prevention space.” 

For businesses, the impact translates into reduced fraud losses and leaner dispute and chargeback operations. For consumers, this means fewer false positives — fewer legitimate transactions incorrectly declined — and greater confidence when making payments and transfers in digital environments, particularly on real-time and instant payment rails where transaction decisioning happens in milliseconds.

Over the next 12–18 months, Fraudio plans to expand its detection capabilities to address emerging fraud patterns such as mule account networks and fast-spend behavioral attacks. The company is also strengthening partnerships with payment service providers, digital banks, and payment platforms to accelerate adoption across new markets.

Portugal plays a central role in Fraudio’s growth strategy. The company continues to build its core engineering and product capabilities in the country while operating within European regulatory frameworks such as PSD2 and SEPA Instant, and evolving EBA guidelines — while building a global operation with the ambition to lead in fraud prevention for real-time payments.