Heka, a fintech innovator, has secured $14 million in Series A funding to advance its AI-powered identity intelligence platform for financial institutions. Announced on July 15, 2025, the round, led by Windare Ventures with participation from Barclays and Cornèr Banca, will fuel Heka’s expansion in the U.S. and Europe, addressing the rising tide of consumer fraud, which reached $12.5 billion in losses last year.
Heka raises $14M Series A led by Windare Ventures, Barclays.
AI platform detects fraud using real-time web data analysis.
Caught 65% of account takeover losses in a recent deployment.
Serves banks, payment processors, and pension funds.
Funds to accelerate U.S. and European market expansion.
Combats $12.5B in fraud losses, up 38% year-over-year.
Consumer fraud surged 38% last year, driven by synthetic profiles and AI-generated content, costing $12.5 billion. Traditional tools like credit bureau data and velocity models fall short in detecting online threats. “Heka was built to close that gap,” leveraging publicly available web data to create dynamic digital profiles, said Idan Bar-Dov, Co-founder and CEO of Heka. The platform’s AI engine identifies alias use, reputational risks, and behavioral anomalies, enabling faster fraud detection.
Heka’s core technology, an analyst-grade AI agent, processes vast web data to deliver structured outputs like fraud indicators and updated contact details. In a recent case, it detected 65% of account takeover losses for a global payment processor without impacting legitimate users. “Identity isn’t a fixed file anymore. It’s a stream of behavior,” said Ori Ashkenazi, Managing Partner at Windare Ventures, highlighting Heka’s real-time capabilities.
Heka’s platform is already integrated into the workflows of leading banks, payment processors, and pension funds, supporting fraud mitigation, account management, and recovery. “Heka’s offering stood out for its ability to address a critical need in financial services – helping institutions make faster, smarter decisions using trustworthy external data,” said Kester Keating, Head of US Principal Investments at Barclays. This transparency ensures compliance and auditability.
Founded in 2021 by Rafael Berber, Ishay Horowitz, and Idan Bar-Dov, Heka combines expertise in finance, intelligence, and fintech law. “The credit bureaus were built for another era. Today, both consumers and risk live online,” Bar-Dov noted. The $14 million funding will drive Heka’s growth across North America and Europe, strengthening its role as a leader in real-time identity intelligence.
Heka’s AI-driven approach redefines digital trust, empowering financial institutions to combat fraud, streamline compliance, and enhance customer engagement with unparalleled precision and speed.
Heka delivers web intelligence to financial services. Its AI engine is used by banks, payment processors, and pension funds to fill critical blind spots in fraud mitigation, credit-decision, and account recovery. The company was founded in 2021 and is headquartered in New York and Tel Aviv.
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