Heka Global has successfully raised $14 million in a Series A funding round led by Windare Ventures, with participation from Barclays, Cornèr Banca SA, and other prominent institutional investors. This latest round positions the company to significantly expand its real-time identity intelligence platform, a solution poised to transform how financial institutions verify customer identities and fight synthetic fraud using live behavioral data.

Moving Beyond Static Identity Models

Traditional identity systems have long depended on outdated sources - such as credit bureaus, stale databases, and limited customer records. These methods are increasingly ineffective against modern fraud, which evolves rapidly through tactics like burner accounts, AI-generated profiles, and coordinated identity fabrications. Heka is pushing past this broken model. Instead of retroactive verification, their platform constructs dynamic identity profiles in real time by gathering public web data, social indicators, registries, and behavioral signals.

This breakthrough enables banks and fintechs to assess customer legitimacy based on how they behave and interact in the digital world - not just on how they appear on paper.

How Heka’s Platform Works

At its core, Heka’s AI-driven platform emulates the precision of human analysts, scanning diverse, decentralized data sources to paint a contextual portrait of each identity. The system captures nuanced indicators - like activity on obscure forums, sudden address changes, and reputational shifts - and weaves them into actionable intelligence. These risk insights are seamlessly integrated into client workflows, helping institutions make faster, safer decisions at scale.

Rather than relying on black-box scoring models, Heka emphasizes transparency and explainability. Each decision is tied to verifiable web sources, allowing compliance officers and regulators to trace the origin of every insight. This elevates trust and accountability, especially in regulated industries.

One of the most compelling elements of Heka’s journey is what it teaches founders about challenging the status quo. While many startups treat foundational infrastructure - like credit bureaus - as fixed realities, Heka reframed the entire notion of identity itself. What if identity isn’t a static credential, but a living, breathing signal? That paradigm shift turned compliance into a competitive advantage. Instead of merely asking “is this user who they say they are?” Heka enables institutions to ask, “does this person’s real-time behavior and reputation match their declared identity?” The implications are massive. It’s a strategic unlock that extends beyond fintech: in any industry, the biggest opportunities often lie behind your customers’ deepest assumptions. Founders should regularly ask themselves: what do my users believe is permanent, but actually isn’t?

Strong Results and Rapid Adoption

Heka’s model isn’t just theoretical - it’s already producing measurable results. In a pilot with a major payments platform, the system flagged over 65% of fraudulent accounts in real time, dramatically reducing financial losses and customer churn. And crucially, it achieved this without inflating false positives or harming the onboarding experience.

Financial institutions across Europe and North America are rapidly adopting Heka’s technology to streamline account recovery, enhance fraud prevention, and reconnect with dormant or misplaced customer accounts - particularly in areas like pensions, insurance, and digital banking.

Explainability as a Competitive Advantage

Explainability is one of the most critical pillars of trust in AI. Heka differentiates itself from other fraud prevention platforms by offering fully traceable risk evaluations. Every insight delivered by the platform is backed by a clear data trail, offering clarity not only to product teams, but also to regulators and auditors. This approach ensures organizations can meet growing compliance demands while still leveraging cutting-edge technology.

Global Expansion and Strategic Vision

With its Series A funding, Heka is setting its sights on global scale. The company plans to grow its teams in Tel Aviv and New York, invest further in R&D, and deepen integrations with financial institutions in the U.S., U.K., and across Europe. As fraud threats become increasingly sophisticated, Heka’s proactive, intelligence-first approach offers a robust and agile defense layer for any organization dealing with identity at scale.

Meet the Founders Behind the Mission

Heka was co-founded by CEO Idan Bar-Dov, a seasoned fintech attorney, along with Ishay Horowitz, a former intelligence officer, and Rafael Berber, a former head of global equity trading. Together, the trio brings deep expertise in finance, cybersecurity, and data infrastructure, giving the company both strategic insight and operational muscle. Their team has grown to over 30 employees spanning data science, compliance, product, and enterprise integrations.

Why This Raise Matters Now

Fraud is no longer an edge-case problem - it’s a systemic challenge affecting millions of users and billions in capital. As online behavior becomes more dynamic and harder to track, institutions need identity systems that can evolve in step with users. Heka is answering that call with a platform that understands identity not as a fixed profile, but as a constantly shifting narrative.With $14 million in fresh funding, Heka Global is ready to lead the next evolution of fraud prevention - rooted in explainability, powered by intelligence, and built for a digital-first world.