Tuhk Inc., a fintech startup founded by former Ethoca and NuData Security executives, has raised US$6 million in seed funding led by FINTOP, with participation from Lloyds Banking Group and Capital One Ventures. The company aims to transform the payments ecosystem by enabling secure, real-time collaboration between merchants, banks and service providers to combat the global US$10.5 trillion cybercrime challenge.
Financial Technology Insights: Sound Point Partners With CAIS to Expand Private Credit Access
Built on a distributed infrastructure, Tuhk’s platform connects previously fragmented data sources to create a unified intelligence network that prevents fraud, improves transaction approvals, reduces chargebacks and accelerates dispute resolution. The funding will support the company’s near-term commercial launch in the United Kingdom, United States and Canada in partnership with leading financial institutions and merchants. Through real-world deployments, Tuhk expects to demonstrate measurable impact on first-party fraud and misuse.
The company’s global expansion plans include deeper integrations with financial systems to enhance risk decisioning, improve customer experience and strengthen the industry’s defense against emerging threats.
Financial Technology Insights: Lower Names Gino Fronti to Lead West Coast Growth, Advance AI
Andre Edelbrock, Co-Founder and CEO of Tuhk, said the investment signals broad industry confidence in the platform’s collaborative approach. He noted that the capital will accelerate development of Tuhk’s technology, enabling secure data exchange and coordinated, real-time decision-making across the payments ecosystem.
Financial Technology Insights: Fujitsu & Sony Bank Integrate Generative AI into Core Banking
Leaders from Lloyds Banking Group, Capital One Ventures and FINTOP also highlighted the importance of collaboration in combating financial crime. They said the partnership reflects a shared commitment to leveraging data, innovation and collective intelligence to build safer financial systems and deliver better outcomes for customers.
Tuhk believes its model—built around secure collaboration—can reshape fraud prevention and drive growth across the payments landscape as financial crime becomes increasingly sophisticated.
To share your insights with the FinTech Newsroom, please write to us at info@intentamplify.com