Tuhk, a Canadian fintech founded by veterans of Ethoca and NuData Security, has raised $6 million in seed funding to accelerate the rollout of its real-time fraud-prevention and payments-intelligence platform. The round was led by FINTOP, with participation from Lloyds Banking Group and Capital One Ventures, marking a significant early validation from major financial institutions.
The company aims to address the escalating global cybercrime crisis, which is projected to reach US$10.5 trillion, by transforming fragmented merchant and bank data into a unified intelligence network. Tuhk’s platform is built to strengthen fraud prevention efforts, improve transaction approval rates, and reduce chargebacks through secure, real-time collaboration among merchants, financial institutions, and service providers. Its system is designed to support proactive threat detection and more efficient dispute resolution, ultimately helping institutions better protect legitimate customers.
With the new capital, Tuhk plans to accelerate its upcoming launch across the United Kingdom, the United States, and Canada through direct work with leading banks and merchants. The company expects live deployments to validate its collaborative model in real-world fraud scenarios, particularly in combating first-party fraud and transactional misuse. The company also plans to deepen its integrations within global financial systems to enhance risk decisioning and improve customer experience across the payments ecosystem.
Backed by investors with deep financial services experience, Tuhk positions itself as a platform that can advance industrywide collaboration to counter increasingly sophisticated fraud patterns. The company’s founders believe that unifying the payments ecosystem around shared intelligence will enable stronger defenses and help unlock greater reliability and growth across the global payments stack.
KEY QUOTES:
“This funding round represents an important milestone for Tuhk, and we are grateful for the support from partners like Lloyds Banking Group, Capital One Ventures, and FINTOP. Their investment reflects shared confidence in our approach and provides valuable strategic guidance as we advance our work together. The capital will accelerate development of our collaborative technology platform, designed to connect financial institutions and businesses in real time. By enabling secure data exchange and coordinated decision-making, the platform helps reduce fraud losses, streamline dispute resolution, and support faster, more reliable payment approvals. With these resources, we look forward to expanding the platform’s reach and delivering practical, scalable solutions that strengthen the global payments ecosystem.”
Andre Edelbrock, Co-Founder and CEO, Tuhk
“Collaboration is the only way we combat the increasing global threat of fraud and stop it from happening in the first place. By accelerating the secure sharing of data and information, we’ll collectively be in a far stronger position to stop the bad actors whilst ensuring a safer system for our customers.”
Liz Ziegler, Fraud Prevention Director, Lloyds Banking Group
“We’re pleased to support Tuhk’s growth through this investment, helping them strengthen their presence in the UK and lay the foundations for future expansion. This partnership reflects our shared commitment to developing innovative tools and harnessing cutting-edge technology to enhance the industry’s ability to tackle financial crime and protect customers.”
Robin Scher, Head of Fintech Investment, Lloyds Banking Group
“Tuhk has a bold vision to redefine fraud prevention through collaboration. It unlocks a powerful multiplier to help prevent credit card fraud and disputes, by connecting signal data for scaled impact across the payments landscape.”
Nathan Krishnamurthy, Partner, Capital One Ventures
“Tuhk’s real-time collaboration platform is a masterclass in that by uniting merchants, banks, and service providers against fraud’s relentless evolution, Tuhk doesn’t just defend; it redefines resilience, unlocking scalable growth for the entire payments stack.”
John Philpott, General Partner, FINTOP
