Tuhk Raises $6 Million Seed Round to Launch Collaborative Fraud Prevention Platform

Tuhk Inc., a Canadian fintech founded by veterans from Ethoca and NuData Security, has raised US$6 million in seed funding led by FINTOP, with participation from Lloyds Banking Group and Capital One Ventures, announced in a press release.

Tuhk’s platform enables real-time collaboration between merchants, banks, and service providers to combat fraud by turning fragmented data into a unified intelligence network. The system is designed to reduce chargebacks, improve transaction approvals, and streamline dispute resolution.

The funding will accelerate Tuhk’s launch across the UK, US, and Canada, where it plans to deploy its technology with major banks and merchants. The company aims to demonstrate its fraud prevention capabilities through real-world implementations and expand integrations with financial systems to strengthen risk management.

According to Tuhk, the investment will also support the development of its collaborative data-sharing infrastructure, which allows secure exchange of information among financial institutions and businesses in real time.