Tuhk Inc. – Collaborative network to prevent fraud
Fraudsters share data, banks rarely do.
Tuhk Inc. thinks the only way to fight back is through collaboration.
The start‑up connects banks, merchants, and payment providers in a secure real‑time network so they can share signals, spot patterns, and stop fraud before it hits.
Cybercrime will cost the world $10.5 trillion by 2025.
The company just raised $6M seed funding from FINTOP, Lloyds Banking Group, and Capital One Ventures to launch in the UK, US, and Canada.
Co‑founders Andre Edelbrock and Trevor Clarke (Ethoca and NuData alumni) are turning fragmented chargeback data into an intelligence network that boosts approvals and reduces chargebacks.
With transaction fraud rising faster than revenue, will sharing data become every merchant's superpower?
#fintechoftheday #fraud #datasharing
Subscribe for Fintech of the Day. We handpick one fintech startup every day. Please don’t miss the next one and receive emails when new content is published!
