📝 Tuhk raises $6M

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Toronto-based fintech startup Tuhk has raised $6 million to scale its platform aimed at detecting and stopping financial cybercrime, with plans to launch across Canada, the U.S., and the U.K. next year. Led by FINTOP, with participation from Lloyds Banking Group and Capital One Ventures, the funding will accelerate product development and market entry as Tuhk connects siloed data sources into a single intelligence network to proactively flag fraud. The company says rising AI-enabled attacks, ransomware, and third-party breaches are driving a surge in financial crime, creating demand from banks, payment providers, and large online merchants. As governments tighten scrutiny and penalties around fraud and money laundering, Tuhk is positioning itself as infrastructure for safer, faster payment systems in a riskier digital economy.

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