Tunic Pay provides banks and payment processors with an ultra‑low latency underwriting engine that evaluates each transaction in real time, delivering instant risk scores to approve legitimate payments and flag suspicious activity.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face increasing losses from evolving payment scams, yet traditional fraud detection tools generate high false‑positive rates and cannot provide instant risk assessments during the transaction flow.
Solution
Tunic Pay delivers real‑time payment underwriting by combining low‑latency risk engines, scam‑specific data, and contextual intelligence. The platform evaluates each transaction as it occurs, surfacing risk insights fast enough to allow banks to approve legitimate payments instantly while flagging suspicious activity. By focusing on typology‑based patterns rather than generic signals, Tunic Pay reduces false positives and equips fraud investigators with detailed insights for rapid response. The solution integrates seamlessly into existing banking workflows, supporting both consumer‑facing and back‑office operations.
Target Audience
Primary customers are UK banks, neobanks, and payment processors that need to protect consumer transactions while maintaining a smooth user experience.
Features
- Ultra‑low latency underwriting engine that scores transactions in real time for immediate decisioning
- Context‑rich, typology‑specific risk signals that target scam patterns and minimize false positives
- Continuous model tuning to adapt to emerging fraud typologies and new threat vectors
- API‑driven integration enabling banks to embed verification, prevention, and investigation capabilities into their payment stacks
- Dashboard and investigative tools that provide detailed insights for fraud analysts to resolve incidents confidently