Flinks launches internationally & secures $16mn in Series A funding round

Source: IBS Intelligence 2020-07-07

Yves-Gabriel Leboeuf CEO, Flinks

Montreal based Flinks, a data company empowering businesses to connect users with their preferred financial services has announced that the company has secured $16 million in Series A round led by NAventures.

The funding round saw participation from Luge Capital, Panache Ventures and Intact Ventures. Flinks is planning to use the finance to enhance its efforts on retail banking. According to the company, it is also integrating a new type of information called the wealth data to improve its area of expansion. The firm is planning to enable connections to data sources in the wealth management space, through a new aggregation service.

Flinks has also announced its strategic plan to expand internationally, starting with the US. The company aims to bridge that gap between financial institutions and consumers by building a data network that is beneficial for all stakeholders.

“Looking forward, we will focus on expanding our operations — which means our clients will have more opportunities to expand theirs. The tools we provide to enrich and utilize data are truly innovative, even outside of our home market. They represent a real opportunity for US-based financial businesses — as well as any financial business whose goal is to operate on both sides of the frontier,” said Yves-Gabriel Leboeuf, CEO Flinks.

The company has plans to build a highly reliable financial data aggregation service in Canada and to develop enrichment tools to put financial data to work smoothly.

“Our mission has been to help our clients connect their users to financial services they’ll love. Roughly 1 in 3 Canadians have connected their bank accounts with Flinks. So far, we’ve processed more than 300 million connections,” added Yves-Gabriel LeboeufYves-Gabriel Leboeuf.

Recently, moneycorp Americas established presence in Canada.

Founded in 2016, Flinks help businesses connect users with financial service. The firm enables businesses to connect users’ bank accounts, enrich their data, and utilise it to deliver better products.

Flinks

Series A funding round

Flinks launches internationally & secures $16mn in Series A funding round

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