National Bank and Luge
Capital are proud to announce a $1.75 million investment in Flinks, a leading
Canadian fintech founded in Montreal. This investment is part of a
first round of financing that Flinks will use to accelerate growth and
market an AI-powered risk assessment solution based on the transaction
habits of end-users and the health of their financial accounts.
Four other partners, Innostart Capital, Panache, iNovia Capital and Conconi Growth Partners, are also participating in this round of financing.
Flinks specializes in aggregating financial data and verifying bank accounts, a critical component for many fintechs. A number of large financial service providers, including Transferwise, Wealthsimple and ATB Financial, are already using its platform.
“In today's world of accelerated digital transformation, National Bank strives to be at the forefront by offering its clients innovative solutions that are convenient, simple and efficient. It is very important for us to support environments that stimulate innovation and have a positive impact on customer experience.That is why we are pleased to join forces with Montreal-based Flinks,” commented David Furlong, Senior Vice-President – Artificial Intelligence, Venture Capital and Blockchain, at National Bank.
“We’ve managed to quickly build close ties with Canadian financial institutions, giving us access to the partners and capital we need to really speed up the pace of innovation at Flinks. We're very fortunate to be a part of this adventure with National Bank and Luge Capital,” said Yves-Gabriel Lebœuf, President and CEO of Flinks.
“The Flinks team has built a world-class platform that has become essential infrastructure for its clients. The team's ambition is to apply its technology in new industries and across many regions. We're delighted to support their mission,” confirmed Karim Gillani, General Partner, Luge Capital.