Montreal’s Flinks has closed an $11 million Series A financing round to fuel the company’s growth in data connectivity and digitization in the financial services industry.
The Series A funding round was led by NAventures, National Bank’s corporate venture capital arm, and also included participation from Intact Ventures, Luge Capital and Panache Ventures.
Flinks also obtained debt financing of $5.2 million from National Bank, its long-standing partner, and specifically the Bank’s Technology and Innovation Banking Group, which offers specialized support to fast-growing technology businesses from start-up through to maturity.
The funding round will allow Flinks to continue innovating in the financial services industry by bringing its services to new verticals, such as wealth management, and continue its geographic expansion to further solidify its position as a market leader and reinforce its mission to help financial services businesses digitize and deliver products their clients will love.
The open banking framework has significant potential and a number of factors will need to be optimized to make the most of it. By developing and leveraging a powerful, secure data exchange network, Flinks will continue to considerably improve the experience of all stakeholders.