Your Source for Canadian Fintech News
The average Canadian pays around $159 in bank fees per year – some of the highest in the world. That’s more than what most savings accounts with a $12,000 balance would earn in annual interest. Continue reading “KOHO Launches Tool to Help Canadians Find Hidden Bank Fees”
The Canadian FinTech & AI Awards took place at the Carlu in Toronto tonight and a number of Canadian fintech all-stars took home hardware. Continue reading “2018 Canadian Fintech Award Winners Named”
Startup Open House returns later this month for its 6th time and promises to be the biggest tech community event in Canada. Continue reading “Meet Your Favourite Fintechs at Startup Open House”
Montreal startup Flinks has raised a $1.75 million round from National Bank and Luge Capital.
Flinks’ financial API allows users to synchronize their banking information with the app of their choosing in the savings, investment, and cryptocurrency sectors. A number of large financial service providers, including TransferWise, Wealthsimple and ATB Financial, are already using its platform.
Flinks is a leading open banking enabler in Canada and currently connects almost 200 fintechs and banks in Canada, U.S. and Europe to over 250 million financial accounts.
This investment round will be used 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.
Innostart Capital, Panache, iNovia Capital and Conconi Growth Partners, also participated in the financing round.