Your Source for Canadian Fintech News
Luge Capital’s 2018 investment in Montreal’s Flinks has been awarded CVCA’s VC Regional Impact Award for Eastern Canada.
Flinks is an open-banking infrastructure to enable apps to connect with consumer bank accounts to verify account information and access banking history – with the consumer’s consent, of course. [Read more…] about Luge Capital Wins CVCA’s VC Regional Impact Award for Flinks Investment
National Bank of Canada has taken a majority stake in Montreal fintech startup Flinks after a $103 million investment that includes $30 million in growth capital to accelerate North America expansion. [Read more…] about National Bank of Canada Invests $103 Million in Montreal’s Flinks
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. [Read more…] about Flinks Raises $16 Million To Accelerate Digitization Of The Financial Services Industry
Flinks has announced the launch of ‘Attributes’, a data enrichment tool allowing banks and fintechs to harness the power of transactional data without having to maintain large data science teams themselves. [Read more…] about Flinks Launches Data Enrichment Tool Attributes
National Bank has launched the Innovation Competition, a large-scale challenge that will bring together Canadian fintech startups, students and other teams of individuals from across Canada. [Read more…] about National Bank Launches Fintech Innovation Competition
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. [Read more…] about 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. [Read more…] about 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. [Read more…] about 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.
