Flinks Secures Investment from National Bank and Luge Capital

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.