Your Source for Canadian Fintech News
California-based Synctera has raised capital to power expansion North of the border.
The Silicon Valley banking-a-a-service startup is partnering with National Bank of Canada to help companies build and launch Fintech apps and embedded banking products in Canada. [Read more…] about Synctera Partners with National Bank to Expand Fintech Business in Canada
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
Canada’s Portage Ventures has closed the Portage Ventures III LP, its third venture fund focused on fintech investments in the United States, Canada and Europe. [Read more…] about National Bank, Equitable Bank Among Returning Investors For Portage’s Third Fund
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
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
National Bank and Thinking Capital today announced a strategic partnership that will make it faster and easier for Canadian SMEs to access the capital they need to fund their day-to-day operations or to support their growth. [Read more…] about National Bank Partners with Thinking 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.
