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July 11, 2020   Digital, NEO, Open Banking, Open Finance, Entrepreneurs, Start-ups, Small Businesses, Fintech AI/ML, Data-driven, Automation, Generative AI, FinTech and Alternative Finance, Fundraising, Investing, Trading, Innovation and Resources   No comments

Montreal’s Flinks raises $16 million

Montreal in Technology | Steve La Barbera | Jul 6, 2020

Flinks celebration - Montreal’s Flinks raises $16 millionPerhaps Montreal’s best known fintech, Flinks has today announced another $16 million flowing into its coffers. That includes just over $5 million in debt, and and $11 million series A round led by National Bank’s corporate venture capital arm, NAventures, which was also the source of the loan. The round also included participation from Intact Ventures, Luge Capital and Panache Ventures.

“The digitization of financial services is more than just a trend. It’s a profound reshaping of the industry, driven by rapidly changing consumer needs in a global context. Flinks is uniquely positioned to help businesses accelerate their digital transformation,” said Flinks co-founder and CEO, Yves-Gabriel Leboeuf.

“This investment from our strategic partners allows us to jumpstart the next phase of our mission: consolidating our position in our home market and building new innovative data products that will allow us to tackle global demand.”

The funding will be used to help Flinks bring its services to new verticals, such as wealth management, and continue its geographic expansion to establish itself as a market leader in those new geos. By developing and leveraging a powerful, secure data exchange network, Flinks plans to continue to improve the experience of all of its stakeholders.

See:  In the Future, Home Will be Wherever Consumers Choose to be

“NAventures firmly believes in democratizing innovation. That is why we are proud to support Flinks as they continue to establish their vital role in fintech ecosystems, both in Canada and abroad,” said Philippe Daoust, Managing Director of Venture Capital at NAventures.

“We see great alignment between Flinks’ mission and our own focus on helping our clients manage their finances by providing them with innovative and reliable digital solutions.”

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NCFA Jan 2018 resize - Montreal’s Flinks raises $16 million The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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