MONTREAL, 25 August 2021 / PRNewswire / – National Bank of Canada invests $ 103 million in Flinks, including $ 30 million in development capital towards the acceleration of Montreal-the fintech expansion activities in North America.
The investment follows a successful launch by Flinks in United States. This investment will also allow Flinks to continue its rapid growth and meet the demands of fintechs, asset managers, credit unions and banks with tools that enable innovation with financial data in North America. The company also plans to increase its market share in the wealth and lending areas, in addition to further improving its analytics and data enrichment offerings.
This development capital will allow a rapid acceleration of the already established presence of the company in United States, with a solid base of innovative customers, partners and growing revenues in this market. Flinks plans to double its workforce to meet the growing need for better, more actionable data.
“The exploitation of financial data still requires technical know-how today”, declared Yves-Gabriel Leboeuf, CEO of Flinks. “We want to enable service providers of all sizes to achieve positive results for their customers, using financial data. That’s why Flinks has developed a leading connectivity and data enrichment platform. Thanks to this investment, we have the financial support, the expertise and the network to make the use of financial data ever easier and more efficient. “
“Flinks is strategically positioned at a key time in the evolution of the customer experience. The combination of talent and data technology solutions that Flinks boasts of puts them in a good position to seize the opportunities offered by a high growth market in North America“declared Louis Vachon, President and Chief Executive Officer of the National Bank of Canada.
In recent months, Flinks has capitalized on the ever-growing interest of consumers and financial service providers in competitive and personalized digital financial products. Every year, millions of consumers in North America are using Flinks to access innovative financial services, and that number is growing steadily.
Flinks is the financial data layer that powers the Internet. Trusted by millions of people accessing financial services from world-class companies, Flinks empowers businesses to connect to their clients’ financial accounts, enrich that data, and use it to deliver better digital products. Serving innovators in lending, fintech, digital banking, asset management and insurance, Flinks is quickly becoming a global leader in connectivity and financial data analytics.
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