image: Flinks

National Bank of Canada invests in local data sharing startup Flinks

July 5, 2018

Via: Finextra

Montreal-based Flinks currently connects just shy of 200 fintechs and banks in Canada, US and Europe to over 250,000,000 financial accounts. The firm counts Transferwise, WealthSimple and ATB Financial among its clients and claims a three percent uptake by Canadian citizens. The company expects that number to grow to 10% by the end of this year.

The funding, which was also supported by Innostart Capital, Panache, iNovia Capital and Conconi Growth Partners, is part of a first round of financing that the firm plans to use to develop an AI-based risk assessment product based on the transaction habits of end-users and the health of their financial accounts.

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