BetaKit – July 4, 2018 – Montreal-based FinTech Flinks has raised a $1.75 million in a seed round as it looks to expand its product platform.
The funding was led by Luge Capital and National Bank, with participation from Innostart Capital, Panache Ventures, iNovia Capital and Conconi Growth Partners.
It’s the first investment for Luge, which launched with $75 million to invest in financial services startups in early June.
Flinks last raised a $500,000 pre-seed in July 2017. The goal since its launch has been to power FinTech companies, who can use Flinks’ integration to validate account ownership, verify account balances, or access transaction histories of customers.
Flinks has since moved to working with financial institutions like Transferwise, for whom it’s facilitating instant account verification and acting as the link between Transferwise and Canadian banks. Other clients include ATB Financial and Merchant Advance Capital.