I am very happy to announce that we closed a $1.75 million investment round. Our partners now include National Bank, Luge Capital (by extension: Caisse de dépôt et placement du Québec [CDPQ] and Desjardins Group, two of the fund’s major investors), Innostart Capital, Panache, iNovia Capital and Conconi Growth Partners.
This investment is part of a first round of financing that Flinks will use to accelerate growth. Our next step is to market an AI-powered risk assessment solution based on the transaction habits of end-users and the health of their financial accounts.
Our ambition is to expand our workforce to beyond 80 employees. We will also use the funding to expand beyond being an API provider, and are currently developing Flinks Score, which can predict the creditworthiness of customers. Targeted to lenders varying from retail to mortgage, the platform will tie a customer’s loan payments to their cash flow situation, predicting the best method for paying back that loan and by how much.
In a statement, Luge Capital’s General Partner, Karim Gillani said “The Flinks team has built a world-class platform that has become essential infrastructure for its clients. The team’s ambition is to apply its technology in new industries and across many regions. We’re delighted to support their mission.”
We have lots of great products and features being developed and we can’t wait to share it all with you!