National Bank and Luge Capital to participate in a $1.75 million investment in Canadian fintech leader Flinks

National Bank and Luge Capital have announced a $1.75 million investment in Flinks, a leading Canadian fintech founded in Montreal. This investment is part of a first round of financing that Flinks will use to accelerate growth and market an AI-powered risk assessment solution based on the transaction habits of end-users and the health of their financial accounts. Four other partners, Innostart Capital, Panache, iNovia Capital and Conconi Growth Partners, are also participating in this round of financing. Flinks specializes in aggregating financial data and verifying bank accounts. A number of large financial service providers, including Transferwise, Wealthsimple and ATB Financial, are already using its platform.

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