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Flanks raised €14M in an equity round led by Motive Ventures to accelerate growth into Europe and develop its technology platform.

Feb 26, 2025•5 months ago

Amount Raised

€14 Million

BarcelonaSoftwareFinanceFinancial Services

Investors

4 Founders CapitalJme VenturesEarlybirdBattery VenturesMotive Ventures

Description

Flanks, a wealth management platform, has secured €14M in funding to enhance its expansion efforts in Europe and improve its technology. The round was led by Motive Ventures, with participation from Battery Ventures and existing investors.

Company Information

Company

Flanks

Location

Barcelona, Catalonia, Spain

About

Flanks is the pioneering Open Wealth Platform that is revolutionizing the wealth management sector. Originating from Barcelona in 2019 and founded by software engineers, Joaquim de la Cruz and Sergi Lao, together with private banking executive Álvaro Morales, Flanks offers a robust API for automated wealth services. Through the digitization and aggregation of global wealth data across custodians, Flanks provides an unmatched 360° real-time view of investment portfolios. Serving an array of clients from large financial institutions to family offices and independent financial advisors in ten countries, Flanks is compatible with over 300 international banks, processing over half a million investment portfolios monthly. With a vision of democratizing wealth services for affluent investors, and driven by innovations like intelligent alerts and automated manual processes.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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