Flanks Raises $8M in Series A Funding

Flanks, a Barcelona, Spain-based provider of API for automated wealth services, raised $8M in Series A funding. The round was led by Earlybird Venture Capital, and followed by the existing investors JME Ventures and 4Founders Capital and angels such as Raffaele Terrone, Co-Founder of the Italian FinTech unicorn Scalapay, and Martin Kassing. Founded in 2019 by software engineers Joaquim de la Cruz and Sergi Lao, joined by the private banking executive Álvaro Morales, Flanks provides an open platform covering the entire value chain of the wealth management industry. It is compatible with more than 300 banks internationally and aggregates more than half a million investment portfolios monthly. By digitizing and aggregating global wealth data across custodians into a single API, Flanks has built a fully automated data stream to hundreds of custodians globally, allowing a 360° view of one’s investment portfolio in real-time.