On August 25, 2021, Flinks announced the acquisition of a majority stake by National Bank of Canada in Flinks for $103 million. The acquisition allows National Bank to increase its share from 28% to 80% and will provide Flinks with $30 million in new capital. The proceeds will allow Flinks to accelerate its expansion into the United States and grow its reach across North America.
Flinks is a Montreal-based software firm specializing in financial data connectivity, allowing businesses to connect users’ bank accounts, enrich their data and deliver better products.
National Bank of Canada is one of Canada's leading integrated financial groups specializing in providing financial products and services to retail, commercial, corporate and institutional clients around the world.
Osler, Hoskin & Harcourt LLP advised Flinks with a team consisting of Shahir Guindi, Calvin Leung, Sarah Lazure, Véronique Fortin-Latreille, Yulia Yugay (Corporate) and Alain Fournier (Taxation).