Flink, a Mexico-based fintech, announced this week it raised $12 million through its Series A funding round, which was led by Accel and ALLVP with participation from Raptor Financial Group, Clocktower Ventures, Kevin Efrusy, and Oskar Hjertonsson,
Founded in 2017, Flink claims to be the easiest way to invest, save, and use money. The company revealed:
“At Flink we believe that the financial system in Mexico should work for everyone, not just for a part of it. During the last few months, our team has been impressed by the interest, support and enthusiasm for Flink, as our product has grown significantly, reaching one million users and consolidating Flink as one of the fastest growing financial services in Mexico.”
Commenting on the investment, ALLVP shared:
“We believe Flink is different from players in more established markets because of the maturity of its customer base: Flink is creating a market.”
Flink also noted that it has reached more than 1 million “Flinks” in the last few weeks. In regards to what the Series A funding will be used for, Flink added:
“As more people choose Flink, we continue to focus on improving the experience we offer. With this round of investment, we will continue working on scaling the platform, building new products that add value and we will grow the team to be able to satisfy the demand, that means hiring the best talents to help us build the best possible financial experience.”