February 2025 - Flanks, a leading wealth management technology company, has successfully raised €14 million in a Series A funding round led by Motive Ventures, with participation from Battery Ventures and existing investors Earlybird Venture Capital, JME Ventures, and 4Founders Capital.
The investment will fuel Flanks’ expansion into key European markets and accelerate the development of its AI-powered data aggregation and automation solutions for financial advisors, wealth managers, and family offices.
Transforming Wealth Management With Data-Driven Insights
Founded in 2019, Flanks has set out to modernize the wealth management industry by providing seamless data aggregation and workflow automation. Its flagship platform enables wealth managers to consolidate and analyze client portfolios across multiple financial institutions, offering a 360-degree view of assets—both financial and non-financial.
Flanks' innovative technology tackles one of the industry's biggest pain points: fragmented data. By automating data standardization, reconciliation, and enrichment, Flanks ensures advisors have real-time, accurate, and actionable insights to better serve their clients.
"Data is the foundation of the wealth management industry’s transformation," said Joaquim de la Cruz, CEO and Co-founder of Flanks. "Many solutions focus on surface-level innovation, but true disruption requires building from the ground up. Flanks is doing just that—leveraging high-quality data to enhance decision-making and advisory services."
A Growing Market for Wealth Tech Solutions
The wealth management industry is experiencing a major shift towards automation, with advisors and family offices seeking more efficient, scalable, and personalized solutions for their clients. Flanks' AI-powered platform addresses this need by streamlining financial data collection and enabling wealth managers to scale their services beyond traditional models.
This latest funding round positions Flanks as a key player in the growing WealthTech space, where data-driven platforms are redefining how financial services are delivered.
"Flanks solves a fundamental challenge in wealth management—how to collect, standardize, and utilize data effectively," said Ramin Niroumand, Head of Motive Ventures. "Their ability to scale advisory services through smarter data use makes them well-positioned for the next phase of growth in the industry."
Strategic Growth and Future Outlook
With this latest round of funding, Flanks is poised to accelerate its development and solidify its position as a leader in data-driven wealth management technology. The company’s strategic priorities include:
✔ Expanding its European footprint, reinforcing its presence in key markets such as France and the UK, while exploring further international opportunities.
✔ Advancing its AI-powered platform, enhancing automation capabilities and deepening data intelligence to deliver even more accurate and actionable insights for wealth managers.
✔ Strengthening its team, attracting top-tier talent across fintech, artificial intelligence, and wealth management to support its next phase of growth.
As the financial industry continues its shift toward automation and data-centric decision-making, Flanks is well-positioned to drive meaningful innovation in wealth advisory services. This investment underscores the company’s commitment to empowering financial professionals with the tools needed to deliver superior client experiences and navigate the evolving wealth management landscape.