Flanks provides an all-in-one wealth management solution, Flanks LUME, which gathers high-quality wealth data from financial and non-financial sources and turns it into actionable insights. The platform standardises, reconciles, and enriches data with market information to ensure consistency and quality. Flanks delivers information through customizable online portals, APIs, or downloadable reports tailored for banks, family offices, portfolio trackers, and solution providers. Its technology automates data aggregation so wealth managers can focus on strategic growth and advisory services. The company has expanded into France and the UK and has moved into the enterprise segment. Headquartered in Barcelona and founded in 2019, Flanks plans to use new funding to accelerate growth across Europe and further develop its technology platform. Flanks has built an “open wealth” API that digitizes global investment data across custodians to give clients a single, real-time view of their portfolios. Its core product aggregates data from more than 300 banks and processes over half a million investment portfolios monthly. Clients include large financial institutions, family offices and independent financial advisors. The company operates in Spain, France and eight other countries and doubled its number of clients to 100 over the past year. Revenue grew more than 4x in the last 12 months. Flanks is also layering products on top of its data, such as a no-code analytics process for advisors and a two-click bank-change feature, and is developing an OpenAI-connected use case to enable advisors to work with client data more effectively. Flanks offers an online aggregator of securities accounts aimed at financial advisors, broker-dealers, family offices, robo‑advisors and private-banking divisions. The company uses a pay-per-use model to minimise integration friction and accelerate adoption. Since launching in 2019 it has aggregated over 7,000 portfolios across nearly 200 entities and performs more than 200,000 portfolio updates. Flanks counts over 30% of the largest Spanish financial institutions among its clients and operates in markets including Spain, Portugal, Andorra, Switzerland, Luxembourg, Monaco and the US. In May the Banco de España authorised Flanks as a provider of account information services, which the company says has helped accelerate growth in Spain and Europe. The firm plans to use new capital to enter the UK, Germany and Latin America and to consolidate its position in existing markets. Flanks is a Barcelona-based company founded by Joaquim de la Cruz and Sergi Lao that builds a SaaS platform providing high-value solutions based on financial data. The company has developed a data-processing engine combined with artificial intelligence that delivers scoring, reporting and monitoring as production-ready, white-label solutions for WealthTech, InsurTech and ERPs. Flanks monetizes via a SaaS model with different services or functionalities sold to companies. The funds from its seed round and an Enisa loan were used to obtain a license from the Banco de España and to hire four people to develop the software. Flanks aimed to reach €50,000 in monthly recurring revenue in Q4 2019–Q1 2020. The company planned a European expansion during 2020.

Total raised

$27M

Funding rounds

5

Latest round

Equity

Latest activity

Feb 2025