Flink, founded in 2017 and based in Mexico City, offers a mobile-first neobroker platform that includes a wallet service, a digital and physical Mastercard-backed debit card, and commission-free fractional-share trading from 30 pesos. The company launched its app in 2018 and its first brokerage product in July 2020. It targets first-time and younger investors (over 85% are first-time investors; 27% are ages 18–25) and emphasizes financial education through content like a podcast. Since July 2020 Flink has grown to 1.6 million users and reports 38% monthly user growth and 31% monthly revenue growth, with a user acquisition cost of $0.62. The team has expanded to 110 employees from 25 a year earlier. Flink plans to use new capital for hiring, product development and expansion into other Latin American countries. Flink operates an app-based consumer trading platform that offers retail brokerage services in Mexico. It launched its first brokerage product in July 2020 and has since surpassed 1 million users and 800,000 active brokerage accounts, averaging 6,000 new customers per day. Ninety percent of its users are first-time investors, many of them millennials, and the company has built a community including a Facebook group of more than 35,000 members. Flink emphasizes basic investor education and community-driven support as part of its product. The company plans to use new capital to obtain licenses to enter other Latin American markets, improve user experience and product, and expand its current 60-person team to meet rising demand. Management has set a goal of reaching 4 million users by the end of 2021, and the app recently ranked in the top 10 of Google Play downloads in Mexico.

Total raised

$69M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2021