Flanks Raises €14 Million to Automate Wealth Management

Barcelona-based wealth management platform Flanks has secured €14 million in an equity round led by Motive Ventures, with participation from Battery Ventures, Earlybird, JME Ventures, and 4Founders Capital. The funding will support Flanks’ expansion across Europe, including entry into France and the UK, and its focus on serving Tier 1 banks.

Founded in 2019 by Joaquim de la Cruz, Sergi Lao, and Álvaro Morales, Flanks aggregates and enriches data from global asset classes, transforming it into actionable insights for advisors. The platform now processes over 500,000 portfolios monthly and is used by more than 100 banks and financial institutions managing over $39 billion in assets.

Flanks plans to expand its offerings to include order execution and automated investment proposals, further enhancing its end-to-end wealth management solutions.

Ramin Niroumand of Motive Ventures stated, “Flanks solves a key challenge in wealth management by automating data collection and enabling better financial advice.”