Lightspeed led a USD57m Series B for Flink, a Mexican consumer trading platform, with participation from Mantis Venture Capital, and follow-on from ALLVP, Accel and Clocktower. Accel led a USD12m Series A earlier this year. Flink was co-founded by Easy Credit founder Sergio Jimenez Amozurrutia.
(TechCrunch) – Flink, a Mexico City-based neobroker, has raised $57 million in a Series B round of funding led by Lightspeed Venture Partners.
The financing comes just over six months after Flink raised $12 million in a Series A round led by Accel. Existing backers Accel, ALLVP, Clocktower and new investor Mantis Venture Capital (founded by The Chainsmokers) also put money in the Series B. Since its 2017 inception, the startup has raised nearly $70 million.
Neobrokers are defined as startups that are disrupting the investment industry by providing a platform for a wider range of consumers to partake in the stock market by offering them more incremental investment options and modern and easy mobile-based interfaces to manage their money. There is a growing number of them globally, including Scalable Capital, Bitpanda and Trade Republic in Europe.
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