Flanks
Flanks is a Barcelona-based wealthtech providing an AI-powered data aggregation platform connecting 600+ financial institutions across 33 countries. It serves banks, family offices, external asset managers, fintechs, and pension providers with unified multi-custodian portfolio intelligence.
- Company typePrivate
- Founded2019
- HeadquartersBarcelona, Spain
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Flanks does
Flanks is a Barcelona-based wealth technology company, founded in 2019 by Joaquim de la Cruz, Sergi Lao, and Álvaro Morales (former Global Head of Santander Private Banking), that operates an AI-powered data aggregation and enrichment platform for the wealth management industry. The platform connects to more than 600 financial institutions across 33 countries via multiple secure methods (data feeds, PDFs, e-banking/extranet) and processes over 500,000 portfolios monthly covering assets exceeding €39 billion, normalizing fragmented multi-custodian wealth data into a unified data model. Its modular architecture centers on Flanks Aggregate (connectivity and standardization) and Flanks Lume (enrichment via Morningstar market data, look-through, and cost transparency), complemented by the AI Financial Analyst (a multi-agent co-pilot enabling natural-language portfolio queries), Portfolio Management Tool, Financial Simulator (Monte Carlo), and Reconciliation Tool.
The company serves five primary customer segments: large banks (CaixaBank, Banco Sabadell), family offices, external asset managers (EAFs/RIAs), tech companies and fintechs (Aequify, Myne Tech, getquin, Wealthabout, Indexa Capital), and pension plan providers. Distribution is sales-led via direct enterprise field sales, supplemented by an API-first / embedded infrastructure motion (AISP under PSD2), Salesforce AppExchange listing, and strategic partnerships with BlackRock (Aladdin Wealth), Morningstar, and finReg360 (EDX protocol). Flanks generates revenue primarily through recurring B2B platform subscriptions and custom enterprise integrations, with pricing negotiated quote-by-quote against institution scale, portfolio volume, and modules deployed.
Flanks maintains offices in Barcelona (headquarters), Madrid, Paris, and London, and has raised approximately €24 million in cumulative funding across a 2021 seed round (€2.3M), a 2023 Series A ($8M led by Earlybird), and a 2025 Series A (€14M led by Motive Ventures with Battery Ventures). The company holds SOC 2 Type II, SOC 3, GDPR, LGPD, and DORA compliance, is regulated as an AISP under PSD2, and has positioned for Europe's upcoming FIDA regulation through its co-developed EDX data exchange protocol.
Flanks firmographics
Firmographics- Name
- Flanks
- Legal name
- SPLIT PAYMENTS, S.L.
- Website
- https://flanks.io
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Flanks is a Barcelona-based wealthtech providing an AI-powered data aggregation platform connecting 600+ financial institutions across 33 countries. It serves banks, family offices, external asset managers, fintechs, and pension providers with unified multi-custodian portfolio intelligence.
- Ownership category
- akta.pro rank
Flanks industry classification
Industry- Product category
- Wealth Data Aggregation Software
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282), Finance Services (6199)
- akta.pro primary industry
- Digital Wealth Platforms for Advisors (TAMP/Advisor Tech) (FSAGAEAH)
Keywords
Where Flanks is headquartered
LocationHeadquarters
- HQ city
- Barcelona
- HQ country
- Spain
- HQ region
- Europe
Offices4 records
Markets served
Flanks business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- API/Platform Licensing and Subscription: Flanks provides its modular platform (Aggregate + Lume) as a B2B API/infrastructure service to financial institutions (banks, family offices, wealth managers, fintechs). Revenue is generated through platform licensing, likely on a subscription or usage basis, with modules consumed via API, file exports, or dashboard interfaces. The company processes assets exceeding €39 billion across 100+ client institutions.
- Enterprise Contracts and Custom Integrations: Large enterprise clients (e.g., CaixaBank GlobalView) receive custom, integrated deployments. These strategic contracts drive significant revenue and are tailored to each financial institution's infrastructure (e.g., integration with BlackRock's Aladdin Wealth, Salesforce Financial Services Cloud).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise B2B pricing — custom quotes based on institution scale, portfolio volume, and modules deployed |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Flanks product offering
Product offeringCore offering
Flanks operates an AI-powered, API-first wealth data aggregation platform that connects to 600+ financial institutions across 33 countries via multiple secure methods (data feeds, PDFs, e-banking/extranet). It extracts, normalizes, validates, and enriches fragmented wealth data into a unified, analytics-ready data model, then delivers it to financial institutions (banks, family offices, wealth managers, fintechs) via API, file exports, or portfolio dashboards. Core modules include Flanks Aggregate (connectivity), Flanks Lume (enrichment), an AI Financial Analyst co-pilot, a Portfolio Management Tool, a Financial Simulator, and a Reconciliation Tool.
Product overview
Flanks offers a modular, all-in-one AI wealth data platform that enables global financial institutions to transform complex and fragmented wealth data into actionable intelligence. The platform architecture consists of Flanks Aggregate as the core module for connecting to financial institutions and standardising wealth data, supplemented by Flanks Lume as an enrichment layer for market data and analysis. Additional modules include the AI Financial Analyst (multi-agent co-pilot for natural language portfolio queries), Portfolio Management Tool (custom dashboards with analytics), Financial Simulator (Monte Carlo-based wealth modeling), and Reconciliation Tool (automated position reconciliation). The platform processes over 500,000 portfolios monthly across 600+ institutional connections in 33 countries, managing assets exceeding €39 billion.
Differentiator
Problem solved
Functional benefit
Products and services
- Flanks Aggregate
Quantifiable outcome
- 30% reduction in total hours dedicated to client reporting
- +3 more outcomes
Companies that use Flanks
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
Flanks technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability6 records
Feature8 records
Flanks partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, minor and core.
- CaixaBankflagshipCaixaBank selected Flanks as the data infrastructure provider for GlobalView, a multi-custodian aggregation service for private banking clients with assets over €4 million. The service integrates into CaixaBank's GPS platform powered by BlackRock's Aladdin Wealth technology, covering 600+ institutional connections across 33 countries.
- Nawaz Mucadam (ex-InvestCloud VP)minorNawaz Mucadam appointed as Country Manager for UK, Ireland and Middle East. Brings 20+ years of experience including 5 years at InvestCloud heading European sales. Hired specifically to lead UK market expansion targeting institutions struggling with consolidated wealth data views.
- finReg360coreFlanks and finReg360 co-launched EDX (European Data Exchange), Europe's first standardized financial data exchange protocol, aimed at facilitating secure, real-time data sharing among financial institutions. EDX addresses fragmentation by enabling interoperability without requiring system redesigns, supporting Europe's Data Strategy and FIDA regulation.
- Philippe PatinminorPhilippe Patin appointed as Country Manager for French-speaking territories (France, Belgium, Luxembourg, and part of Switzerland), based in Paris. Brings experience from roles at Manymore and Infront managing French-speaking and Eastern European markets.
- Sebastian HenrichsminorSebastian Henrichs appointed as COO to drive DACH expansion. Role encompasses operational scaling and market development across Germany, Austria, and Switzerland.
- MorningstarcoreFlanks integrated Morningstar data into its Lume module for enhanced data validation, market pricing, look-through analysis, and cost transparency. Morningstar's trusted market pricing serves as a benchmark for reconciling investment records and delivers granular fund holding data across geographies, sectors, and currencies.
- BlackRock (Aladdin Wealth)coreBlackRock's Aladdin Wealth platform is integrated into CaixaBank's GlobalView (powered by Flanks), providing the analytical layer on top of Flanks' normalized, aggregated wealth data. This 'triple threat' partnership combines CaixaBank's banking scale, Flanks' data infrastructure, and Aladdin's analytical capabilities.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
Flanks competitors and assessment
Company assessmentDirect peers
- Plaid: Global account-aggregation infrastructure connecting bank, brokerage, and investment accounts via APIs. Directly comparable to Flanks' core aggregation offering, though primarily US-focused and broader across consumer banking, lending, and fintech use cases.
- Tink: European account-aggregation platform (acquired by Visa) providing PSD2-compliant connectivity to banks across the EU. Closest direct competitor to Flanks in European wealth-data aggregation, with similar bank connectivity and enrichment focus.
- Yodlee (Envestnet): Long-established account-aggregation and data-analytics platform within Envestnet's wealthtech stack. Comparable to Flanks as multi-source financial data aggregation serving financial institutions and advisors, with a broader US-centric footprint.
- Finicity (Mastercard): Account-aggregation and financial-data API platform owned by Mastercard, serving lending, wealth, and fintech use cases. Directly comparable aggregation infrastructure to Flanks, with the strategic backing of a global payments network.
- MX Technologies: Financial-data aggregation and connectivity platform used by banks, credit unions, and fintechs. Comparable to Flanks in multi-source data aggregation, enrichment, and advisor/banking workflows, primarily US-focused.
Broad incumbents
- Addepar: Wealth-management technology platform serving large RIAs, family offices, and institutional investors with portfolio analytics and reporting. Comparable to Flanks in serving wealth advisors with data and analytics, but Addepar owns the full advisory platform rather than providing infrastructure.
- InvestCloud: Enterprise wealth-management technology platform offering portfolio management, reporting, and digital advice to financial institutions. Comparable to Flanks in serving banks and wealth managers with aggregation and reporting infrastructure, at a broader platform scale.
- BlackRock Aladdin Wealth: BlackRock's wealth-management technology platform providing portfolio analytics, risk, and reporting. Aladdin Wealth is already integrated with Flanks inside CaixaBank GlobalView, making it both a partner and an adjacent competitor in the wealth-data analytics layer.
- Morningstar: Global investment data, analytics, and research provider integrated into Flanks' Lume enrichment module. Comparable as a wealth-data infrastructure provider for advisors, though focused on market data, ratings, and research rather than account aggregation.
Others
- Salesforce Financial Services Cloud: Wealth-management CRM and engagement platform where Flanks is listed on AppExchange. Comparable as adjacent infrastructure serving wealth advisors; Salesforce is a distribution channel and ecosystem participant rather than a direct aggregator competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Flanks social profiles
Digital presenceFlanks compliance and trust
Trust signalCompliance6 records
Flanks financial estimates
Financial estimateRevenue estimate
Valuation estimate
Flanks leadership team
Management profileNumber of profiles
Profiles6 records
Flanks funding detail
Funding detailFunding overview
Funding rounds4 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Flanks M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Flanks
What does Flanks do?
Flanks operates an AI-powered, API-first wealth data aggregation platform that connects to 600+ financial institutions across 33 countries via multiple secure methods (data feeds, PDFs, e-banking/extranet). It extracts, normalizes, validates, and enriches fragmented wealth data into a unified, analytics-ready data model, then delivers it to financial institutions (banks, family offices, wealth managers, fintechs) via API, file exports, or portfolio dashboards. Core modules include Flanks Aggregate (connectivity), Flanks Lume (enrichment), an AI Financial Analyst co-pilot, a Portfolio Management Tool, a Financial Simulator, and a Reconciliation Tool.
Is Flanks a public or private company?
Flanks is a private company. It is classified as venture growth investor backed and is currently operating.
When was Flanks founded?
Flanks was founded in 2019. It employs 101 to 250 people.
Where is Flanks based?
Flanks is headquartered in Barcelona, Spain, in the Europe region.
How does Flanks make money?
Two revenue lines are on record. API/Platform Licensing and Subscription is the primary driver. The others are enterprise Contracts and Custom Integrations.
Who are Flanks's main competitors?
Direct peers on record are Plaid, Tink, Yodlee (Envestnet), Finicity (Mastercard) and MX Technologies. Broad incumbents are Addepar, InvestCloud, BlackRock Aladdin Wealth and Morningstar. Salesforce Financial Services Cloud is listed as an others.
Does Flanks have an API?
Yes. Flanks offers an Aggregation API that enables clients to connect users' bank and investment accounts across the EU and UK for account aggregation purposes. The API normalises and enriches data from international entities, translating information into a consistent, high-quality format. The company also offers an MCP (Model Context Protocol) Server that securely connects banking and investment data to AI assistants such as ChatGPT, Gemini, and Claude Desktop, enabling wealth managers to perform data-driven workflows.
What industry is Flanks in?
Flanks's product category is Wealth Data Aggregation Software. Its primary akta.pro industry code is FSAGAEAH, Digital Wealth Platforms for Advisors (TAMP/Advisor Tech). Its NAICS code is 523940 and its SIC code is 6282.