Franq's Series A extension was led by Quona Capital and had the participation of Globo Ventures and Valor Capital Group.
Traditionally seen as the tool of the super-rich, thanks to open finance, personalized financial advisory services could be taking a turn.
Progress in open banking regulation will advance financial inclusion in Latin America, and prompt fintechs to forge alliances.
The firm is calling it the Plaid Portal and not explicitly tying the launch with a privacy settlement the firm reached on Friday, but the timing is close enough to call.
Our next guest on the Fintech One-on-One podcast is Steve Smith, the CEO, and co-founder of Finicity. Finicity has been a real pioneer in the open banking space, or as Steve likes to call it an open financial data network, which is probably more accurate.
Over five million UK citizens and small businesses are active users of open banking-enabled products with 336 regulated providers.
In one parameter, data show that 80% of USA consumers and 82% of Canadians use a payment or banking service connected to their primary accounts.