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Flinks

National Bank Sues Flinks Founders Over Non-Compete

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National Bank has sued Flinks co-founders Yves-Gabriel Lebœuf and Frédérick Lavoie for $5.7 million, alleging they violated non-compete clauses after the lender acquired a majority stake in the fintech in 2021.

The lawsuit claims the founders shifted focus to Deck, a startup National Bank says competes with Flinks’ data aggregation services central to its open banking strategy. Lebœuf disputes the allegations, saying Deck operates outside restricted areas and that National Bank authorized their work. Deck secured US$12 million in April. National Bank is seeking an order to halt Deck’s activity.

Want to know more? Check out the source code on The Logic.

FinTech Founders Launch Deck with $6.2M to Tackle Utility Data

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Deck, a new API startup from the founders of Flinks, has raised $6.2 million CAD to streamline energy consumption tracking for businesses. Co-founders Yves-Gabriel Leboeuf and Frédérick Lavoie aim to simplify sustainability reporting by connecting businesses with private utility data.

Deck’s platform centralizes energy, water, and fuel data, allowing companies to automate what was once a manual process. The Toronto-based funding round was co-led by Golden Ventures and Better Tomorrow Ventures, with support from Luge Capital. Deck’s long-term vision is to provide an infrastructure for user-permissioned data across industries.

Want to know more? Check out the source code on BetaKit.