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European open banking platform to close €90M investment round?

Jan 21, 2020

Tink supports such world’s banks and fintechs as PayPal, Klarna, NatWest, ABN AMRO, BNP Paribas Fortis, Nordea, and SEB

Tink

European open banking platform to close €90M investment round. Source: shutterstock.com

Tink has completed a €90 million investment round, that would help to expand its influence across Europe and support its development.

Tink allows customers to access aggregated financial data, initiate payments, and enrich transactions through one API. The open banking platform is also used by more than 4,000 developers.

Founded in 2012, Tink is currently functioning in the UK, Germany, Spain, Italy, Portugal, Sweden, Denmark, Finland, Norway, Belgium, Austria, and the Netherlands.

Nowadays, the open banking platform has more than 270 employees and is currently serving its clients out of local offices in London, Paris, Helsinki, Amsterdam, Warsaw, Madrid, Copenhagen, Milan, Oslo and Lisbon

The investment round will facilitate our ambitious growth plans over the next year and beyond. During 2020 we are committed to building out our platform with more bank connections and, on top of that, expanding our product offering. Our aim is to become the preferred pan-European provider of digital banking services and to offer the technology needed for banks, fintechs, and startups to leverage the opportunities of open banking and enable them to successfully develop financial services of the future. Two key factors for succeeding with that are that we strengthen our European coverage and continue to deliver new data-products on top of this infrastructure to our customers
Daniel Kjellén, co-founder and CEO, Tink

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