Sweden: Tink, a pioneering open banking platform from Sweden just secured €85 million of additional funding, led by Eurazeo Growth. This brings the total investment in Tink during 2020 to €175 million (€90 million were raised in January of this year).
Founded in 2012 in Stockholm, Tink already counts more than 350 employees and is currently serving its clients out of 13 local offices across Europe. The young company offers tools to build the future of financial services across Europe. Tink connects with more than 3,400 banks reaching over 250 million banking customers across Europe.
The fresh capital of this latest funding round will fuel Tink’s continued expansion and support its technology’s further development with a particular focus on payments. The company processes close to 1 million payment transactions per month in 5 markets, for clients including the payment fintech Lydia, used by more than 5 million customers in France. Tink aims to make its payment initiation services live in 10 markets in 2021.