Token Raises $16.5M in Funding

tokenToken, a San Francisco, CA- and London, UK-based open banking platform, raised $16.5m in funding.

Backers included Opera Tech Ventures, the venture arm of BNP Paribas, Octopus Ventures and EQT Ventures.

The company intends to use the funds to expand adoption of its open banking platform and accelerate new ways of innovating payments with digital money and ID solutions.

Founded in 2015 by serial entrepreneur Steve Kirsch, Token provides TokenOS, an open banking platform which enables a global ecosystem of banks, their customers and developers to initiate payments and move money and information securely, instantly, worldwide.
The company now has more than 4,000 banks connected to its platform and recently announced it has been selected by Mastercard as one of its partners to support the connectivity layer of its open banking hub.
Additional customers include Tandem Bank, Think Money Group, An Post, Sberbank Croatia and Slovenia, Khaleeji Commercial Bank, among many others.

FinSMEs

18/06/2019

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