Tink, a Stockholm, Sweden-based open banking platform, raised €90m in funding.
The round was co-led by Dawn Capital and HMI Capital — together with existing investor Insight Partners, with participation from Poste Italiane as a new investor, as well as existing investors Heartcore Capital, ABN AMRO Ventures and BNP Paribas’ venture arm, Opera Tech Ventures.
The company intends to use the funds to accelerate expansion across Europe and support further development of its platform.
Founded in 2012 and led by Daniel Kjellén, CEO, Tink provides an open banking platform that enables banks, fintechs and startups to develop data-driven financial services. Through one API, the company allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools.
Tink’s technology and connectivity power some of the world’s leading banks and fintechs, including PayPal, Klarna, NatWest, ABN AMRO, BNP Paribas Fortis, Nordea and SEB. The open banking platform is also used by more than 4,000 developers. It is currently live in the UK, Germany, Spain, Italy, Portugal, Sweden, Denmark, Finland, Norway, Belgium, Austria and the Netherlands.
The company 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.