Open banking is one of the fintech trends thriving in the current digital banking era. As a result, many fintechs and financial institutions are offering this tech to their customers. Open banking lets third parties access the banks’ financial details and come up with new products and services. Also, it gives account holders more financial options centred around transparency. As a result, several fintechs provide open banking services and one such company is London-based Token.
Secures Series B funding
In a recent move, Token bagged $15M (nearly €12.4M) Series B funding. The round was led by SBI Investment Co. Ltd. and Sony Innovation Fund by IGV. Also, existing investors such as Octopus Ventures, EQT Ventures and Opera Tech Ventures took part in the funding round.