Silicon Canals
No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us
No Result
View All Result
Silicon Canals
No Result
View All Result

Swedish fintech startup Tink raises €56M, aims to become pan-European open banking platform

Editorial team by Editorial team
February 8, 2019
in FinTech, News, Startups
Swedish fintech startup Tink raises €56M, aims to become pan-European open banking platform
20
SHARES
LinkedInTwitterWhatsAppFacebook
Read this article in:

Swedish fintech startup, Tink has recently raised €56 million in a funding round led by US-based Insight Venture Partners and existing investors such as Sunstone, Nordea Ventures, SEB and ABN AMRO Digital Impact Fund. This funding is aimed at fueling its expansion. As per reports, this new funding round takes its value to €240 million.

Tink offers an app, which lets people get an idea of how they are spending across their bank accounts. Launched in Sweden in 2012 by Daniel Kjellén and Fredrik Hedberg, it is a consumer-centric finance app. With bank account aggregation, it provides underlying technology to banks and financial institutions that want to try open banking.

Tink provides services such as Account Aggregation, Payment Initiation, Personal Finance Management and Data Enrichment. These services can be used by the third parties that want to integrate their apps into the existing banking applications.

Plans to expand into new markets

- Partner content -
Atlas HXM EOR Employee of Record
How EOR is becoming a crucial tool in 2023
EOR gains importance as companies digitise and hire globally. Learn from industry leaders...Show More
EOR gains importance as companies digitise and hire globally. Learn from industry leaders using EOR with Atlas HXM.Show Less
Read more

Tink is gearing up to launch its developer platform in five new markets such as UK, Austria, Spain, Belgium and Germany. Adding the Nordics base, the overall number of markets totals to nine countries. With the new capital, the company is bullish to establish its presence in 20 markets this year. It aims to cover big banks to individual developers in the new markets. Basically, Tink aims to become a pan-European open banking platform.

New offices in plan

Tink already has 150 employees at its headquarters in Stockholm and opened an office in London. Furthermore, it plans to open four more offices later this year and doubling its team size from 150 to 300 employees. Some notable customers of Tink are SEB, BNP Paribas Fostis, Klarna, Nordea and ABN AMRO.

Competition from others

Though it is an open banking platform, Tink does face a rivalry from other fintech startups with similar products such as Bud. Notably, Bud is backed by banks such as HSBC, Nordic API Gateway, TrueLayer and Meniga.

Regarding the new funding round, Daniel Kjellén, co-founder and CEO of Tink said, “This funding round allows us to accelerate our European roll-out but also invest further in our data services. As Europe gradually embraces open banking, our platform has proved to be its rails and brains – delivering the technology that makes it possible. We attribute our success to being the first platform provider to combine account aggregation and payment initiation, the scale of our connectivity and our smart data products that make it all understandable”.

Stay tuned to Silicon Canals for more updates in the tech startup world.

Also read,

6 things to know before setting up your deep tech scaleup in Belgium today!

 - Partner content -
How to succesfully outsource…
How to succesfully outsource…
...your recruitment or product development with our curated community partners!
...your recruitment or product development with our curated community partners! Show Less
Read more
Tags: FinTechfundingstartups
Share1Tweet5SendShare8

Partner with us | Download Media Kit

Thank you for visiting Silicon Canals! If you want to partner with us, look at our options.

Featured | Tech Events

Current Month

september, 2023

Silicon Canals | Jobs

Breaking news from Amsterdam | Partner

Endeit Capital backs Amsterdam’s Lepaya in €35M round to revolutionise corporate learning through AI

Chemical Utopia: How Amsterdam Chemistry Network’s ChemAI aims to upend Dutch Chemistry

Amsterdam’s Truvity launches Truvity Platform to revolutionise digital identity verification technology

Partner content | Work with us

Amsterdam’s Invest-NL takes center stage in protecting Dutch companies from unwanted takeovers: Here’s how

[Exclusive] Amsterdam’s YourKitchen gets acquired by The Kitchen Dojo and Trias Real Estate: Know more

Meet Samaa Mohammad, an AI ethicist solving diversity problem with Techleap.nl’s DLiT Community

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Sign up for our newsletter!
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • Coin Canals
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Community partners
    • Amsterdam
    • Rise by Techleap.nl
    • EOR handbook by Atlas HXM
    • Guest Contributions
    • Business Wire
    • Sign up for our newsletter!
  • Global Jobs
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Contribute your content
    • Team
    • About us
  • Partner with us

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

X
X