In the latest development, the Swedish open banking platform Tink has acquired Eurobits for €15.5 million in a bit to continue its expansion across Europe. The acquisition is conditional upon approval from the national competent authorities.
Aims to strengthen bank connectivity coverage!
As per the company claims, the acquisition will strengthen Tink’s bank connectivity coverage and its market position in Southern Europe. For the uninitiated, Eurobits is a provider of account aggregation services. The company aims to transform the way people and businesses interact with financial services.