The European open banking platform named Tink has revealed €90 million in their new funding – 11 months after the announcement of Sweden headquartered company the round of €56 million funding. This new round is being co-led by the HMI Capital, Insight Partners and Dawn Capital. Also, the round includes the officeholder as well as the current investors – Heartcore Capital, Opera Tech Ventures, Ventures and BNP Paribas’ venture arm and ABN AMRO.
The introduction of the capital will activate the Tink to enhance the European extension plans as well as the development of its product. The co-founder and CEO of the Tink named Daniel Kjellén said that in 2020 they were committed to creating their platform with some more bank connections and also to grow their product offering. He also said that their goal was to be the liked pan-European provider of the digital banking services and to enhance their local presence throughout the area.
Tink was originally launched in 2013 in Sweden as a consumer facing finance app with the bank account aggregation at the heart. Since the reposition, the offering of the Tink to be an entirely fledged open banking system, requisite with the developer APIs and to activate the banks and some other financial service providers to ride open PSD2/banking train.
Daniel also said that they had grown notably in both of their platform’s connectivity as well as an organization. He also said that during the year we had launched their platform in Austria, UK, Belgium, Spain, Germany, Italy, Portugal and the Netherlands.