20 January 2020:
Tink has raised €90 million in a funding round co-led by Dawn Capital, HMI Capital and Insight Partners. Poste Italiane, Insight Partners, Heartcore Capital, ABN AMRO Ventures and BNP Paribas’ venture arm, Opera Tech Ventures also participated in the funding round.
The company will use the fresh capital to continue itt’s expansion across Europe and support further development of its open banking platform that enables banks, fintechs and startups to develop data-driven financial services.
Daniel Kjellén, co-founder and CEO, Tink, said, “The investment round will facilitate our ambitious growth plans over the next year and beyond. During 2020 we are committed to building out our platform with more bank connections and, on top of that, expanding our product offering.”
Daniel Kjellén, added, “Our aim is to become the preferred pan-European provider of digital banking services and to offer the technology needed for banks, fintechs and startups to leverage the opportunities of open banking and enable them to successfully develop financial services of the future. Two key factors for succeeding with that are that we strengthen our European coverage and continue to deliver new data-products on top of this infrastructure to our customers.”
Josh Bell, General Partner, Dawn Capital, said, “As the world of banking undergoes a fundamental shift, from analog to digital and from closed to open, banks and financial services require a new set of technical foundations on which to build a winning product strategy for the coming decades.”
Josh Bell, added, “Tink has become a trusted partner amidst growing demand from Europe’s leading banks and fintechs seeking to build better and more creative financial products and services. Our investment underlines the confidence that the industry has in Tink’s category leading technology, and we look forward to supporting them on their continued journey.”
(Source – Tink)