Tink has completed a €90m (approximately £76.8m) investment round — its largest funding to date — to support its European expansion.
The Open Banking platform will use this funding to further develop its system, enabling banks, fintechs and start-ups to develop data-driven financial services.
London-based B2B software venture capital firm Dawn Capital, San Francisco-based investment management firm HMI Capital and existing investor Insight Partners led the investment round.
The round also featured the financial services network Poste Italiane as a new investor, as well as existing investors Heartcore Capital, ABN AMRO Ventures and BNP Paribas’s venture arm Opera Tech Ventures.
“During 2020, we are committed to building out our platform with more bank connections and, on top of that, expanding our product offering,” said Daniel Kjellén, co-founder and CEO at Tink (pictured above).
Josh Bell, general partner at Dawn Capital, added: “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.”
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