Token is an open banking payments platform driving the shift from traditional payment methods to bank payments with best-in-class, Pan-European bank connectivity, data and compliance capabilities.
Token’s mission is to allow financial institutions, businesses, and people to instantly and securely move money wherever they are located.
Token was founded in Jan 2015. The company is headquartered in London, with offices in Berlin, Germany and San Francisco, California.
Token offers best-in-class open payment and data connectivity in Europe through a single API and interface, processing millions of open payments annually for over 80 payment service providers, gateways, banks and large merchants.
Token’s focus on payments has enabled us to develop deep functionality that makes accepting direct bank payments elegant and simple, while our enterprise-first approach enables other players in the existing payment value chain to bring direct bank payments to their customers.
Token’s connectivity network reaches over 210 million potential end-users of Open Banking services and €13 trillion in customer deposits. Customers include BNP Paribas, HSBC, Mastercard, Nuvei, Paysafe, Ecommpay, Rewire, Coingate, Raypd, Sonae Universo, Volt, Vyne.
Token is backed by Octopus Ventures, SBI Investment, EQT Ventures, Cota Capital, Sony Innovation Growth Ventures, TempoCap, Opera Tech Ventures, Element Ventures, MissionOG, PostFinance, and others. The company raised $40M in Series C round on May 12, 2022. This brings Token's total funding to $90M to date.