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 is both bank and developer- friendly, and multi-standard by design. With Token’s complete reseller toolkit, the best and brightest merchants, PSPs and banks create new capabilities and revenue streams through our broadest, Pan- European connectivity to over 3,000 banks.
Token Pay is the simplest way to bypass traditional methods and accept faster, lower cost bank payments. Token Pay provides secure access to over 3,000 banks in Europe to initiate real-time account-to-account (A2A) payments straight from apps and websites. All from a single interface.
Token is working with a range of industry players to build the payments ecosystem of the future. Partners include HSBC, Fidor, CGI, Capgemini and VirtusaPolaris.
Token is backed by Octopus Ventures, SBI Investment, EQT Ventures, Sony Innovation Growth Ventures and others. The company raised $15M in Series B round on Jan 27, 2021. This brings Token's total funding to $50M to date.