Tink is a cloud-based platform that provides the infrastructure and data products that are enabling the future of financial services.
Tink app allows users to connect all their cards and bank accounts, pay bills, transfer money, open savings accounts and gain personalised insights. Tink's B2B offering, Tink Technology, provides easy-to-use APIs as building-blocks to create next-generation banking services.
Tink was founded in Jun 12, 2012 & is based in Stockholm, Stockholms Lan, Sweden.
Tink's API offers one access point to financial data from across Europe – as well as the ability to offer insights and actionable advice – whether it’s through our full-service enterprise offering or our self-service platform for developers.
Tink offer products such as Account Aggregation, Payment Initiation, Data Enrichment and Personal Finance Management that can be used to develop standalone services or be integrated into existing banking applications. Its partners include ABN AMRO, BNP Paribas Fortis, Nordea, Klarna and SEB.
Tink’s business is based around payment initiation technology, providing easy integrations into existing banking services, and then making a commission on transactions that subsequently take place. The company currently processes around 1 million payment transactions per month in five markets.
Tink already links up 3,400 banks, covering some 250 million people, with partners including PayPal, NatWest, ABN AMRO, BNP Paribas, Nordea and SEB, some of which are also strategic investors. On the other side, it has some 8,000 developers using its APIs.
Tink is backed by Insight Venture Partners, Dawn Capital, Eurazeo Growth, PayPal Ventures, HMI Capital, ABN AMRO Ventures, Creades AB, Nordea, Heartcore Capital and others. The company raised €85M ($103M) in a new round on Dec 11, 2020. This brings Tink's total funding to $308.5M to date. The latest round valued Tink at €680M (around $825M) post-money. Tink was previously valued €415M after a funding round on Jan 20, 2020.