Tink raises more money at a 2.5x valuation in just three months.

Sweden Investments 04 January 2019
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Tink, a Stockholm, Sweden-based financial company acting as a virtual bank providing financial services, secured an undisclosed amount of capital.

The transaction values the company at SEK 226M ($25.3M). In the most recently published net asset value report as of November 30, 2018, the corresponding value was SEK 93M ($10.4M).

Tink was founded in 2012 by Daniel Kjellén and Fredrik Hedberg and developed a mobile app that provides aggregation and payment initiation technology that draws information from multiple banking sources.

The company has raised more than $30M in capital investment, from investors including SEB Venture Capital, ABN Amro, Nordea Ventures and Sunstone Capital.