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