Tink scores $10M for its virtual banking app

Denmark Sweden Investments 19 May 2016
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Sweden’s Tink, a mobile banking app, has raised $10 million in Series B funding in a round led by Swedish investment firm Creades, and SEB Venture Capital, the venture arm of Swedish bank SEB.

The new capital will be used to help the startup expand internationally and, by taking advantage of new European banking technical standards, evolve its product beyond a ‘read only’ personal finance app to something Tink CEO Daniel Kjellén is calling a virtual bank.

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