Tink secured €90 million in an investment round led by Dawn Capital, HMI Capital and Insight Partners.

Denmark Sweden Investments 20 January 2020
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Tink, a Stockholm, Sweden-based company operating an open banking platform, announces it has completed a €90 million ($100M) capital investment round.

The funding was backed by new and existing investors co-led by Dawn Capital, HMI Capital and Insight Partners. The investors list includes Heartcore Capital, ABN AMRO Ventures and BNP Paribas’ venture arm, Opera Tech Ventures, in addition to another new investor, Poste Italiane.

Tink, founded in 2012 and led by Daniel Kjellén, operates an open banking platforms that enables banks, fintechs and startups to use data to develop smart, personalised and “delightful” financial services.

The company makes available an API, through which customers access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools.

Tink connects to more than 2,500 banks and fintechs, including PayPal, Klarna, NatWest, ABN AMRO, BNP Paribas Fortis, Nordea and SEB, overall reaching over 250 million bank customers across Europe. The open banking platform is also used by more than 4,000 developers and has more than 270 employees based in additional offices in London, Paris, Helsinki, Amsterdam, Warsaw, Madrid, Copenhagen, Milan, Oslo and Lisbon

Prior to this round, Tink raised almost $100 million from venture companies, with the last round of roughly $64M made in 2019 in two tranches, including a strategic contribution from Paypal.