Tink Secures $100 Million In Funding Round
Tink, a Swedish banking platform, secured $100 million in a funding round, according to Business Insider.
The funding round was co-led by Dawn Capital, HMI Capital, and Insight Partners. It has been less than a year since Tink announced it had raised a separate $63 million. The startup is now valued at around $461 million with the new funding included.
The $100 million just raised will be used as the company accelerates its expansion into Europe and pursues further development of its product. Tink was originally launched as a consumer-facing app centered on account aggregation.
Tink has overhauled its original business plan and moves to operate as a business-to-business model that targets financial institutions looking to take advantage of open banking opportunities.
Tink, a Swedish banking platform, secured $100 million in a funding round.