Valuation : $ 2.4bn Latest funding round : $ 103mn

Following a massive $ 103mn funding round in December of 2020 , the open banking startup Tink has moved from strength to strength . Following a series of opportune collaborations with strategic industry partners , the fintech was acquired by Visa for $ 2bn in June of 2021 . Tink is a Swedish company based in Stockholm . It shot to success following its disruptive solutions that saw it aggregate a number of banks and financial service providers through its embedded API . Launched in 2012 , it is partnered with PayPal , NatWest , ABN AMRO , BNP Paribas , Nordea and SEB , some of which are also strategic investors . It also has recorded an estimated 8,000 developers using its APIs .

Daniel Kjellén , Co-Founder and CEO at Tink , recently told the press , “ As open banking moves towards mainstream adoption , we ’ re not surprised to see investments in data-driven initiatives increasing .” fintechmagazine . com 149