Tink, A Visa Solution, has secured $103.0 million in new funding from investors. This significant capital injection will support the continued growth and development of the market-leading payment services and data enrichment platform, which serves some of the world’s largest financial institutions. The investment underscores confidence in Tink's established position and its pivotal role in the evolving financial technology sector.
Founded in Stockholm in 2012 as a pioneer of open banking, Tink provides a comprehensive suite of payments, banking, and lending solutions. These solutions power various financial processes, including initiating account-to-account payments, streamlining user onboarding, facilitating better risk decisions, and creating engaging money management tools. As a wholly owned subsidiary of Visa, Tink and Visa’s open banking solutions are currently present in 20 markets, boasting 13,000 connections to financial institutions globally.
The newly raised capital is earmarked for strategic growth initiatives. Tink plans to use the funds to accelerate its product development roadmap, further enhance its platform capabilities, and expand its operational footprint across its key markets. This investment round is crucial for Tink as it continues to enable its partners to offer data-driven experiences that simplify complex financial interactions for millions of consumers worldwide.
Looking ahead, Tink remains committed to its mission of powering the new world of finance through innovative open banking solutions. The company aims to solidify its leadership in the payment services and data enrichment space, driving further adoption of its platform and expanding its reach to empower more financial institutions and their customers globally.
