Sweden's Tink Raises €85M Extension for Open Banking Platform

Tink, a leading European open banking platform headquartered in Sweden, raised approximately €85 million ($103 million) in a funding round extension announced in December 2020. The platform connects to over 3,400 banks and serves more than 250 million end customers across Europe, providing API-based access to financial data and payment initiation services. Tink's infrastructure enables fintechs, banks, and businesses to build embedded financial products on top of aggregated banking data.

The round reflects growing demand for open banking infrastructure as PSD2 regulations drive API adoption across European financial institutions. With this additional capital, Tink plans to deepen its European footprint and expand product capabilities. The company sits at a critical layer of the embedded finance stack, providing connectivity that many BaaS and embedded finance offerings depend upon.

The investment came as open banking entered a high-growth phase with increasing real-world adoption beyond regulatory compliance.