Swedish Fintech Tink Raises $64mn

Swedish based digital banking startup Tink has raised $64mn at a $270mn valuation; the new capital was led by Insight Venture Partners with participation from SEB, Nordea and ABN AMRO; the company has become completely focused on selling its technology to other providers; Fredrik Hedberg, co-founder and chief technology officer of Tink, tells CNBC, “Today Tink is an open banking platform company that builds the platform as a service for financial services companies.”; the company plans to use the new funds for platform development to the UK, Germany, Austria, Belgium and Spain; international expansion is in the cards but probably a few years away. Source.

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