Tink

Tink is a leading European open banking platform that enables financial institutions, fintechs, and merchants to develop data-driven financial services. Founded in 2012 in Stockholm, Sweden, Tink provides a single API that allows customers to access aggregated financial data, initiate payments, enrich transactions, verify account ownership, and build personal finance management tools. The company connects to over 3,400 banks and financial institutions, reaching more than 250 million bank customers across Europe. Tink's technology facilitates various financial services, including account aggregation, payment initiation, data enrichment, and personal finance management.

In March 2022, Visa completed its acquisition of Tink for USD 2 billion, positioning the company to further expand its open banking services. As of 2022, Tink operates in 18 European markets and serves more than 300 banks and fintechs. The platform processes over ten billion transactions annually and has more than 10,000 developers using its services. Tink's solutions cater to various sectors, including banking, lending, payments, and enterprise services, offering tools for risk assessment, credit decisions, and scaling businesses.

Key customers and partnerships

Tink has established partnerships with numerous high-profile financial institutions and technology companies. Some of its key customers and partners include PayPal, NatWest, American Express, ABN AMRO, and BNP Paribas. In June 2022, Tink announced a strategic partnership with Revolut to expand open banking technology across Europe, allowing Revolut users to seamlessly move money into their accounts using Tink's payment initiation services.

Adyen, a Dutch payments company, selected Tink in October 2022 to enable its new white-label pay-by-bank and instant bank payments solutions, with plans to expand to multiple markets in 2023. Additionally, Tink has collaborated with various banks and financial institutions to improve lending processes, customer onboarding, and payment services. The company's extensive network of partnerships has contributed to its growth and adoption across the European financial services landscape.