Consortium in €90m round for Tink

The round also saw participation from financial services network Poste Italiane as a new investor, along with existing investors Heartcore Capital, ABN Amro Ventures, BNP Paribas and Opera Tech Ventures.

The fresh capital will be used to accelerate Tink's European expansion plans and further develop its product.

Previous funding
Danish venture capital firm Sunstone led a $4m series-A round for Tink in September 2014, and returned alongside SEB to invest a further $10m in the company's series-B in May 2016.

The company raised €14m in a round from SEB, Nordea Ventures, Nordnet, ABN Amro, Creades and Sunstone in October 2017.

Subsequently, Insight led a €56m funding round for Tink in February 2019. Existing investors Sunstone, SEB, Nordea and ABN Amro all took part, as well as new investors Christian Clausen and Niklay Storonsky, the founder of Revolut.

Company
Founded in 2012 and headquartered in Stockholm, Tink develops a mobile app focused on banking services, including personal finance management and the mapping of spending habits. The company has offices in Paris, Helsinki, Oslo, Madrid, Warsaw, Milan and Copenhagen, and employs 300 people. 

People
Tink – Daniel Kjellén (CEO, co-founder).

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• Topics
• Expansion
• Nordics
• Technology
• Financials
• Venture
• Sweden
• Dawn Capital
• Insight Venture Partners
• ABN AMRO
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