Eurazeo Growth, Dawn Capital lead €85m round for Tink

Eurazeo Growth invested €33m in the startup, which has raised €175m since being founded in 2012. 

Other investors included HMI Capital, Paypal Ventures, Heartcore, ABN Amro Ventures, Post Italiane and Opera Tech Ventures. 

According to TechCrunch, the latest funding round gives Tink a post-money valuation of €680m. 

Tink will use the proceeds for further expansion and for further development of its technology. 

In 2020, the company made three major acquisitions, Eurobits in Spain, Instantor in Sweden and Openwrks in the UK, strengthening its product offering and positioning in Spain and the UK.

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.

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.

In January 2020, Dawn Capital, HMI Capital and Insight Venture Partners co-led a €90m funding round for Tink. 

Company
Founded in 2012 and based in Stockholm, Tink is a provider of an open banking platform which connects with more than 3,400 banks and reaches 250 million banking customers across Europe. 

Tink counts banks and fintechs such as PayPal, NatWest, ABN Amro, BNP Paribas, Nordea and SEB among its customers.  Tink’s open banking platform is also used by more than 8,000 developers.

It  has more than 350 employees and is currently serving its clients out of 13 local offices across Europe. 

People
Tink - Daniel Kjellén (co-founder, CEO).
Eurazeo Growth – Yann du Rusquec (partner).

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