Sunstone leads $4m series-A in Tink

The funding round also saw participation from Sven Hagströmer and existing investors, and will see Sunstone general partner and co-founder Christian Lindegård Jepsen join Tink's board.

With the fresh capital, Tink plans to expand outside of Sweden, increase staffing and develop its product, an app to track users' personal finances.

Available on iOS and Android, the app launched in its home country last year and now has 200,000 users.

Previous funding
Tink raised $800,000 in seed capital from investors including former Avanza Bank CEO Nicklas Storåkers in early 2013.

Company
Founded in 2012, the 10-strong company has developed a personal finance app that securely connects to users' bank account and credit cards to track their finances, similar to the US-based Mint app.

The app provides a quick overview of in- and outflows, and allows users to set saving goals. It also warns against potential overspending and large upcoming expenses.

Tink says its product is aimed at young people – its typical user is a 23-year-old woman.

People
Christian Lindegård Jepsen worked on the deal for Sunstone, while CEO Daniel Kjellén represented Tink.

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• Topics
• Expansion
• Nordics
• Technology
• Sweden
• Sunstone Capital A/S