Fintechs like Plaid and Tink make it easier for consumers to share their financial data, connecting the likes of PayPal with regular bank accounts. They are also a conduit for financial institutions, as these firms can plug into a ready network of millions of users and thousands of banks, rather than building each link individually. Tink CEO Daniel Kjellén says the company aims to use the €90 million ($100 million) it raised to become the “preferred pan-European provider” of these services.

https://qz.com/1787916/tink-raises-e90-million-placing-it-on-collision-course-with-plaid/