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The transaction for the open banking platform comes on the back of a €90m financing round in January and the acquisition in March of Eurobits Technologies, a Madrid-based provider of account aggregation technology, for €15.5m.
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The deal will enable Tink to continue its expansion across Europe and strengthen its product offering. “I believe this is a great strategic fit rooted in a shared mission,” says Instantor’s CEO, Simon Edström. “Together with Tink we will create an even stronger European market leader in open banking.”
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