The House Oversight and Reform Government Operations Subcommittee will hold a hybrid hearing on ‘IRS in the Pandemic.’ #FoxBusiness

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Reported today on TechCrunch

For the full article visit: https://techcrunch.com/2020/01/19/tink-raises-e90m/

Open banking platform Tink raises €90M at a post-money valuation of €415M

Tink, the European open banking platform, is disclosing €90 million in new funding, just 11 months after the Sweden-headquartered company announced a €56 million round of funding.

Co-leading this new round is Dawn Capital, HMI Capital and Insight Partners. The round also includes the incumbent postal operator and Italy’s largest financial services network Poste Italiane as a new investor, along with existing investors Heartcore Capital, ABN AMRO Ventures and BNP Paribas’ venture arm, Opera Tech Ventures.

The injection of capital will enable Tink to accelerate its European expansion plans and further develop its product accordingly.

“During 2020, we are committed to building out our platform with more bank connections and, on top of that, expand our product offering,” Tink co-founder and CEO Daniel Kjellén tells me. “Our aim is to become the preferred pan-European provider of digital banking services and increase our local presence across the region”.

Originally launched in Sweden in 2013 as a consumer-facing finance app with bank account aggregation at its heart, Tink has long since repositioned its offering to become a fully-fledged open banking platform, requisite with developer APIs, to enable banks and other financial service providers to ride the open banking/PSD2 train.

Through its various APIs, Tink provides four pillars of technology: “Account Aggregation,” “Payment Initiation,” “Personal Finance Management” and “Data Enrichment.” These can be used by third parties to roll their own standalone apps or integrated into existing banking applications.

“We have grown significantly, both in terms of our platform’s connectivity and as an organisation,” says Kjellén

Keith Grose from Plaid explains how Open Banking represents a fantastic opportunity for entrepreneurs and developers to build payment applications and shares practical advice on how to get started.

Subscribe on YouTube: http://bit.ly/2FQSunJ
This episode was created with the support of Mockbank
To build an Open Banking application you need to create and test customers, accounts, balances and transactions that are immediately available via AISPs. It’s a real hassle, but you don’t have to go through it with Mockbank’s sandbox for Open Banking and PSD2.
Try Mockbank for free https://mockbank.io

ABOUT KEITH GROSE & PLAID
Keith is ex-Google, ex-Bain and now Head of International for Plaid, a leading open banking data network that enables companies to build fintech solutions.
Plaid is an open finance platform and data network that powers the digital financial ecosystem. Over 4,000 digital financial apps and services including Transferwise, Coinbase, Curve, and Sage, and many of the largest banks use Plaid to make it easy for their customers to connect their accounts at over 11,000 financial institutions across the US, Canada, the UK, and Europe. The company was founded in 2013 by Zach Perret and William Hockey and is headquartered in San Francisco, CA, US.
http://plaid.com
Full interview: https://youtu.be/sngzwXSTUsU

ABOUT FINTECHORAMA
This channel is dedicated to educate and entertain you about Fintech and Alternative Investments. We interview thought leaders and entrepreneurs, but also use series and movies to bring you cutting edge information every week on YouTube.
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Website https://orama.tv/
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#openbanking #payments #psd2

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