Tink Acquisition, Valuation, Funding & Investors

Tink was acquired by Visa for $2.1B in June 2021, a 75.3x multiple on $28M of revenue.

See full Tink profile

Tink acquisition price

$2.1B

Acquired by Visa · Jun 2021

Tink revenue at acquisition

$28M

Last twelve months · Jun 2021

Tink revenue multiple at acquisition

75.3x

EV/Revenue · Jun 2021

Cumulative funding Tink raised

$309M

across 7 funding rounds

Tink Overview

About Tink

Tink is a Stockholm-headquartered open banking platform offering account aggregation, payment initiation, data enrichment, and personal finance management tools. Integrated by banks like ABN AMRO, BNP Paribas Fortis, Nordea, Klarna, and SEB, its APIs enable seamless financial data access and transactions across Europe. Founded in 2012, Tink powers standalone apps and embedded services in banking infrastructures, supporting PSD2 compliance. Acquired by Visa in 2022, it processes millions of bank connections.


Founded

2012

HQ

SwedenStockholm

Website

tink.com

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$35M (Dec 2020)

Valuation

$782M (Dec 2020)

Tink Acquisition

Tink was acquired by Visa for $2.1B on 24 June 2021.

The acquisition price implies a 75.3x revenue multiple on $28M of revenue.

Before the acquisition Tink had raised $309M across 7 funding rounds.

Tink acquisition details
AcquirerDateTypePriceEV/Revenue
24 Jun 2021Strategic M&A$2.1B75.3x

Tink Valuation

Tink is currently valued at $782M, based on its undisclosed-stage round in December 2020.

The $104M round was led by Dawn Capital and Eurazeo, with participation from ABN AMRO Ventures, Heartcore Capital, Poste Italiane, Opera Tech Ventures and HMI Capital.

Tink's valuation has moved from $824M at its strategic investment round in June 2019 to $782M in December 2020, across 3 priced rounds.

Tink valuation by funding round

Revenue multiple
Tink valuation by funding round
DateStageValuationRevenue Multiple
Dec 2020Undisclosed stage$782M22.3x
Jan 2020Undisclosed stage$460M13.2x
Jun 2019Strategic investment$824M-

Tink Revenue

Tink's latest recorded revenue is $35M, as of its undisclosed-stage round in December 2020. At a $782M valuation, that implies a 22.3x revenue multiple.

Revenue moved from $35M in January 2020 to $35M in December 2020, while the revenue multiple moved from 13.2x to 22.3x.

Tink revenue by funding round

Tink revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2020$35M$782M22.3xUndisclosed stage
Jan 2020$35M$460M13.2xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Tink Funding History

Tink has raised a total of $309M across 7 funding rounds.

Tink's first fundraising round was a $4M Series A in September 2014. The most recent completed round was a $104M undisclosed-stage round in December 2020.

Tink funding rounds

Tink funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2020Undisclosed stageDawn Capital (lead); Eurazeo (lead); ABN AMRO Ventures; Heartcore Capital; Poste Italiane; Opera Tech Ventures; HMI Capital$104M$782MTink is a Stockholm-based open banking platform founded in 2012 by Daniel Kjellén and Fredrik Hedberg, providing a single API to access financial data from over 2,500 banks across Europe in compliance with PSD2. It powers digital services for more than 300 banks and fintechs including PayPal, NatWest, ABN AMRO, BNP Paribas, Nordea, and SEB, and supports over 8,000 developers. The platform processes close to 1 million payment transactions per month in five markets, with plans to expand payment initiation to 10 markets in 2021. On December 11, 2020, Tink closed an €85 million investment round extension, co-led by Dawn Capital and Eurazeo Growth, with participation from ABN AMRO Ventures, Heartcore Capital, HMI Capital, Opera Tech Ventures, and Poste Italiane, including some secondary transactions. This followed a €90 million round in January 2020, bringing total 2020 investment to €175 million and valuing the company at a post-money €680 million ($825 million). Previously, Tink had raised almost $200 million across rounds. Funds were allocated to fuel growth, European expansion, and payment initiation technology development. At the time of the extension, Tink reported annual recurring revenue (ARR) of €30 million. In 2020, the company grew significantly, doubling fintech users to 8,000, expanding employee count from 250 to 365 across 13 European offices, and completing three acquisitions: Swedish credit decisioning firm Instantor for enhanced credit risk products, Spanish account aggregation provider Eurobits for broader bank coverage, and another to bolster open banking data services. Tink's platform connects to banks serving over 250 million customers across 12 European markets by late 2020, with launches in Belgium, Austria, UK, Germany, Spain, Netherlands, Portugal, and Italy that year. Customer numbers quadrupled in the prior period, emphasizing use cases like automated identity verification and personal finance management tools.
Jan 2020Undisclosed stageDawn Capital (lead); HMI Capital (lead); Insight Partners (lead); ABN AMRO Ventures; PayPal; Heartcore Capital; Poste Italiane; Opera Tech Ventures$100M$460MTink is an open banking platform that enables financial institutions and fintechs to access aggregated financial data, initiate payments, enrich transactions, and build personal finance management tools through a single API. The company's technology powers digital services for over 300 world-leading banks and fintechs including PayPal, ABN AMRO, BNP Paribas, Nordea, and SEB, and is used by more than 8,000 developers. In January 2020, Tink closed a €90 million investment round led by investors including ABN AMRO Ventures, Dawn Capital, Heartcore Capital, HMI Capital, Insight Partners, Opera Tech Ventures, PayPal, and Poste Italiane. This capital was deployed to support expansion of payment initiation technology and the company's growing footprint across Europe. At the time of funding in early 2020, Tink had an annual recurring revenue (ARR) of €30 million. During 2020, the company made three major acquisitions as part of its strategy to build intelligent data-services based on open banking: Swedish credit decisioning firm Instantor, Spanish account aggregation provider Eurobits, and the aggregation platform of UK open banking pioneer OpenWrks. These acquisitions expanded Tink's credit risk capabilities and bank connectivity across Europe. The company demonstrated significant growth throughout 2020, increasing bank connections from 2,500 to 3,400, expanding its customer base to over 300 financial institutions, doubling fintech platform users from 4,000 to 8,000, and growing its workforce from 250 to 365 employees across 13 offices in Europe.
Jun 2019Strategic investment-$11M$824MTink is a Sweden-based open banking platform founded in 2012 and headquartered in Stockholm, providing API technology that connects to thousands of banks across Europe for account aggregation, payment initiation, and data services to banks, fintechs, and merchants. It operates in 13 countries including Sweden, UK, France, Spain, Germany, Italy, Portugal, Denmark, Finland, Norway, Belgium, Austria, and the Netherlands, serving over 300 financial institutions, 8,000 fintech users, and reaching 250 million bank customers via 3,400 bank connections. In June 2019, Tink closed a $103 million (€85 million) extension to its Series E venture round, co-led by Eurazeo Growth and Dawn Capital, with participation from PayPal Ventures, HMI Capital, Heartcore, ABN AMRO Ventures, Poste Italiane, and Opera Tech Ventures, bringing total funding to nearly $310 million and boosting post-money valuation to $824 million. The funds supported European expansion, payment initiation development, and followed acquisitions of Instantor, Eurobits, and OpenWrks. Headcount grew from 250 to 365 employees across 13 offices. This extension followed a €56 million Series E round in February 2019 led by Insight Venture Partners at €240 million post-money valuation, expanding to nine markets, and a prior €90 million Series D in January 2020 at €415 million valuation. Tink aimed for pan-European coverage serving big banks to individual developers.
Feb 2019Series DInsight Partners (lead); SEB Group; ABN AMRO Ventures; Heartcore Capital; Nordea Bank$64M--
Oct 2017Series CCreades (lead); ABN AMRO Ventures; Heartcore Capital; Nordnet Bank AB; Nordea Bank$16M--
May 2016Series BCreades (lead); ABN AMRO Ventures; Heartcore Capital; SEB Venture Capital$10M-Tink, a Sweden-based mobile banking app providing personal finance solutions, raised $10 million in Series B funding on May 19, 2016. The round was led by Swedish investment firm Creades and SEB Venture Capital, with participation from ABN AMRO Ventures and Heartcore Capital. The capital supported international expansion and product evolution into a virtual bank leveraging new European banking standards. At the time, Tink had 300,000 users in Sweden on Tink 1.0 and was running beta tests in 10 additional European markets. SEB Venture Capital's investment was strategic, powering personal finance management features for SEB’s banking app, making SEB Tink’s fifth largest shareholder.
Sep 2014Series AHeartcore Capital (lead); Sven Hagströmer$4M-Tink raised $4 million in a funding round on September 10, 2014. Heartcore Capital participated as an investor in Tink's early funding activities.

Who has invested in Tink?

15 investors have backed Tink across its funding rounds, including Heartcore Capital, ABN AMRO Ventures, Insight Partners, Dawn Capital, Creades and Opera Tech Ventures.

Lead investors include Dawn Capital, Eurazeo, HMI Capital, Insight Partners, Creades and 1 other investor.


Tink Investors

Investors in Tink by funding rounds participated
InvestorHQRoundsRoleFirst check
Heartcore CapitalDenmarkCopenhagen6LeadSep 2014
ABN AMRO VenturesNetherlandsNetherlands5ParticipantMay 2016
CreadesSwedenStockholm2LeadMay 2016
Nordea BankFinlandHelsinki2ParticipantOct 2017
Poste ItalianeItalyRome2ParticipantJan 2020
Opera Tech VenturesFranceParis2ParticipantJan 2020
Insight PartnersUnited StatesNew York City, NY2LeadFeb 2019
HMI CapitalUnited StatesSan Francisco, CA2LeadJan 2020
Dawn CapitalUnited KingdomLondon2LeadJan 2020
SEB GroupSwedenStockholm1ParticipantFeb 2019
PayPalUnited StatesUnited States1ParticipantJan 2020
SEB Venture CapitalSwedenSweden1ParticipantMay 2016
Nordnet Bank ABDenmarkCopenhagen1ParticipantOct 2017

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Acquisitions by Tink

Tink has acquired 3 companies to date.

Last acquisition by Tink was on May 18th 2021. Tink acquired FinTecSystems for undisclosed valuation.


Latest Acquisitions by Tink

FinTecSystems
Instantor
Eurobits Technologies
Description
FinTecSystems is a Munich-founded company in 2014 providing banking APIs and smart data analytics in Germany. With 40 employees across five locations, it offers open banking account information and payment services, authorized by BaFin in 2019, to partners including N26, Santander, DKB, and Deutsche Handelsbank for real-time loan decisions.
Instantor is a Stockholm-based fintech providing bank account data analysis for credit risk assessment, now integrated into Tink's open banking platform. It aggregates transactional data from over 3,000 banks across Europe, Latin America, and Asia. Financial institutions use its API for income verification and default predictions in loan approvals. Instantor holds AISP authorization from Finansinspektionen under PSD2. Acquired by Tink in 2020, it powers services for lenders like Klarna.
Eurobits Technologies is a Madrid-based provider of PSD2-compliant open banking aggregation APIs. Established in 2004, the company delivers account information and payment initiation services to over 50 financial institutions and fintechs across the Eurozone, including BBVA and Santander. Its platform aggregates data from 3,000 banks via XS2A interfaces, supporting personal finance apps and corporate treasury tools. Eurobits Technologies maintains ISO 27001 certification for secure data handling.
HQ CountryGermanySwedenSpain
HQ City
Munich
Stockholm
Madrid
Deal Date18 May 202116 Jul 202027 Mar 2020
Valuationundisclosedundisclosed$17M
EV/Revenue
EV/EBITDA

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Tink Competitors

Tink competitors include listed companies like Marex Group and StoneCo, and private ones like Alpaca, Plaid, Modern Treasury and StashAway.

Public and private companies comparable to Tink
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AlpacaJapanTokyoPrivate$100M-$1.1B11.5x
Marex GroupUnited KingdomUnited KingdomPublicly listed$3.6B$1.2B$5.3B3.5x
PlaidUnited StatesSan Francisco, CAPrivate$430M-$8B18.6x
Modern TreasuryUnited StatesSan Francisco, CAPrivate$9M-$2.2B-
StashAwaySingaporeSingaporePrivate--$2.2B-
StoneCoBrazilBrazilPublicly listed$2.6B$965M$2.2B1.2x

Tink Public Comps

Tink is no longer listed, but its public comps include StoneCo, Alkami Technology, Servyou Software Group, Shanghai DZH, National Securities, Marqeta, Fawry, TP ICAP, Netwealth Group and Worldline.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
StoneCo$2.6B$965M1.3x1.2x3.6x2.2x
Alkami Technology$444M($27M)5.1x4.5x(85.4x)26.5x
Servyou Software Group$306M$35M7.4x6.6x64.6x44.3x
Shanghai DZH$123M($545K)18.1x-(4082.3x)-
National Securities$159M$48M9.4x8.5x31.6x-
Marqeta$625M$14M1.5x1.4x69.6x7.1x
Fawry$166M$73M6.8x5.2x15.4x9.6x
TP ICAP$3.2B$502M0.1x0.1x0.7x0.6x

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Common questions about Tink

When was Tink founded?Tink was founded in 2012.
Where is Tink headquartered?Tink is headquartered in Stockholm, Sweden.
Is Tink publicly listed?No, Tink was acquired by Visa in June 2021.
Who acquired Tink?Tink was acquired by Visa in June 2021.
How much was Tink acquired for?Tink was acquired for $2.1B in June 2021, a 75.3x revenue multiple.
What is Tink's valuation?Tink was last valued at $782M in its undisclosed-stage round in December 2020.
How much funding has Tink raised?Tink has raised $309M across 7 funding rounds.
What was Tink's last funding round?Tink's last funding round was a $104M undisclosed-stage round in December 2020, led by Dawn Capital and Eurazeo.
Who are Tink's investors?Tink's investors include Heartcore Capital, ABN AMRO Ventures, Creades, Nordea Bank, Poste Italiane, Opera Tech Ventures, Insight Partners, HMI Capital, Dawn Capital, SEB Group and 5 others.
What is Tink's revenue?Tink's latest recorded revenue is $35M (December 2020).
What is Tink's revenue multiple?Tink's latest valuation implies a 22.3x revenue multiple ($782M valuation on $35M of revenue).
Which companies are comparable to Tink?Companies comparable to Tink include Alpaca, Marex Group, Plaid, Modern Treasury, StashAway and StoneCo.
How many companies has Tink acquired?Tink has acquired 3 companies, including FinTecSystems, Instantor and Eurobits Technologies.
What was the largest acquisition by Tink?The $17M acquisition of Eurobits Technologies in March 2020 is the largest acquisition Tink has made to date.

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