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Tink reports European expansion with launches across Italy and Portugal

tink

Daniel Kjellén, co-founder and CEO, Tink

Tink, an open banking platform, has announced the acceleration of its European expansion with the launch of its platform in Italy and Portugal along with the new offices in Madrid and Milan. The European FinTech states that its team has grown from 20 members in 2016 to 270 members in December of 2019.

Daniel Kjellén, co-founder and CEO, Tink, said, “What a year it has been for Tink. From completing our €56 million investment round in February to improving product experiences for millions of customers across Europe, we have continued to turn our ambition of pan-European expansion into a reality. Our latest roll-out across Spain, Portugal and Italy strengthens our position as Europe’s leading open banking platform. In 2020, we hope to complete our pan-European coverage, propelling the development of customer-centric financial services and deliver the technology that makes it possible.”

The Portuguese launch follows Tink’s partnership with Caixa Geral de Depósitos (CGD), wherein the bank integrated Tink’s products for the launch of its financial consumer app, DABOX. The platform launch will allow the supplier to provide banks and FinTechs with financial data from large Portuguese banks such as ActivoBank, Atlantico Europa and Santander.

The supplier’s Italian expansion followed the appointment of Marie Johansson as its Country Manager for Italy, whereas the appointment of Beatriz Gimenez as Country Manager for Portugal and Spain facilitated its growth in the Spanish markets.

Through the partnerships and expansion, the supplier aims to be able to access financial data of its end customers through the regulated PSD2 API, thus enhancing its customer experience.

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