Swedish based digital banking startup Tink has raised $64mn at a $270mn valuation; the new capital was led by Insight Venture Partners with participation from SEB, Nordea and ABN AMRO; the company has become completely focused on selling its technology to other providers; Fredrik Hedberg, co-founder and chief technology officer of Tink, tells CNBC, “Today Tink is an open banking platform company that builds the platform as a service for financial services companies.”; the company plans to use the new funds for platform development to the UK, Germany, Austria, Belgium and Spain; international expansion is in the cards but probably a few years away. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.