Tink Announces That PayPal Has Become a Strategic Investor

Tink raised €56 million in new funding in February and today it announced a further investment of €1o million from PayPal; Tink is a Swedish fintech leveraging open banking technology to allow easier data access to financial data; PayPal will use Tink’s technology to allow customers to connect their bank accounts to their PayPal accounts; Tink is looking to take advantage of PSD2, a new European rule that allows consumers to authorize third parties to access their financial data. Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.