Swedish financial technology start-up Tink says it’s raised 56 million euros ($64 million) in a funding round aimed at fueling its expansion plans.
But it also licenses its technology to banks with partnership deals, through which it either integrates its platform with their apps or helps them develop new standalone apps.
For instance, the company joined forces with ABN AMRO to help the Dutch lender create a new financial management app called Grip.
Tink said Thursday it had picked up fresh capital in a venture round that was led by Insight Venture Partners, with backing from SEB, Nordea’s venture capital arm and ABN AMRO’s corporate venture fund.
Christian Clausen, former chief executive of Nordea, and Nikolay Storonsky, co-founder and chief executive of fintech start-up Revolut, also invested in the company.