Tink banks funding with corporate help

Feb 8, 2019 • Jack Hammond

Banking software provider Tink has secured $63.4m from investors including financial services firms SEB, Nordea and ABN Amro at a valuation of about $270m.

Financial services firms SEB, Nordea and ABN Amro have participated in a €56m ($63.4m) funding round for Sweden-based open banking technology developer Tink, TechCrunch reported yesterday.

The round was led by Insight Venture Partners and included fellow venture capital firm Sunstone, as well as private investors Christian Clausen and Nikolay Storonsky. It increased the company’s valuation to approximately $270m, undisclosed sources told TechCrunch.

Nordea took part in the round through its corporate venturing unit, Nordea Ventures, with ABN Amro investing…

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