The OP Financial Group-backed open banking platform developer has collected $16.5m in a round that included BNP Paribas' Opera Tech unit.
US-based banking software provider Token has raised $16.5m in a funding round featuring Opera Tech Ventures, an investment fund established by banking firm BNP Paribas.
The round included venture capital firm Octopus Ventures and EQT Ventures, a subsidiary of private equity group EQT Partners.
Token has created an open banking platform that allows banks, merchants and payment processors to build payment systems and aggregate data in compliance with regulations. It claims the software is used by more than 4,000 banks.
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