Open banking platform Tink has accelerated its European expansion by launching in Italy and Portugal.
To coincide with the launch, Tink has also opened new offices in Madrid and Milan. The move rounds off a strong year for Tink, which saw the fintech raise €56m and secure partnerships with PayPal, NatWest and Caixa Geral de la Depósitos (CGD).
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Daniel Kjellén, co-founder and CEO, Tink, said: “What a year it has been for Tink. From completing our €56 million investment round in February to improving product experiences for millions of customers across Europe, we have continued to turn our ambition of pan-European expansion into a reality.
“Our latest roll-out across Spain, Portugal and Italy strengthens our position as Europe’s leading open banking platform. In 2020, we hope to complete our pan-European coverage, propelling the development of customer-centric financial services and deliver the technology that makes it possible.”
In September, CGD integrated Tink’s products, with Aggregation, Payment Initiation, Data Enrichment and Personal Finance Management, for the launch of its financial consumer app, DABOX, to enable the bank’s customers to make smarter financial decisions.
Additionally, through Tink’s Portugal launch, all banks and fintechs can access aggregated financial data from Portugal’s 20 largest financial institutions.
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By GlobalDataTink has also strengthened its commitment to the Portuguese and Spanish markets with the appointment of ex BBVA New Business Director Beatriz Gimenez as Country Manager for Portugal and Spain.
To further cement its position in Europe, Tink opened its Italian headquarters in Milan. Tink will offer Italian banks, fintechs and start-ups access to transaction data from 12 of the country’s key banks, including Unicredit, Intesa Sanpaolo and Banca Popolare di Milano.
