Tink scores $10M for its virtual banking app

In another raise for mobile banking, Sweden’s Tink raised $10 million in Series B funding in a round led by Swedish investment firm Creades, and SEB Venture Capital.

Tink will use the capital to expand internationally and to transform its product to transform its product to a virtual bank where users can make withdrawals and deposits. The CEO Kjell’en also states that “Tink is now the first company in the world to combine these two services to build a virtual bank where you can do all your day-to-day bank errands, across any account in any bank.”

The Tink app has 300,000 users in Sweden and is looking to expand through Europe.  But it does face competition. Mint and Level Money in the U.S., and Numbrs, Bankin’ and Money Dashboard in Europe.

http://techcrunch.com/2016/05/19/tink-scores-10m-for-its-virtual-banking-app/

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

Sending

Log in with your credentials

Forgot your details?