Tink expands operations into Spain, Portugal and Italy

Open banking platform Tink has opened new offices in Madrid and Milan as well as launching a new operation in Portugal.

Posted Thursday, December 12th 2019
Tink expands operations into Spain, Portugal and Italy

Beatriz Gimenez

In an effort to increase its focus on Iberia, Tink has also appointed former BBVA new business director Beatriz Gimenez as country manager for Spain and Portugal.

The strengthening of its operations in southern Europe comes at the end of a year in which Tink completed a €56 million investment round. Insight Venture Partners led the funding round. Also participating were existing investors Sunstone, SEB, Nordea Ventures and ABN AMRO Digital Impact Fund. They were joined by new investors Christian Clausen, former Chairman of the European Banking Federation, and Nikolay Storonsky, founder of Revolut. The last 12 months also saw Tink agree partnerships with PayPal, NatWest and Caixa Geral de la Depósitos (CGD).

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.”