PayPal makes second investment in Tink to continue expansion in open banking technology.
Together, their commercial agreement extends across Europe to include all EEA countries.
PayPal is implementing Tink's open banking and account aggregation services into user experiences.
PayPal's investment forms part of Tink's latest €90 million investment round, announced in January 2020.
Back in the summer of 2019, Tink and PayPal came together to expand open banking technology, with PayPal investing in Tink, and using our open banking tech.
Fast forward to now, and the commercial relationship is extending across Europe, to include all countries within the European Economic Area (EEA). PayPal is implementing Tink’s open banking and account aggregation services into some customer user experiences, to leverage the opportunities of PSD2 and open banking. This is supported by a second strategic investment in connection with Tink’s latest €90 million investment round, announced in January 2020.
'PayPal is one of the world’s leading fintech companies, serving more than 330 million consumers and merchants in more than 200 markets worldwide. So we are honoured to have been selected to help this global leader, and extend our relationship with them following this new agreement and strategic investment,' said Daniel Kjellén, co-founder and CEO of Tink. 'As Europe’s leading open banking platform, we're looking forward to continuing to support PayPal as it extends and enhances its services across the whole of Europe,' he added.
To be inspired by the services and user experiences that can be built or improved with Tink technology check out our solutions – or get in touch.
2024-10-01
4 min read
Tink has today launched Merchant Information, a solution of our Consumer Engagement offering which provides consumers with more detailed information about their transactions.
Read more
2024-09-04
2 min read
Collaborating with Tink, a market-leading payment services and data enrichment platform, CTS EVENTIM has now added Pay by Bank to its checkout process.
Read more
2024-08-20
7 min read
Tink’s new research is telling for banks, revealing that consumers now demand more digital financial management tools to support their personal finance goals.
Read more
Contact our team to learn more about what we can help you build – or create an account to get started right away.