Tink and Eurobits become one
Tink and Eurobits’ union is official. From 4 November 2020 the acquisition is complete and Eurobits is becoming part of Tink. As a result, Tink’s new and existing customers can benefit from broader connectivity across Europe. Here’s the full story.
TL;DR – Quick summary
Banco de España has approved Tink’s acquisition of Eurobits
On 4 November 2020 the companies become one
This will expand Tink’s connectivity in Europe and Latin America
Giving customers access to broader and deeper account coverage
Bringing international customers to Tink including BBVA and Santander
We first announced our acquisition of the Spanish account aggregation provider Eurobits back in March 2020. But now it’s signed and sealed, following regulatory approval by the Spanish national central bank Banco de España – making Eurobits officially part of Tink.
What changes?
Once the acquisition is complete, Tink will increase its bank and financial institution connectivity, predominantly in Europe and in Latin America. As a result, our new and existing customers will benefit from broader account coverage and wider access to financial data.
International banking and fintech giants are also brought to Tink, such as BBVA, Santander, Bankia, Sabadell, Fintonic, National Bank of Greece and La Banque Postale of France. And our new customers will be able to access a new world of services that can be built upon financial data, such as categorisation, personal finance management, account check and payment initiation.
What happens next?
So we’re busy integrating all the best bits of Eurobits and Tink to better serve all of our customers, and the Eurobits brand will begin to blend into Tink. We’re also lucky to be welcoming 54 of the brightest and best new teammates from Eurobits, bringing the Tink total to 365.
There’s a lot of good work to be done, as the possibilities open banking is creating continue to expand, and we begin a new phase of the Tink journey together with our customers.
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Contact our team to learn more about what we can help you build - or create an account to get started right away.
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