The partnership will see Dyme use Tink’s account aggregation technology in the UK and Germany, to connect people’s bank accounts within the app.
This enables Dyme to calculate which subscriptions or recurring costs users have, such as energy, mobile, insurance, or streaming services. Users can then decide whether they want to save money by letting Dyme re-negotiate or switch their service to a better deal, or cancel their subscription in one click. People in the Netherlands have 14 subscriptions on average according to Dyme, who has already saved its Dutch users €3 million collectively.
Joran Iedema, founder of Dyme, said: “Many people have a blind spot when it comes to knowing exactly where their money goes every month, due to such rapid growth in the subscription economy. We want to change that by doing the tedious financial tasks that people don't want to do themselves. Our partnership with Tink allows us to take what we have built successfully in the Netherlands, and seamlessly roll it out in the UK and Germany, in a timeframe that would have been impossible otherwise. This is the first step in our expansion across Europe, with more markets to follow.”
Jerome Albus, regional director France & Benelux at Tink, added: “Subscriptions and recurring costs take up what seems like an ever increasing part of people’s expenditure. Dyme has proven the service it offers to its users is valued, and we look forward to helping them take this to many more people across Europe.”
Mattias Lindquist, PR & Communications Director, email@example.com, +46 720 922 342
Joran Iedema, Founder of Dyme, firstname.lastname@example.org, +31 649 662 358
Dyme helps consumers aggregate all of their financial accounts in one app, and gives them an instant overview of their subscriptions and recurring costs. Besides offering financial insights, Dyme enables users to cancel, negotiate or switch any contract with a single click. Dyme was founded in 2018 and currently helps 200,000 consumers manage their finances in The Netherlands, The United Kingdom and Germany.
Tink is Europe’s leading open banking platform that enables banks, fintechs and startups to develop data-driven financial services. Through one API, Tink allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools. Tink connects to more than 3,400 banks that reach over 250 million bank customers across Europe. Founded in 2012 in Stockholm, Tink’s 365 employees serve 14 European markets out of 13 offices.