Technology provider to enable banks to become data-driven and capture the opportunities of open banking.
Eurobits Technologies
Instantor
OpenWrks
Visa will pay total financial consideration of 1.8 billion Euros, inclusive of cash and retention incentives, to acquire Tink.
Through one API, Tink allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools.
Through the acquisition, Tink will enhance its open banking platform by increasing its bank connectivity in the UK.
Founded in 2004, Eurobits serves some of the largest fintechs and financial institutions across Europe, providing connectivity to bank account information for banks, fintechs and payment providers.
Founded in 2012, Tink is in the space of Plaid which was acquired by Visa last week for $5.3b.
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