Swedish based digital banking startup Tink has raised $64mn at a $270mn valuation; the new capital was led by Insight...
Sweden’s fintech scene has come a long way in recent years and has proved to be one of Europe’s best...
The fintech industry is coming up on the tipping point of funding, revenue generation, and user acquisition to rival traditional finance with $20 billion in YTD fintech financing, the several SPACs, and Visa’s $2B Tink purchased. Defensive barriers have eroded.
Let’s take a moment to compare capital. While it is not the money that wins markets, it is the transformation function of that money into novel business assets that does. And while the large banks have a massive incumbent advantage with (1) installed customers and assets, and (2) financial regulatory integration (or capture, depending on your vantage point), there is a real question on whether a $1 generates more value inside of an existing bank, or outside of an existing bank — even when it is aimed at the same financial problem.
Tink raised €56 million in new funding in February and today it announced a further investment of €1o million from...
[Editor’s note: This is a guest post from Ryan Weeks, formerly with Dow Jones and AltFi, covering fintech. This is...
PayPal participated in Tink’s $90 million funding round which was announced back in January; to go along with the investment,...
No More Content