Tink Aims to be the Rails and Brains of Open Banking

Sweden’s fintech scene has come a long way in recent years and has proved to be one of Europe’s best fintech markets; Klarna and iZettle have both reached unicorn status and open banking fintech Tink could be next on that path; Tink’s platform allows banks across Europe to offer their customers a better mobile experience; Daniel Kjellén, Tink’s chief executive, tells #fintechFT that the company he co-founded in 2012 is aiming to be the “rails and brains” of open banking; rails is the process of connecting bank accounts from various banks into one platform so a consumer can see their full financial picture; brains is allowing customers to extract as much information out of the data as possible; Covid has helped the firm to accelerate new sales with Q2 being their best quarter ever; Mr Kjellén tells the FT: “This opportunity is global. Eventually you will need to invest $1bn. I’d love to invest heavily in other parts of the world. There is an opportunity to raise more money to accelerate growth.” Financial Times.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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