{"id":44906,"date":"2021-06-24T12:07:03","date_gmt":"2021-06-24T09:07:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44906"},"modified":"2025-08-31T19:11:31","modified_gmt":"2025-08-31T16:11:31","slug":"visa-to-acquire-fintech-platform-tink-for-e1-8-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/visa-to-acquire-fintech-platform-tink-for-e1-8-billion\/","title":{"rendered":"Visa to acquire fintech platform Tink for \u20ac1.8 billion"},"content":{"rendered":"<p>The payments system Visa has agreed to acquire the Swedish startup Tink for \u20ac1.8 billion (~$2.15 billion), the provider of the open-banking platform of the same name.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We are thrilled to announce Visa is acquiring Tink. This is the beginning of a new chapter for open banking. We couldn\u2019t be more excited about what this means for our employees, our customers and the future of finance: <a href=\\\"https:\/\/t.co\/X01ZxS9fwx\\\">https:\/\/t.co\/X01ZxS9fwx<\/a> <a href=\\\"https:\/\/t.co\/iu9PkrW0FA\\\">pic.twitter.com\/iu9PkrW0FA<\/a><\/p>\n<p>\u2014 Tink (@tink) <a href=\\\"https:\/\/twitter.com\/tink\/status\/1407955951584428034?ref_src=twsrc%5Etfw\\\">June 24, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The deal is subject to regulatory approval. Visa will pay in cash.<\/p>\n<p>According to the <a href=\\\"https:\/\/www.businesswire.com\/news\/home\/20210623006027\/en\/Visa-To-Acquire-European-Open-Banking-Platform-Tink\\\">press release<\/a>, Tink will keep its brand and current management team. The company&#8217;s headquarters will remain in Stockholm.<\/p>\n<p>Tink enables financial institutions, fintech startups and merchants to create bespoke tools, products and services for managing money for individuals and businesses, based on the latest financial data. The Tink service has integrated with 3,400 banks and financial institutions.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\u201cAfter combining Tink&#8217;s open banking capabilities with Visa&#8217;s network, consumers will gain tools that simplify and secure their personal finances,\u201d<\/em> said Visa&#8217;s CEO, Alfred Kelly.<\/p>\n<\/blockquote>\n<p>The startup&#8217;s business model is based on the revised EU Payment Services Directive (PSD2) from January 2018. The law obliges banks to provide licensed financial-service providers access to the customer data they hold, in order to promote competition and innovation in financial services.<\/p>\n<p>The announcement followed the <a href=\"https:\/\/u1f987.com\/en\/news\/visa-abandons-plaid-acquisition-after-doj-lawsuit\">refusal<\/a> by the payments giant to acquire fintech startup Plaid due to the <a href=\"https:\/\/u1f987.com\/en\/news\/us-justice-department-flags-risks-in-visas-planned-acquisition-of-plaid\">Department of Justice<\/a> position.<\/p>\n<p>In January, Kelly unveiled <a href=\"https:\/\/u1f987.com\/en\/news\/visa-chief-outlines-cryptocurrency-strategy\">Visa&#8217;s cryptocurrency strategy<\/a>.<\/p>\n<p> Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Visa has agreed to acquire the Swedish open-banking platform Tink for \u20ac1.8 billion (~$2.15 billion).<\/p>\n","protected":false},"author":1,"featured_media":44907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1198,157],"class_list":["post-44906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-crypto-payments","tag-visa"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44906"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44906\/revisions"}],"predecessor-version":[{"id":44908,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44906\/revisions\/44908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44907"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}