Are you looking for an open banking service for your startup? Open banking is the future, and it is here. In our internet-driven world today, businesses have found it easier to offer their services on a global scale. While companies were limited to whatever customers they could find locally in the past, the internet's influence on businesses today comes with many advantages. People from other parts of the world can look up a business's service, and if it suits them, pay for it.
This opportunity comes with a problem: money processing. If you've ever had to deal with a situation where paying for service outside your country felt like taking an academic exam, you've encountered this problem. Open banking makes this problem goes away. It allows your bank data to be accessible by third-party services that can build services that make problems like that go away.
Do you need an open banking service provider to help you with financial data vital to your business' growth? Well, there are a number of options to choose from, one of which is Tink. Before doing business with Tink though, you might want to read reviews and feedbacks from other customers to find out what they are saying about this brand. You can read feedbacks from real customers of Tink here.
Tink is an open banking service provider. They allow businesses to help their customers pay for services directly from their accounts without dealing with their bank. Tink was founded in 2012 in Stockholm, by Daniel Kjellén and Fredrik Hedberg. The company employs over 200 people to provide financial data via a single API.
It has integrated over 3000 banks and help bank customers reach of over 250 million people across Europe. Tink processes over 10 billion transactions annually – evidence of its growing popularity and heavy use. At the moment of writing, Tink is not a publically traded company. The company is reported as having 15 investors and a total funding amount of $308.5M.
Tink has made some acquisitions. It acquired Instantor, a Swedish FinTech whose business was in credit risk management, in July 2020 for an undisclosed price. It also acquired Eurobits Technologies, a PSD2 and financial aggregation service provider in Europe, for 15.5 million Euros.
Services of Tink
Tink offers accountintegration services. With single API integration, businesses will access their customer's available and personal financial data. This opens up the opportunity to deliver personalized experiences to customers.
Account checking is available on Tink. Businesses offering paid services often need to verify an account's ownership before getting a customer on-board. Tink provides an API service that gives companies access to this functionality.
An important service Tink offers is its payment initiation service. Instead of paying for services using credit or debit cards, Tink makes charging a fee directly from a customer's account feasible. Personal finance management and data enrichment are other services provided by Tink. Both services promise to give businesses a new way to visualize customer transaction data.
Compliments, Complaints, and Tips for Tink
If you have any experience with the Tink platform, it would be helpful to leave a customer review. It would go a long way in helping prospective customers to find out all they need to know about this brand and aid them in making informed decisions while dealing with them.