Visa / Tink 2022
Visa acquired Tink for $2.1B on June 24, 2021.
- Target
- Tink
- Acquirer
- Visa
- Deal value
- $2.1B
- Deal type
- Cash
- Announced
- June 24, 2021
- Sub-sector
- Regtech
Transaction overview
- Visa announced the acquisition of Tink on June 24, 2021 and closed the deal on March 10, 2022.
- Visa paid approximately $2.15 billion for Tink in a cash transaction.
- Tink is an open banking platform connecting to more than 3,400 banks across Europe.
- Tink's network reaches over 250 million bank customers in 18 European markets.
- At close, Tink had roughly 500 employees and served more than 300 banks and fintechs.
- Tink was founded in 2012 in Stockholm and operates offices in 13 countries.
- Tink will operate as a standalone Visa subsidiary; CEO Daniel Kjellén remains in place.
- Visa cited Tink's APIs and customer relationships as the basis for accelerating open banking adoption.
Strategic rationale
Visa buys Stockholm-based open-banking platform after its Plaid acquisition was blocked by US DoJ, building European open-finance infrastructure.
Deal terms & multiples
Frequently asked questions
How much did Visa pay for Tink?
Visa acquired Tink for $2.1B, announced on June 24, 2021.
When did Visa announce the acquisition of Tink?
Visa announced the acquisition of Tink on June 24, 2021.
What sub-sector is Tink in?
Tink is tracked in the Regtech sub-sector.
Where is Tink headquartered?
Tink is headquartered in Sweden.
Sources
- techcrunch.com /2021/06/24/visa-to-acquire-open-banking-platform-tink-for-more-than-2-billion/