Fresh from securing EUR90 million in funding, Tink has sealed a deal with BNP Paribas to become the bank's preferred partner for account aggregation, payment initiation and personal finance management technologies.
The agreement will see BNP Paribas' Italian network Banca Nazionale del Lavoro (BNL) implement Tink's PFM tool, an extension of the bank's existing arrangement in Belgium at BNP Paribas Fortis.
The partnership is supported by a minority investment in Tink, made by Opera Tech Ventures — BNP Paribas’ venture capital arm.
Daniel Kjellén, co-founder and CEO of Tink, says: “We are beyond excited to become the preferred technology provider of account aggregation, payment initiation and personal finance management technologies to one of the largest retail bank groups in Europe, that serves almost 18 million customers in the region. We look forward to supporting BNP Paribas on an European level.”