Visa to buy Swedish fintech start-up Tink for nearly £2bn
Visa announced its plans to buy Swedish fintech start-up Tink for $2.2bn in June 2021. Tink develops financial technology that allows for third-party applications to connect to customers from different financial institutions. Tink has partnered with 3,400 banks and financial institutions so far-reaching millions of users across Europe. Visa said they think the deal will encourage open banking and empower consumers.