Tink acquires German open banking technology provider FinTecSystems

Daniel Kjellen

Daniel Kjellen

Open banking platform Tink continues its expansion across Europe with the acquisition of FinTecSystems – a German open banking infrastructure fintech, powering over 150 banks and fintechs in Germany, Austria and Switzerland.

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FinTecSystems specialises in data analytics, digital account checks, account aggregation and open banking payments, with customers including N26, DKB, Santander, Solarisbank and Check24.

FinTecSystems was founded in 2014, with 67 employees operating out of four offices in Germany. Following the acquisition, FinTecSystems will continue to serve new and existing customers in the DACH region, as part of Tink.

Stefan Krautkrämer, co-founder and Managing Director of FinTecSystems said: “We are proud to have built the leading open banking platform in DACH, serving some of the biggest and most innovative financial institutions and fintechs in the region. Now we are equally proud that FinTecSystems will become part of Europe’s leading open banking platform. By joining forces with Tink, there is a unique opportunity to further strengthen FinTecSystems’ position as the open banking leader in the region, and better support our clients to expand across Europe.”

Daniel Kjellén, co-founder and CEO, Tink, added: “Germany is a key market for Tink, and we are excited to have acquired an innovative leader with a strong reputation for the quality of its bank connectivity and payments services. We have followed FinTecSystems for many years and are impressed by what they have achieved. Through this acquisition, we are taking a big step into the DACH region, and we look forward to supporting the FinTecSystems’ team to further accelerate their growth.”

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