“Can open banking rails, embedded inside Visa's global distribution, become a genuine alternative to card payments across Europe?”
Tink was founded in 2012 as a Swedish consumer personal finance app, then pivoted to become Europe's leading open banking platform, offering AIS/PIS APIs across 19 European markets under its own PSD2 licenses. Acquired by Visa in 2022 for ~$1.87B, Tink is now positioned as Visa's open banking infrastructure arm in Europe, spanning account-to-account payments (Pay by Bank, VRP, payouts), data enrichment, and risk/lending signals.
Tink discloses Modulr FS Limited, Modulr Finance B.V., The Currency Cloud Limited and Modulr as its banking providers, according to the Embedded Finance Index 2026.
Tink does not disclose a bank charter of its own; its banking services are provided through Modulr FS Limited, Modulr Finance B.V., The Currency Cloud Limited and Modulr.
Tink processes payments through Tink Pay by Bank (self-operated) and Adyen.
Tink connects to bank accounts through Tink (self-operated) and Tink.
Tink uses The Currency Cloud Limited and Currencycloud for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 6 layers in Tink's stack: Payments / PSP (Tink Pay by Bank (self-operated) and Adyen); Banking / BaaS (Modulr FS Limited, Modulr Finance B.V., The Currency Cloud Limited and Modulr); Lending (Loans (data product — access to user liability data)); Open banking (Tink (self-operated) and Tink); FX & payouts (The Currency Cloud Limited and Currencycloud); Transaction enrichment (Tink Data Enrichment (self-operated)).
Tink is founded in 2012 and headquartered in Stockholm, Sweden.
Get a read on where your own stack stands against Tink and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.