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Tink Germany

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FinTecSystems GmbH

Banking Software and API

About Tink Germany

FinTecSystems (FTS) was founded in Munich in 2014 and is one of the leading banking API and smart data providers in Germany. Alongside the Open Banking platform that the company uses to provide Account Information and Payment Initiation Services, FinTecSystems has primarily focussed on the analysis of financial data through an analytics platform. Banks, FinTechs and payment service providers use its solutions to make real-time loan decisions, minimize credit risks and initiate online transfers. In March 2019, TÜV-certified FinTecSystems received BaFin authorization as an Account Information and Payment Initiation Service Provider. With 40 staff across five locations, FTS partners include N26, Santander, DKB and Deutsche Handelsbank.

Sold to Tink in May 2021 for about 120 Mill. €. New name: Tink Germany

Funding

€5m

Total raised

€30m

Valuation

RoundYearAmount
Latest round 2020 €500k
Round −1 2017 €4.5m

Financials (€m)

YearRevenueEBIT
2018 €1.5m €-1.8m
2019 €3.1m €-1m
2020 €5.5m €-100k
2021 €16.7m €100k