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Tink Acquires German FinTecSystems Bolstering European Expansion

The open banking platform Tink continues its European expansion with the acquisition of FinTecSystems – the German open banking infrastructure fintech responsible for powering over 150 banks and fintechs throughout Germany, Austria, and Switzerland.

The acquisition will strengthen FinTecSystems’ already significant market position, with Tink further fuelling the company’s high growth and open banking capabilities in the DACH region.

FinTecSystems specialises in data analytics, digital account checks, account aggregation, and open banking payments, with customers including N26, DKB, Santander, Solarisbank, and Check24. With connectivity to more than 99% of banks in the DACH region, alongside value-added data services, FinTecSystems delivers account information in a way that enables companies to make better, data-driven, and automated decisions – with three in every four online credit decisions in Germany involving FinTecSystems.

The German open banking platform has unrivaled local customer knowledge in payments, e-commerce, banking, and lending – with risk decisioning and open banking payments at the core of FinTecSystems’ services. The combination of Tink and FinTecSystems will offer both local and international customers in the region the most complete solution when partnering for open banking technology.

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.

“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,” comments Stefan Krautkrämer, co-founder and Managing Director of FinTecSystems. “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
Daniel Kjellén, co-founder and CEO, Tink

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.”

Tink’s technology and connectivity already power some of the world’s forefront banks and fintechs, including PayPal, NatWest, ABN AMRO, BNP Paribas, and American Express. This acquisition builds on the €175 million investment Tink secured through two funding rounds in 2020, and complements Tink’s organic growth strategy to enhance its platform, increase connectivity and expand its product offering across Europe.

In addition to this, the open banking platform has recently entered a channel partnership with the payments technology provider Tribe, enabling the provider to combine its issuer and acquirer services with the payment initiation and account information services provided by its partner. This similar move to that involving FinTecSystems will only further Tink’s highly accelerated European expansion.

In 2021, Tink has committed to adding 200 new recruits to the almost 400 employees it has today, to double Tink’s market presence for payments by expanding its payment initiation technology to 10 European countries.

Founded in 2012 and headquartered in Stockholm, Tink currently serves 18 markets out of 13 local offices, with the open banking platform now used by more than 10,000 developers.

The acquisition of FinTecSystems is conditional upon approval from the national competent authorities.


  • Tyler is a fintech journalist with specific interests in online banking and emerging AI technologies. He began his career writing with a plethora of national and international publications.

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