ABN AMRO Digital Impact Fund increases investment in Tink

Press release -

ABN AMRO’s Digital Impact Fund has increased its investment in Tink, following its first investment in this Swedish FinTech in May 2016 and a second investment in October 2017.

Tink and ABN AMRO worked together to develop Grip, a personal finance app launched in December 2015. Today, Grip is the number 1 personal finance app in The Netherlands, with more than 500.000 registered clients. 

ABN AMRO is satisfied about the collaboration and aims to expand the strategic partnership with Tink in multiple ways in the near future. Tink is also well positioned to take full advantage of PSD2 across Europe.

"The fact that Insight Venture Partners is now leading this investment round, strengthens our conviction that our strategic partnership with Tink was a sensible move right from the start”, says Hugo Bongers, Director of ABN AMRO Digital Impact Fund. ,,As the ABN AMRO corporate venture fund, we can continue to support rapidly growing companies by delivering knowledge and capital, whilst also keep supporting them as they transition from start-up to scale-up."

ABN AMRO’s additional investment in Tink is pro-rata, so the banks stake vis á vis other stakeholders remains the same.

The ABN AMRO Digital Impact Fund is a corporate venture capital fund through which ABN AMRO invests in innovative start-ups engaged in digitalising financial products and services. The fund’s capital amounts to EUR 50 million and it has interests in Tink, BehavioSec, solarisBank, Ockto and Crosslend and previously invested in Cloud Lending Solutions (exit in 2018).

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