White & Case LLP advised Tink on the deal.
Tink, a leading open banking platform provider, executed its acquisition of OpenWrks’ aggregation platform.
Tink enables banks, fintechs and startups to develop data-driven financial services. Through one application programming interface (API), Tink allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools. Tink connects to more than 2,500 banks that reach over 250 million bank customers across Europe.
OpenWrks is a leading UK provider of open banking applications. Its aggregation platform handles more than a third of the UK’s active user base for account aggregation.
The acquisition fits Tink’s strategy of continuing to invest in intelligent data services built on open banking technology.
The White & Case team which advised Tink on the OpenWrks transactions was led by partners Henrik Wireklint (Picture) and Martin Järvengren (both Stockholm) and included partners Hyder Jumabhoy, Jonathan Rogers and Lindsey Canning (all London), with support from associates Marcus Halling, Elin Brännström and Johanna Wagner (all Stockholm).
Involved fees earner: Elin Brännström – White & Case; Lindsey Canning – White & Case; Marcus Halling – White & Case; Martin Järvengren – White & Case; Hyder Jumabhoy – White & Case; Jonathan Rogers – White & Case; Johanna Wagner – White & Case; Henrik Wireklint – White & Case;
Law Firms: White & Case;