We advised Visa, the payment technology company, has acquired the open banking platform Tink for €1.8 billion
Visa, the payment technology company, has acquired the open banking platform Tink for €1.8 billion. A Cuatrecasas team, led by its partner Diana Rivera and which included Jorge Canta, Andrew Ward, Alejandro Negro, Jorge Aranaz, Natalia Tallada, Raúl Pérez, Lucas Peiro de la Rocha, Leticia Prado and Ignacio Hernández Pardo has advised Tink on the Spanish matters of the deal. The transaction is subject to regulatory approvals and other customary closing conditions.
Tink is a leading open banking platform in Europe, that enables European banks, fintechs and start-ups to develop data-driven financial services. After the acquisition, the open banking platform will retain its brand and current management team. The combination of Visa’s infrastructure and investment in resilience, cybersecurity and fraud prevention, with Tink’s APIs, technology and customer relationships is expected to help accelerate the adoption of open banking in Europe by ensuring a secure, reliable platform for innovation.