PayPal has become a strategic investor in Swedish open - banking platform solutions . The latter recently raised € 56 m ( $ 63 m ) in funding . When it launched in 2013 , Tink positioned itself as a consumer - facing app offering customers bank account ##ability services . The firm now offers its underlying technology to financial professionals wishing to take advantage of open - banking rules . It 's been mooted that PayPal will leverage Tink 's technology to give its customers an easier and more secure on - boarding experience .
PayPal has become a strategic investor in Swedish open-banking platform Tink. The latter recently raised €56m ($63m) in funding. When it launched in 2013, Tink positioned itself as a consumer-facing app offering customers bank account aggregation services. The firm now offers its underlying technology to financial institutions wishing to take advantage of open-banking rules. It's been mooted that PayPal could leverage Tink's technology to give its customers an easier and more secure on-boarding experience.