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EQT Ventures led the fundraising, in which existing investors Augmentum Fintech and Fuel Ventures also participated.
Through the partnership Tink and Munich-based Novalnet AG will launch an Open Banking-enabled payments solution in the UK and Germany initially.
A new report by Mastercard has concluded that the digital infrastructure of Norway, Denmark, Sweden and the UK means they are well placed for Open Banking compared to the rest of Europe.
10x Future Technologies has raised $187 million in a Series C financing round co-led by funds managed by BlackRock and Canada Pension Plan Investment Board.
Assembly has been designed to help save lenders hours in manual underwriting and help them make faster lending decisions.
The new Open Banking-enabled feature will be available in Germany, France, Italy and Spain.
Change said that 50 private investors took part and that it will use the funding to expand into other markets in Europe and Asia.
Chirag Shah, CEO of Nucleus Commercial Finance, writes about the potential for Open Banking to change the way SMEs access finance.
A new study by Envestnet Yodlee found that 66% of financial services providers plan to launch Open Banking initiatives within the next 18 months, and phase out screen scraping.
It is the fourth Innovation Hub Centre opened in the past two years, with plans to launch centres elsewhere in Europe and in Canada.
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