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June 04 - 13:06
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PayPal invests $11.25 million in banking start-up Tink
PayPal has invested $11.25 million in the Swedish banking start-up Tink. The online banking giant is to use Tink’s technology to allow customers to connect their bank accounts to their PayPal accounts, the companies said. A number of finance and investment leaders have invested in Tink since it was established in 2013, including Venture Partners, Sunstone, SEB, Nordea Ventures and ABN AMRO.
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