SAN FRANCISCO—Visa reported it has agreed to a $2.2-billion takeover of the European open banking platform Tink, months after it scrapped a planned acquisition of the startup's U.S. rival Plaid.
Founded in 2012, Sweden-based Tink enables banks and other financial firms to share and access consumer financial data more easily. It is used by more than 3,400 banks and other institutions, as well as over 250 million customers in Europe.
Visa terminated a planned $5.3-billion deal with U.S. data-sharing platform Plaid in January, following a U.S. government lawsuit aimed at blocking the deal on antitrust grounds, The Hindu noted.