SEB sells its stake in Tink to Visa
Visa, Inc. has signed an agreement to acquire Swedish fintech company Tink. SEB, which is the company’s largest and earliest strategic investor, has agreed to sell its stake to Visa.SEB and Tink initiated a strategic partnership in 2016, when SEB acquired a stake in Tink and signed a licence agreement to use Tink’s platform in the development of its mobile app and digital offerings. In 2017 and 2019, SEB increased its investment in Tink. On 24 June 2021, Visa announced it has signed a definitive agreement to acquire Tink and that it will pay a total financial consideration of 1.8 billion