Banking duo Tink and Chip join forces for an open banking collaboration
In a strategic move to strengthen its open banking capabilities, London-based fintech app Chip has partnered with Tink, one of Europe's largest open banking platforms. This partnership, forged in July 2025 under Visa's umbrella, is set to reshape the personal finance ecosystem by integrating Visa-backed open banking solutions.
The acquisition of Tink by Visa in 2021 was a key step towards expanding open banking capabilities globally. This acquisition paved the way for partnerships such as the one with Chip, enabling fintech services to be enhanced by integrating Visa's open banking solutions.
Chip customers can now benefit from Tink's Pay by Bank solution, allowing them to launch payments directly from their banking apps. This feature reduces manual entry and wait times for funds to clear, offering a more seamless and efficient user experience. The partnership also provides Chip users with real-time account insights, enhancing savings and investment visibility.
Tink, founded in 2012 and headquartered in Stockholm, Sweden, boasts 13,000 connections to financial institutions and was acquired by Visa for approximately €1.7 billion in 2021. Tink's open banking solutions are available in 20 markets around the world.
Chip, with 327,000 customers and £5.2 billion in assets under administration, offers a free plan for investing with a platform fee of 0.25%. The fintech app also provides an automatic savings and investing "wealth app."
Co-Founder of Chip, Alex Latham, expressed his enthusiasm about the partnership and mentioned upcoming exciting updates. Tink most recently demonstrated at the Europe 2019 platform, where it won Best of Show in 2014 and 2017.
This partnership showcases how open banking APIs are powering smarter saving tools and reshaping the personal finance ecosystem. By leveraging Tink's technology, Chip is able to improve its financial management services, offering a more seamless banking data integration that benefits from Visa's global network and Tink's open banking infrastructure.
This partnership is a significant step in Chip's growth journey, which has been significant in recent years. Tink is pleased to be a part of Chip's success story, and the partnership is expected to provide Chip users with more seamless banking data integration and a wider range of financial services.
Through this strategic collaboration, Chip's open banking finance capabilities have been amplified by integrating Tink's technology, which enriches personal-finance solutions and enhances the user experience. This partnership exemplifies how open banking technology is transforming the personal finance ecosystem, enabling Chip to leverage Tink's infrastructure and Visa's global network for more seamless banking data integration and diversified financial services.
