Token.Io Raises $40M To Expand Open Banking-Based Account-To-Account Payments In Europe
Amount Raised
$40 Million
Round Type
Funding Round
LondonOtherInformation TechnologyCommerce and ShoppingProfessional ServicesFinancial ServicesSoftwarePaymentsFintechDescription
The rise of digital payments has changed the nature of how people do business with each other; and open banking — a movement in banking where incumbents are finally adopting newer technology such as APIs to open their systems to modern integrations — is leading to a wave of new payment methods, all of which are hoping to become as standard as cash or paying with cards. In the latest development on this theme, a UK startup called Token.io has closed $40 million in funding to expand its own particular push in payments tech — account to account payments and accessing accounts for transactions by way of a single API — deeper into the UK and across Europe.
Who else raised in Commerce and Shopping and Professional Services around the same time
Companies in the same sectors as Token.io that raised within 45 days of this round, from Fundz verified event records.
- Innoviti raised $9.6M (Funding Round) on May 26, 2022.
- Beeline Holdings raised an undisclosed amount (Corporate Round) on May 3, 2022.
- Shift4 Payments raised $624K (Seed) on June 15, 2022.
- Titan Casket raised $3.5M (Seed) on June 9, 2022.
- Branch raised an undisclosed amount (Series C) on June 8, 2022.
- Primer raised an undisclosed amount (Series B) on June 2, 2022.
Who to call at Token.io, and when
A new round usually means Token.io is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Token.io raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Token.io, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Token.io. With Fundz connected, it knows.
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Fundz sees it the moment Token.io raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Token.io raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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