What is Token?
Token operates as a critical middleware provider, facilitating seamless open banking connectivity. By enabling PSD2 compliance for financial institutions and providing streamlined access to bank data and payment initiation services for payment service providers and developers, the company serves as a foundational layer in the fintech ecosystem. As a licensed AISP and PISP, Token is uniquely positioned to capitalize on the global shift toward open finance, offering a secure and scalable architecture that simplifies complex regulatory and technical requirements for its enterprise clients.
How much funding has Token raised?
Token has raised a total of $87.5M across 5 funding rounds:
Series A
$15.7M
Private Equity
$16.5M
Debt
$350K
Series B
$15M
Other Financing Round
$40M
Series A (2017): $15.7M with participation from EQT Ventures, Plug and Play, OP Financial Group, Octopus Ventures, and Digital Currency Group
Private Equity (2019): $16.5M led by Octopus Ventures, EQT Ventures, Opera Tech Ventures, and BNP Paribas
Debt (2020): $350K supported by PPP
Series B (2021): $15M featuring Opera Tech Ventures, Octopus Ventures, EQT, SBI Investment Co. Ltd., and Sony Innovation Fund
Other Financing Round (2022): $40M backed by SBI Holdings, Element Ventures, Octopus Ventures, Opera Tech Ventures, MissionOG, TempoCap, Cota Capital, and PostFinance
Key Investors in Token
Octopus Ventures
A founder-focused venture capital firm that backs mission-driven companies across software, climate, health, and financial technology, providing long-term capital and strategic guidance.
EQT Ventures
A multi-stage venture capital firm that leverages deep operational expertise and a global network to support high-growth technology companies in scaling their operations.
SBI Investment Co. Ltd.
A diversified financial services firm based in Tokyo that focuses on digital innovation, blockchain technology, and strategic investments in the global fintech and healthcare sectors.
What's next for Token?
Following its recent strategic financing, Token is well-positioned to accelerate its product roadmap and expand its footprint in the competitive open banking landscape. The company is expected to leverage this capital to enhance its payment initiation capabilities and deepen its integration with global banking partners. By focusing on high-growth B2B segments and driving the digitization of financial services, Token aims to maintain its trajectory as a key enabler of the next generation of financial applications, ensuring it remains at the forefront of the industry's ongoing transformation.
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