Company Database - Token

Open Banking Payments Platform

As Europe’s leading Open Banking enabler, Token is driving the shift to faster, fairer, frictionless payments by helping payment providers successfully scale with A2A payment capabilities.With Token’s best-in-class AIS and PIS connectivity and white-label-ready platform, PSPs, gateways and acquirers easily launch, and manage Open Banking payment propositions.

Active since


Head office

15 Bishopsgate, London EC2N 3AR 

Country offices in

UK, Germany, US


Marten Nelson, Steve Kirsch, Todd Clyde

Funding round and investors

Token has completed three rounds of funding, for a total of USD 80 million from investors including Octopus Ventures, Cota Capital, TempoCap, EQT Ventures, SBI Investments, MissionOG, Opera Tech Ventures (BNP Paribas), and Sony Ventures.

Business revenue 2021

USD 5 million+

Year over year growth rate

Token’s volume growth rate is 300%.

Number of employees


Member of industry association and/or initiatives

Founding Member – Open Finance Association Europe
Member – Open Banking Europe
Member – Financial Data and Technology Association (FDATA)
Member – UK Finance
Member – Merchant Risk Council


Winner – Payments Tech of the Year 2022 (Fintech Awards London)
Winner – Payments Tech of the Year 2022 (UK Fintech Awards)
Winner – Hottest Fintech Startup 2021 (Europas)
Winner – Best Open Banking Solution 2020 (PayTech Awards)
Winner – Best Fintech Partnership Award 2019 (Banking Technology Awards)
Winner – Best Consumer Payments Award 2019 (PayTech Awards)
Winner – Fintech of the Year 2019 (FSTech Awards)
Winner – Best Payments Industry Newcomer 2019 (Card and Payment Awards)
Winner – Payments Startup of the Year 2019 (Payment Awards)

Contact /


What are the company’s core solutions

With best-in-class AIS and PIS connectivity, Token’s white-label-ready Open Banking payments platform is purpose-built to enable PSPs, gateways, and acquirers to easily launch and successfully manage account-to-account payment (A2A) propositions.

How it works

Token’s ‘platform for platforms’ includes sophisticated reseller-friendly features such as merchant management, customer billing, and programmable authorisations. Payment providers can plug and play, white-label, or use Token’s technology to build their own Open Banking payments propositions. Customers can also choose whether to use Token’s license or their own.

What problem does the company solve

Token is driving the shift from traditional payment methods like cards and wallets to faster, fairer, frictionless Open Banking payments. As merchant demand for this lower-cost payment method grows, Token enables PSPs, gateways, and acquirers to deliver while generating greater revenues and higher margins by launching white-labelled A2A payment propositions.

Types of supported APIs\API standard supported

Token provides access to banks across Europe in line with common Open Banking standards and through RESTful API. We currently support the UK Open Banking standard, STET (France), REDSYS (SPAIN), SIBS (Portugal), NextGenPSD2 (Germany, Nordics), CBI (Italy), and the Polish API Standard. 

Industries/target markets

Token’s customers include large payment providers, gateways, and acquirers in the UK and Europe. Token also works with banks, large merchants, and leading card schemes.

Geographical coverage (operational area)

The UK and Europe

Number of connected banks

Token currently connects to over 2,000 banks in Europe and is continuously expanding its network. Token’s connectivity for AIS and PIS reaches over 250 million potential end-users of Open Banking services, with over 75% coverage in 15 European countries. All through a single API and interface.

Account coverage (%) across countries / regions

97% of banks in the UK
95% of banks in Estonia
89% of banks in the Netherlands
89% of banks in Belgium
89% of banks in Lithuania
85% of banks in Latvia
85% of banks in Germany
84% of banks in Italy
82% of banks in France
81% of banks in Spain
80% of banks in Poland
79% of banks in Hungary
78% of banks in Ireland
77% of banks in Portugal
75% of banks in Austria

Number of total end users

Token processes tens of millions of Open Banking payments annually for over 80 customers and partners.


Native Cloud

Software language

Java (microservices based)

Software development tools

Java, RxJava, JavaScript, PHP, C#, React, MobX, Objective-C, Swift, gRPC, ExpressJS

When was the core technology developed



Technology partners



Pricing model

Please contact our sales team for more details. 

Future developments

Token is enabling its customers’ success in the new world of payments with the development of Variable Recurring Payment capabilities for both sweeping and nonsweeping (ecommerce) use cases, as well as other premium API functionality.


Key customers

Mastercard, BNP Paribas, HSBC, Vyne, Volt, Deutsche Payments, Trust Payments, Nuvei, Paysafe, Noda Pay, Contis, Ecommpay, Everpay, Banked, Inpay, Straal, Zoho Books, Sonae, EchoPay for Clover, Prommt, ShoppingOS, Rewire, and other major payment providers.