Volt vs Tink vs Finexer : Detailed Comparison for 2025

The information about Volt & Tink in this blog was sourced from publicly available materials on 21st Jan 2025. Please note that details may be subject to change.

Choosing the right Open Banking provider can feel overwhelming, especially with names like Volt, Tink, and Finexer dominating the conversation. Each offers unique solutions that cater to specific business needs, from real-time payments to enriched financial insights. But which one truly aligns with your goals?

This guide dives into the features, strengths, and limitations of Volt, Tink, and Finexer, giving you a clear comparison to make the best choice for your business. Whether you’re focused on advanced payment capabilities or leveraging detailed financial data, we’ll help you uncover the platform that fits your needs.

Here We will discuss in detail about:

Quick Comparison Table

Feature	Volt	Tink	Finexer
Founded	2019, London, UK	2012, Stockholm, Sweden	2019, London, UK
Primary Focus	Real-time payments	Financial data services and payments	Payments and financial data services
Coverage	29 European countries, expanding into Brazil and Australia	Over 6,000 banks across 18 European countries	99% of UK banks
Payment Features	Real-time account-to-account payments	Instant payments, bulk payments, and VRPs	Instant payments, bulk payouts, and VRPs
Data Services	Basic account verification (Volt Verify)	Comprehensive account data, transaction history, income verification, and data enrichment	Transaction data, balance checks, and account authentication
Integration	Strong with e-commerce platforms (e.g., Shopify, Magento)	Widely integrated with European banking systems	White-label API for custom integration
Security & Compliance	Anti-fraud tools (Volt Circuit Breaker), PSD2 compliance	End-to-end encryption, PSD2 compliance	PSD2 compliance, AES-256 encryption
Pricing Model	Not publicly disclosed, requires consultation	Not publicly disclosed, requires consultation	Transparent, startup-friendly, consumption-based pricing
Ideal for	E-commerce businesses needing fast payments across Europe	Businesses needing extensive data insights and flexible payment capabilities	Startups and SMBs in the UK seeking affordable and scalable solutions

1.Company Backgrounds

Volt

Volt, launched in 2019 in London, has rapidly grown in the Open Banking market by focusing on real-time account-to-account payments. Operating in 29 European countries, Volt is particularly suitable for e-commerce businesses, thanks to its integrations with platforms like Shopify and Magento. However, it lacks some advanced features, such as bulk payments and Variable Recurring Payments (VRPs), which could be a limitation for businesses with specific needs.

Tink

Founded in 2012 in Stockholm, Sweden, Tink provides businesses with a range of financial data services and payment tools. Acquired by Visa in 2022, Tink connects with over 6,000 banks across Europe and focuses on supporting businesses with robust data access and payment capabilities.

📚 Learn more about Tink Pricing

Finexer

Founded in 2019 and based in London, UK, Finexer caters to businesses of all sizes with its focus on payments and financial data. Covering 99% of UK banks, Finexer supports real-time transactions, bulk payments, and white-label APIs, making it a practical choice for businesses and Startups seeking flexibility and cost-efficiency.

2.Payment Capabilities

When evaluating an Open Banking provider, payment capabilities often take center stage. Businesses require platforms that offer fast, reliable, and adaptable payment solutions. Let’s explore how Volt, Tink, and Finexer compare in this crucial area.

Volt

Volt excels in offering real-time account-to-account payments, making it a strong choice for businesses with operations in Europe. With coverage in 29 countries, Volt enables fast cross-border transactions, reducing reliance on traditional payment methods.

While its real-time capabilities are notable, Volt has some limitations:

• No support for bulk payments: Businesses handling high volumes of transactions may find this restrictive.
• Absence of Variable Recurring Payments (VRPs): This feature, valuable for subscription models or automated payments, is not currently part of Volt’s offering.

Volt integrates well with e-commerce platforms like Shopify and Magento, making it a solid option for online businesses focused on fast and secure payments.

📚 Learn more about Volt Pricing

Tink

Tink provides a broader range of payment features, including instant payments, bulk payments, and VRPs. This makes it a versatile solution for businesses handling diverse payment scenarios, from one-off transactions to recurring billing cycles.

With its connections to over 6,000 banks across Europe, Tink ensures reliable access to payment networks. This wide reach, combined with its payment versatility, positions Tink as a robust solution for businesses needing flexibility in their payment processes.

Finexer

Finexer offers a powerful and cost-effective set of payment features, making it an excellent choice for businesses operating within the UK. Its key offerings include:

• Instant Account-to-Account Payments: Enables businesses to request pay-by-bank transactions in real time, improving cash flow and reducing delays.
• Payouts: Supports instant refunds and withdrawals, ensuring quick resolution of payment processes.
• Bulk Payouts: Allows businesses to process multiple payments in one click, making it ideal for handling payouts to suppliers, contractors, or partners efficiently.
• Support for Variable Recurring Payments (VRPs): A valuable feature for businesses relying on subscription models or automated payment workflows.

Finexer’s system is designed with affordability in mind, offering savings of up to 90% on transaction costs by eliminating traditional card fees. This makes it particularly practical for businesses seeking to optimise payment processes without compromising on functionality.

3.Data Services and Insights

A robust Open Banking provider isn’t just about payments—it’s also about the financial data businesses can access and how they can use it to drive smarter decisions. Volt, Tink, and Finexer offer varying levels of data services, each catering to different needs.

Volt

Volt’s data services focus on basic account verification with its Volt Verify feature. This tool helps businesses confirm account ownership, ensuring secure and authorised transactions. However, Volt lacks deeper financial data capabilities, such as:

• Transaction data access.
• Income verification.
• Data enrichment features that provide actionable insights.

This makes Volt a more limited option for businesses requiring advanced financial data for decision-making or customer personalisation.

Tink

Tink shines in the area of financial data services, offering:

• Comprehensive account and transaction data: Businesses can access real-time balance updates, transaction histories, and account details.
• Income verification: Useful for businesses assessing creditworthiness or creating tailored financial products.
• Data enrichment tools: These tools categorise and analyse data, enabling businesses to identify spending patterns and provide personalised recommendations.

With its extensive bank connections across Europe, Tink positions itself as a powerful option for businesses that need detailed financial insights alongside payment capabilities.

Finexer

Finexer provides a comprehensive suite of data services tailored for businesses of all sizes, combining affordability with practical functionality. Its key offerings include:

• Transactional Data: Real-time access to detailed bank transaction data, enabling businesses to track and analyse financial activities effectively.
• Balance Check: Provides income, expense, and balance data, helping businesses maintain a clear financial overview and support informed decision-making.
• Account Authentication: Offers account details, including sort code, IBAN, and BIC, ensuring secure and accurate customer verification processes.

With its focus on delivering real-time data through its white-label API, Finexer allows seamless integration into existing systems. Although it primarily serves the UK market, Finexer’s cost-effective and reliable data solutions make it an excellent choice for businesses looking to optimise their financial operations.

4.Coverage

Coverage is a critical factor when evaluating Open Banking providers, as it impacts the scalability and reach of payment and financial data services.

Volt:

Volt offers payment services across 29 European countries, making it an attractive choice for businesses with operations in multiple regions. Its recent expansions into Brazil and Australia also highlight its potential for broader global reach. However, its focus on payments limits its appeal for businesses needing advanced data services.

Tink:

Tink connects to over 6,000 banks across 18 European countries, offering businesses comprehensive access to payment networks and financial data. Its extensive European presence makes it a reliable partner for businesses prioritising cross-border functionality.

Finexer:

Finexer focuses primarily on the UK market, connecting to 99% of UK banks. While its geographic scope is limited to the UK, this deep integration makes it an ideal choice for businesses targeting the UK market with high reliability and accessibility.

5.Security and Compliance

Security and compliance remain paramount in Open Banking, ensuring user data is protected and regulatory standards are met.

• Volt: Volt employs advanced anti-fraud systems like Volt Circuit Breaker and adheres to PSD2 regulations, ensuring secure and compliant operations.
• Tink: Tink ensures data safety with end-to-end encryption and continuous monitoring. It complies with PSD2 and other regulatory frameworks, providing businesses with a trustworthy infrastructure.
• Finexer: Finexer prioritises security with AES-256 encryption and full compliance with FCA regulations. It simplifies compliance for businesses, ensuring they can focus on growth without worrying about regulatory challenges.

Finexer’s Focus on Startups and SMBs

Finexer is purpose-built for startups and small to medium-sized businesses (SMBs), offering tailored features and pricing that address the unique challenges faced by these segments:

• Scalable Infrastructure: Finexer’s system effortlessly grows with businesses, handling anywhere from 100 to 100,000 transactions without additional technical investment.
• Accessible Pricing: Transparent, consumption-based pricing starts at startup-friendly rates, allowing businesses to scale without heavy commitments.
• Quick Integration: With a connection to 99% of UK banks and a deployment time 2-3x faster than competitors, Finexer enables SMBs to enter the market quickly and compete with larger players.
• Simplified Platform: Its single-app simplicity and API-first approach ensure even businesses with limited technical resources can access enterprise-grade capabilities.

Winding Up

Choosing between Volt, Tink, and Finexer depends on your business’s priorities:

• Volt is a strong option for businesses with extensive European operations, especially in e-commerce, where fast and secure payments are essential.
• Tink offers a blend of payment and financial data services, making it ideal for businesses needing cross-border access and deep insights.
• Finexer stands out as the best choice for startups and SMBs in the UK, offering affordable, scalable, and practical solutions tailored to their needs.

Each provider brings unique strengths to the table. Assess your business’s specific requirements to identify the platform that aligns best with your goals.