Dyme & Tink to Scale Subscription Services Across Europe
- Personal Finance
- 18.12.2020 10:17 am
Leading Dutch subscription app Dyme has partnered with Tink for open banking technology, to take its money saving service across Europe. Live in the Netherlands since November 2019, Dyme is now launching in the UK and Germany, to help people take greater control of their finances.
The partnership will see Dyme use Tink’s account aggregation technology in the UK and Germany, to connect people’s bank accounts within the app. This enables Dyme to calculate which subscriptions or recurring costs users have, such as energy, mobile, insurance, or streaming services. Users can then decide whether they want to save money by letting Dyme re-negotiate or switch their service to a better deal or cancel their subscription in one click.
People in the Netherlands have 14 subscriptions on average according to Dyme, who has already saved its Dutch users €3 million collectively.
Joran Iedema, founder of Dyme, said: “Many people have a blind spot when it comes to knowing exactly where their money goes every month, due to such rapid growth in the subscription economy. We want to change that by doing the tedious financial tasks that people don't want to do themselves. Our partnership with Tink allows us to take what we have built successfully in the Netherlands, and seamlessly roll it out in the UK and Germany, in a timeframe that would have been impossible otherwise. This is the first step in our expansion across Europe, with more markets to follow.”
Jerome Albus, regional director France & Benelux at Tink, added: “Subscriptions and recurring costs take up what seems like an ever-increasing part of people’s expenditure. Dyme has proven the service it offers to its users is valued, and we look forward to helping them take this to many more people across Europe.”