When was Token founded?

Token was founded in 2015 and raised its 1st funding round 2 years after it was founded.

Where is Token located?

Token is headquartered in London, United Kingdom.

Which legal entities is Token associated with?

Token is associated with Token.io Limited and 2 others.

How many employees does Token have?

As of Feb 28, 2026, the latest employee count at Token is 105.

Is Token a funded company?

Token is a funded company, having raised a total of $90.2M across 5 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jul 14, 2017.

When was the latest funding round of Token?

Token's latest funding was a $***** Series C round on Jun 05, 2025, with participation from 1 investor.

Where does Token rank among its competitors?

Token ranks 20th amongst 625 active competitors, of which 194 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was TrueLayer, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of Token?

Token's top competitors include Ramp, Bill.com and Cross River. Among them, TrueLayer secured the most recent funding round in February, 2026.

Token - 2026 Company Profile, Team, Funding, Competitors & Financials

Token is a series C company based in London (United Kingdom), founded in 2015 by Steve Kirsch and Marten Nelson. It operates as a Provider of account-to-account payment infrastructure, variable recurring payments, and data solutions. Token has raised $90.2M in funding from investors like Octopus Ventures, Luvian Osuuspankki and SBI Investment. The company has 625 active competitors, including 194 funded and 72 that have exited. Its top competitors include companies like Ramp, Bill.com and Cross River.

Company Details

Provider of account-to-account payment infrastructure, variable recurring payments, and data solutions. The company delivers payment and withdrawal processing, along with data solutions. It offers connectivity to bank accounts, enabling payment initiation and data access. The company provides licensing as a service, along with consultancy, growth, and innovation services.

Website: token.io
Social
Email ID: *****@token.io
Phone Number: +44 **********

Key Metrics

Founded Year

2015

Location

London, United Kingdom

Stage

Series C

Total Funding

$90.2M in 5 rounds

Latest Funding Round

Series C, Jun 05, 2025, $*****

Investors

Octopus Ventures & 20 more

Ranked

20^th among 625 active competitors

Employee Count

105 as on Feb 28, 2026

Similar Companies

Ramp & 571 more

View Token's full profile

Token is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TOKEN, INC CIN: 46-4229437 , United States, Active	Dec 31, 2014	-	12 (As on Dec 31, 2023)	-
Token.io Limited CIN: 10143662 , United Kingdom, Active	Dec 01, 2013	-	43 (As on Dec 31, 2023)
Token GmbH CIN: HRB217765 , Germany, Active	May 27, 2020	-	13 (As on Dec 31, 2020)

Token has raised a total funding of $90.2M over 5 rounds. Its first funding round was on Jul 14, 2017. Its latest funding round was a Series C round on Jun 05, 2025 for $*****. 1 investor participated in its latest round. Token has 21 institutional investors.

Here is the list of recent funding rounds of Token:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 05, 2025	6038863	Series C	2714280	9687991	5077020	7513420
May 12, 2022	5693943	Series C	3972432	5692466	9752543	MissionOG & 6 more
Jan 27, 2021	3108172	Series B	6958302	7068368	Sony Innovation Fund & 1 more	Octopus Ventures & 3 more

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View details of Token's funding rounds and investors

The founders of Token are Steve Kirsch and Marten Nelson. Todd Clyde is the CEO of Token.

Here are the details of Token's key team members:

Steve Kirsch: Co-Founder of Token and founder of 3 other companies, M10, Infoseek and oneID. They serve on the board of 1 company.
Marten Nelson: Former Co-Founder of Token and founder of 1 other company. They serve on the board of 1 company.
Todd Clyde: CEO of Token. They serve on the board of 1 company.

Token's Board of Directors

Token's board has 1 active member. Todd Clyde is part of team.

Here is the list of Token's board of directors:

Name	Type	Representing	Status	Duration
crpaxbn	Team	-	Past	6y 2m
qe{mybn	Team	-	Past	2y 5m
orktvqd	Team	-	Current	4y 3m
dtthfhk	Independent board member	-	Past	4y 7m
lrpitsf	Independent board member	-	Past	5y 4m

View details of Token's Founder profiles and Board Members

Token's employee count trend

Token has 105 employees as of Feb 26. Here is Token's employee count trend over the years:

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Top competitors of Token include Ramp, Bill.com and Cross River. Here is the list of Top 10 competitors of Token, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ramp 2019, New York City (United States), Series E	Provider of a platform for spend management, corporate cards, and payables	$2.44B	Founders Fund, Coatue & 62 others	84/100
2nd	Bill.com 2006, Palo Alto (United States), Public	Provider of accounts payable, accounts receivable, and spend management solutions	$326M	Icon Ventures, August Capital & 28 others	84/100
3rd	Cross River 2008, Fort Lee (United States), Series D	Provider of an open banking API solutions for financial institutions	$898M	Shefa Capital, Andreessen Horowitz & 17 others	79/100
4th	Tink 2012, Stockholm (Sweden), Acquired	Provider of open banking platform offering payment services and data enrichment	$359M	Sunstone, Creades & 21 others	77/100
5th	TrueLayer 2016, London (United Kingdom), Series E	Provider of open banking platform facilitating payments and data solutions	$322M	Northzone, Anthemis Group & 25 others	76/100
6th	NG.CASH 2021, Rio de Janeiro (Brazil), Series B	Provider of digital accounts, prepaid cards, and payment processing services	$50M	Monashees, New Enterprise Associates & 11 others	75/100
7th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 186 others	75/100
8th	Galileo 2000, Sandy (United States), Acquired	Provider of cloud-based platform for financial technology and digital banking	$85M	Mercato Partners, Accel & 3 others	74/100
9th	M2P Fintech 2014, Chennai (India), Series D	Provider of APIs enabling banking, lending, and payment financial services	$188M	8i Ventures, Beenext & 62 others	74/100
10th	Dock 1997, Sao Paulo (Brazil), Acquired	Developer of open banking API solutions	$280M	Viking Global Investors, SLW & 7 others	72/100
20th	Token 2015, London (United Kingdom), Series C	Provider of account-to-account payment infrastructure, variable recurring payments, and data solutions	$90.2M	Cota Capital, Salica Investments & 19 others	64/100