Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Visa acquires Swedish fintech Tink for $2.15B

Visa has announced that it is acquiring Tink, a Stockholm-based open banking platform, for $1.8 billion Euros (US$2.15 billion).

Founded in 2012, Tink previously raised over $300 million in known funding, per Crunchbase data. Through its API, the company allows  customers to access aggregated financial data and tap into services such as risk insights and account verification.

Under terms of the deal, Tink will retain its brand and current management team, and its headquarters will remain in Sweden.

— Joanna Glasner

New Funds

Andreessen Horowitz closes $2.2B crypto fund: Venture firm Andreessen Horowitz (A16Z) said it has raised $2.2 billion for its Crypto Fund II, which will invest in crypto networks and the founders and teams building in the space. Previously, A16Z has been a heavy and active investor in the crypto space, capping its best exit year ever with this year’s market debut by Coinbase.

— Joanna Glasner

Cybersecurity

Illumio lands $225M: Sunnyvale, California-based Illumio, a provider of a SaaS platform offering automated enforcement against cyberattacks, said it raised $225 million in a Series F funding round led by Thoma Bravo at a $2.75 billion valuation.

— Joanna Glasner