Fabrick has executed the next stage of its international growth and consolidation strategy by acquiring 75% of finAPI, a leading German operator of Open Finance solutions.
This strategic move aims to drive forward the innovation of European businesses by enabling new embedded finance service models. The operation, subject to approval by the German and Italian supervisory authorities, is valued at an undisclosed amount.
The acquisition marks Fabrick’s significant expansion into the strategically important DACH region, solidifying its position as a key player in Europe’s Open Finance segment.
Fabrick’s collective client base now exceeds 800, with a total value of payments traded surpassing 65 billion euros and more than 11 billion API calls in 2023, reinforcing its leading position in Italy and Germany.
The transaction underscores the growing demand for secure and flexible transactions, driving the adoption of Embedded Finance models across European businesses.
Notably, Fabrick’s recent capital increase with Mastercard and Gruppo Reale Mutua, along with the acquisition of JudoPay in the United Kingdom, highlights its commitment to internationalisation and strategic growth.
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