- Fabrick, an Italy-based Open Finance operating company, has made a strategic move by acquiring finAPI GmbH, a leading German operator of Open Finance solutions.
- This acquisition allows Fabrick to enter the DACH region, a significant market for scaling up operations and capitalizing on emerging opportunities in the Open Finance sector.
- Paolo Zaccardi, CEO of Fabrick, emphasized the importance of this acquisition in expanding their offering to cover the entire value chain of Open Finance services.
Fabrick’s acquisition of finAPI marks a significant step in its international growth strategy, enabling it to enter the DACH region and expand its Open Finance services.
Fabrick bringing embedded finance to DACH market
Paolo Zaccardi, CEO of Fabrick, highlighted that the acquisition of finAPI is a crucial milestone following recent capital increases with Mastercard and Gruppo Reale Mutua, as well as the acquisition of JudoPay in the UK. This move aligns with Fabrick’s internationalization strategy and allows them to scale operations in the DACH region, a market of strategic importance. The acquisition also broadens Fabrick’s service offerings, now encompassing the full spectrum of Open Finance services.
Strategic Importance of the DACH Region
The DACH region, comprising Germany, Austria, and Switzerland, represents a critical market for Fabrick’s expansion. By acquiring finAPI, Fabrick gains access to over 350 clients, including banks, financial service providers, fintech companies, insurance companies, and software providers. This move not only strengthens Fabrick’s presence in Europe but also enhances its ability to innovate and offer new embedded finance service models.
Partnership Synergies and Future Outlook
Tanja Birkholz, CEO of SCHUFA, expressed confidence in the partnership with Fabrick, emphasizing the technological capabilities and customer-oriented approach that Fabrick brings to the table. Florian Haagen, CEO and Co-founder of finAPI, echoed this sentiment, highlighting the European approach and the potential for shaping the future of Open Finance in Europe. According to a Forrester Consulting report commissioned by Fabrick, a significant percentage of German decision-makers plan to invest in payment acceptance solutions, with high priorities assigned to payment orchestration and account-to-account payment solutions via API.
Conclusion
The acquisition of finAPI by Fabrick is a strategic move that positions the company for significant growth in the DACH region. By leveraging finAPI’s established client base and technological expertise, Fabrick is well-equipped to drive innovation and expand its Open Finance services across Europe. This acquisition not only strengthens Fabrick’s market presence but also sets the stage for future developments in the embedded finance sector.
