In May 2024, Fabrick initially announced plans to acquire finAPI with the goal of fostering growth in European businesses by introducing innovative Embedded Finance service models. This move aims to enhance the customer experience in payments while ensuring financial data is secure and reliable.
The combined capabilities of Fabrick and finAPI will provide a wider range of digital solutions for enterprise clients, allowing finAPI’s customers access to Fabrick’s services as well. By integrating these resources, both companies aim to create a more comprehensive suite of financial tools tailored to the needs of various stakeholders within the European market.
How Will This Deal Support Fabrick’s Expansion?
With this acquisition, Fabrick plans to enter new high-potential markets such as Germany and Austria, in addition to its current presence in Italy, Spain, and the United Kingdom. The company intends to strengthen its position within Europe by leveraging the open ecosystem model, which encourages interaction with diverse contexts and cultures.
Fabrick operates an Open Finance platform that orchestrates solutions across the entire payment value chain, acting as a facilitator for banks, fintech firms, and corporations. By acquiring finAPI, Fabrick will benefit from additional expertise and resources while maintaining its position in A2A (Account-to-Account) payments.
The forthcoming PSD3 directive in Europe is aimed at enhancing Open Banking positions, thereby fostering efficiency and competitiveness. Fabrick’s international presence supports these developments, aligning with the company’s strategic goals to support new models of customer engagement and loyalty through an omnichannel approach that offers a customized user experience.
