Italian open banking platform Fabrick has completed its acquisition of finAPI, a German provider of banking APIs and open banking technology, creating a combined entity with enhanced capabilities across Europe.
finAPI specializes in aggregating banking data and enabling account-to-account payments through APIs that connect to thousands of banks across Europe. The company's technology supports use cases including personal finance management, lending decisioning, and payment initiation.
For Fabrick, which provides open banking infrastructure and embedded finance solutions, the acquisition brings complementary technology and expands its geographic reach. The combined entity will serve clients across multiple European markets with a more comprehensive product suite.
The deal reflects the ongoing consolidation in Europe's open banking sector, as companies seek scale and broader bank connectivity to serve enterprise clients. Open banking has moved from an experimental technology to a core infrastructure layer, driving demand for reliable, comprehensive solutions.
finAPI's extensive bank connections—covering institutions across Germany, Italy, and other European markets—represent a significant asset. Building and maintaining these connections requires substantial ongoing investment, making acquisition an efficient way for Fabrick to expand its coverage.
The combined organization will continue serving both companies' existing clients while pursuing new opportunities in embedded finance, where non-financial companies integrate banking services into their products. This market has been growing rapidly as software platforms, e-commerce sites, and other businesses seek to offer financial services.
Fabrick has been building a comprehensive open banking and embedded finance platform, with the finAPI acquisition adding critical infrastructure capabilities. The company's vision is to enable any business to offer banking services through APIs and white-label solutions.