Fabrick completed the acquisition of a 75% stake in finAPI from SCHUFA.

Fabrick, an open finance operating company, completed the acquisition of a 75% stake in finAPI, an operator of open finance solutions, from SCHUFA, a private credit bureau. Financial terms were not disclosed. “The merger with Fabrick marks a significant step for finAPI and our customers. Together, we can offer an even broader portfolio of digital Open Finance solutions – with greater flexibility, enhanced capabilities, and access to innovative payment services such as Fabrick’s orchestration. For our clients, this means more possibilities and real added value. As part of Fabrick, we are ideally positioned to actively shape the future of Open Finance in Europe,” Florian Haagen, finAPI CEO and Co-founder.