FABRICK to acquire finAPI from SCHUFA.

FABRICK, an open finance operating company, agreed to acquire finAPI, an operator of open finance solutions, from SCHUFA, a private credit bureau. Financial terms were not disclosed. “This agreement to acquire finAPI, following the recent capital increase with Mastercard and Gruppo Reale Mutua and the acquisition of JudoPay in the United Kingdom, represents another significant milestone for Fabrick, enabling the proliferation of the internationalisation strategy defined since our inception. It allows us to enter the DACH Region, an area of strategic importance in allowing us to scale up our operations and seize the growing opportunities offered by the sector in which we operate. This operation is also a further step in expanding our offering, which now covers the entire value chain of Open Finance services," Paolo Zaccardi, Fabrick CEO.