Fabrick

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

Based in Italy, Faire.ai provides an infrastructure platform for banks and financial institutions to offer lending solutions. The company offers a single application programming interface (API) to build a credit platform, which integrates with the core banking technology of its bank partners and credit bureaus.The platform uses artificial intelligence (AI) and machine learning models to assess customer transaction data and history to analyze and calculate customer credit scores and loan eligibility. Faire also offers a dashboard for lenders to manage the lifecycle of loans, from customer onboarding to payment installments. In April 2021, Faire.ai launched an instant lending app, “Cream” (developed for Banca Progetto), which leverages open banking as a data source to deliver instant loans. Cream utilizes a unique credit scoring mechanism to assess financial&nbsp;reliability, which is based on habits, expenditure categories, income and expenditure relationship trends, and so on, instead of factors such as age, origin, and territoriality.Key customers and partnershipsIn January 2022, the company&nbsp;<a href="https://mia-platform.eu/news-en/instant-lending-faire-ai-partnership/">partnered with Mia-Platform</a> to optimize lending processes and integrate services into the latter’s Marketplace.

Biometric Payments

Volume offers an online payment checkout solution for merchants, which leverages biometric authentication. The checkout solutions are based on open banking and look to reduce the transaction fees relating to payment acceptance by moving funds directly from the user’s bank account to the merchant’s. Through the Volume platform, users can choose which bank account they want to make the payment from and will be routed to the biometric security check in their respective banking apps. This process circumvents the need for cards, user IDs, and passwords.Volume charges its customers on a pay-per-use basis, amounting to 0.75% for any bank payment (as of April 2022). Key customers and partnershipsThe company leverages the open banking infrastructure provided by <a href="https://sp-edge.com/companies/628166">Yapily </a>, a British company providing connectivity to more than 1,500 banks.The platform had onboarded over 50 merchants in the UK as of April 2022, across several industries, such as retail, food, and digital marketplaces. Funding and financialsThe company <a href="https://sp-edge.com/updates/9958?industryIds=61">raised USD 2.4 million in pre-seed funding </a>in April 2022, led by firstminute Capital, to invest in accelerating its growth and expanding operations in the UK and eventually covering the rest of Europe and North America.

Volume maximizes customer conversion through One-click checkout and connects with every bank in the world. Volume creates a financially sustainable network that works for everyone.

The Fintech startup Banxware specializes in embedded lending solutions tailored to platform-based businesses, fintechs, and banks. In a rapidly evolving digital economy, flexible financing holds increasing importance. The data-driven technology seamlessly integrates lending solutions into various platforms, enabling SMEs, e-commerce sellers, and restaurant owners to access the required liquidity. Banxware’s commitment lies in bolstering platforms, promoting growth, and enhancing customer convenience by providing essential financial infrastructure. With Banxware, platforms can instantly launch tailored embedded lending solutions across Europe. The company was founded in 2020 by Miriam Wohlfarth, Jens Röhrborn, and Fabian Heiß and employs 50+ people in their Berlin headquarters.

Viceversa provides capital to European digital businesses to support companies in sustainable and ethical growth. With equity-free investments and data-driven insights, Viceversa helps businesses grow at their own pace. Clients can use Viceversa's internally designed analytics platform to better understand their businesses, gain free capital and investment guidance, and follow their insights immediately while receiving their funding offer within three days.

FinDynamic provides financial solutions for the management of supply chains, including confirmation, reverse factoring, and more. It integrates both at the level of management system or treasury software of the buyer, and at the level of portfolio management systems of banking institutions.

faire.ai is a data centric fintech company that provides B2B2C digital solutions to transform access to consumer credit. We built an advanced Platform to analyse customers’ financial behaviour, leveraging Open Banking. faire.ai empowers clients and partners with digital products that simplify processes. We employ Machine Learning to deliver human centred solutions. We aim to improve customers’ lives and simplify access to credit by innovating traditional paradigms.

Smartpricing is a provider of computer software application and revenue management system solutions to Hotel.

PINV is a platform for money planning developed to collect and expand financial and accounting data automatically. The company's platform allows small and medium-sized companies to track cash inflows and outflows, anticipate shortfalls, and respond by identifying the most appropriate financing options. It achieves this by trying to connect all bank balances and incorporating customer information. This access and utilization allows users to know cash flows in real-time, manage receipts and payments, and request loans directly from the platform.

Penta is a digital business bank platform designed to help startups and SMEs save time and money on banking. It automates bank accounts and invoices, offers online cashless banking services, and helps to open an online banking account in minutes, enabling consumers to manage their cashflows easily. Penta's mission is to disrupt business banking in Europe and worldwide. It was founded in 2016 and is headquartered in Berlin, Germany.

Conio is an European digital assets custody and management provider with proprietary technology and a patented fund recovery system. Conio enables Financial Institutions and Businesses to enter into the Digital Assets and Crypto markets with the highest compliant and safety standards.  Our platform provides a full capability solution with custody, exchange and tokenization services. Founded in 2015 in San Francisco, Conio launched the first Bitcoin MultiSig Wallet App in Italy. Conio technology was the one of the first to be integrated within a bank infrastructure.  With successful banking integrations in Italy, our aim is to become the most trusted digital assets company by financial institutions and enterprises.

Vidra is the all-in-one digital commerce platform where small retailer and manufacturers can instantly create the online shop, sell, ship, and get paid out. The all-in-one solution for online and point-of-sale that automates every step of the sales flow: - Creation of the online store - Sale on marketplaces, social networks and physical sales point (omnichannel) - Integrated payment, no contracts with other payment gateways are required - Shipments, delivery of goods to customers with the most convenient rates of the main couriers, without minimum shipments - Warehouse management, and stocks - Packaging, for shipments

They know that it takes a lot to be self-employed and be fully responsible for your own future. With all the trouble on your mind to build your business, it seems like having a second job when you need to deal with the Italian bureaucracy. That's why they created Beesy - an easy way to manage your finances in one place. With banking, invoicing and digital accounting in a single tool, they aim to reduce the unnecessary complexity of running a business in today's world. With Beesy, they'd like you to be able to feel at ease when it comes to your finances so that you can focus your energy on what really matters.

MyPass is a fintech company that provides technology solutions for checkout and payment.

Fabrick is a  financial services company that enables exchange between players that discover, collaborate, and create innovative solutions for end customers, through an API platform. The company specializes in the fields of banking, fintech, and information technology.

Based in Italy, Fabrick offers API-based banking, payment, and lending FinTech infrastructure to financial institutions and enterprises. Its open banking-based solutions include account aggregation services through Account Information Service Provider (AISP) and account-to-account payment initiation through Payment Information Service Provider (PISP). The company also provides payment orchestration solutions (through Payment Orchestra) that include multichannel acquisition, smart routing, and split payments. Meanwhile, its payment gateway aggregator solution enables payment acceptance from over 250 alternative payment methods and around 20 acquirers (as of May 2023).

Italy’s Fabrick Partners with TerraPay to Expand Global Payment Services

Volume

United Ventures

Haatch

Firstminute Capital

Seed-X

Companies that provide software platforms to authenticate remote transactions using biometrics, typically leveraging the biometric authentication provided in mobile devices such as smartphones and tablets.

TerraPay

Italy-based Fabrick has partnered with UK-based TerraPay to create an integrated offering that streamlines payment processes, reduces operational costs, and ensures regulatory compliance by leveraging Fabrick's Banking-as-a-Service platform and TerraPay's global payment network.


Platforms that allow FinTechs to integrate banking services such as opening and maintaining accounts, facilitating card payments, etc.


Banxware

UniCredit

Redstone.VC

Force Over Mass Capital

VR Ventures

13books Capital

D4 Ventures

Mastercard

To develop and support with a collective goal to offer digital payment solutions to businesses and to deliver a seamless experience for their customers.

Viceversa

CDP Venture Capital

Italian Angels for Growth

Kairos Partners

Azimut Libera Impresa

FinDynamic

faire.ai

Platforms that allow FinTechs to integrate lending services,  by typically applying AI/ML technology to a spending analysis to analyze creditworthiness.

Smartpricing

The Techshop

GELLIFY

Doorway Capital

Azimut Digitech Fund

PINV

Digital Magics

Fasanara Capital

Microsoft

Fabrick collaborate with Microsoft Italia with the aim of leveraging Cloud Computing and new technologies to develop innovative projects capable of accelerating the digital transformation of the financial world. Fabrick’s unique offer will become part of the Microsoft Commercial Marketplace.

Penta

RTP Global

HV Capital

finleap

ABN AMRO Ventures

Presight Capital

Citius

Decart Ventures

Conio

Vidra

Based in Italy, Fabrick offers API-based banking, payment, and lending FinTech infrastructure to financial institutions and enterprises. Its open banking-based solutions include account aggregation services through Account Information Service Provider (AISP) and account-to-account payment initiation through Payment Information Service Provider (PISP). The company also provides payment orchestration solutions (through Payment Orchestra) that include multichannel acquisition, smart routing, and split payments. Meanwhile, its payment gateway aggregator solution enables payment acceptance from over 250 alternative payment methods and around 20 acquirers (as of May 2023).Fabrick offers an AI-based solution for fraud prevention in the post-authorization phase. This aims to leverage advanced AI/ML to assess factors such as behavioral analysis, geographic region, payment amount, etc. to assess transactions, without hindering the customer journey. The company expanded its operations by acquiring British mobile payments platform Judopay in May 2023 to enhance its payment orchestration solutions and access the UK market. Judopay handled over 60 million transactions worth more than EUR 2 billion (USD 2.1 billion) per annum at the time of the acquisition.Key customers and partnerships Fabrick operates in Italy, France, Spain, Portugal, and the UK, and reportedly served over 100,000 users, as of May 2023, including BBVA, Easy4Cloud, Q8, and Net Insurance. The company also partnered with leading global players to expand its offering. For instance, it partnered with Mastercard in 2019 (and expanded the partnership in May 2023) to develop embedded finance solutions for European businesses. It also partnered with Banca Stella in May 2022 to develop an open banking-based digital platform that helps corporates access transactional and management data. Funding and financialsFabrick reportedly generated net revenue of EUR 50 million (~USD 53 million) in 2022. The company <a href="https://sp-edge.com/updates/18993">raised EUR 40 million </a>(~USD 43 million) in funding in May 2023, led by Mastercard, to invest in expansion across Europe, further developing products and services, and scaling infrastructure.

Cross River Bank provides a white-label banking-as-a-service (BaaS) platform for enterprises, combining banking services, payments, and marketplace lending infrastructure to build fintechs. Its solutions comprise demand deposits, savings accounts, credit and debit cards, and payment clearing services, including automated clearing house (ACH) and real-time payments. The company also provides banking and payment infrastructure for the crypto industry, including risk management services for its crypto clients.Cross River Bank has expanded its operations by acquiring Betterfin, a platform offering lending-as-a-service (LaaS) solutions, in November 2021. Through the acquisition, Cross River Bank leveraged Betterfin’s software to digitize parts of the small-business lending process (such as origination and underwriting).&nbsp;Key customers and partnerships&nbsp; As of November 2024, Cross River had over 80 clients, including lenders such as Affirm, Best Egg, and Upstart, neobanks such as <a href="https://sp-edge.com/companies/220119">Revolut</a>, and blockchain-based payment processing platform GreenBox. The platform reportedly originated over USD 24 billion in loans per annum, around 10x the value of loans it originated in 2015.As of November 2024, the company had over 500 employees and had entered more than 80 partnerships.&nbsp;In September 2024, Cross River Bank partnered with Forward, an embedded payments company, to offer payouts-as-service solutions featuring same-day automated clearing house (ACH) payouts through Forward's proprietary API technology.&nbsp;Cross River Bank also teamed up with UK-based BaaS provider <a href="https://sp-edge.com/companies/421515">Railsr</a> in January 2019 to launch a common API for their platforms to be used globally.The company partnered with <a href="https://sp-edge.com/companies/1643">American Express</a> (Amex) to enable FinTechs to issue credit cards through Cross River Bank, on the Amex network, while also providing select Amex benefits to the FinTechs.&nbsp;

Cross River Bank

Synctera was co-founded in 2020 by Peter Hazlehurst, the former head of Uber Money, who previously led the development of Google Wallet. The company offers an API-based infrastructure platform for community and regional banks to find and partner with FinTechs. This enables FinTechs to leverage the former’s licenses to embed FDIC-insured mobile checking, debit cards, savings accounts, and payment innovations, among other features. The API platform offered to the banks will then be sold to the FinTechs to code on. Although the end customers interact with the FinTechs, they legally belong to the bank.<a href="https://sp-edge.com/updates/8117">Synctera mainly charges the banks </a>based on the interchange fees they earn (half of the interchange fees, as of January 2022) from the services provided. It does not charge them an initial amount to use the platform. Moreover, the platform also embeds fraud-as-a-service and charges FinTechs on a per transaction basis (4 cents per transaction) should they choose to use it. It subsequently shares that revenue 50/50 with the banks.The company launched the “t-minus10” project in January 2022, which offers a live sandbox for FinTechs to build apps, test, and go to market, enhancing their access to banking partners. It subsequently launched a “Smart Charge Card” (APIs to build, launch, and issue charge cards) and “White-label Banking App” (a codebase for developers to build embedded banking products or neobank apps) infrastructure in October 2022.Key customers and partnershipsIn February 2022, Lineage Bank (a community bank in Tennessee) and GoGetr (FinTech aiming to promote health and wealth management) became the first companies to launch a banking solution using the Synctera platform. As of March 2023, the platform was working with around 50 fintechs, of which 14 were live (including Wayapay and Float). Synctera reportedly had over 20 implementations set for launch in the following two months.Synctera announced a new card issuing and management infrastructure offering (Card-as-a-Service), in July 2021, which it developed in partnership with Mastercard and leading card issuing infrastructure disruptor, <a href="https://sp-edge.com/companies/64287">Marqeta</a>.In August 2024, Synctera partnered with<a href="https://thepaypers.com/payments-general/synctera-partners-marqeta-to-introduce-fleet-cards--1269833"> Marqeta&nbsp;</a>to develop a fleet card solution that helps companies create and manage their own fleet card and banking products.

Synctera

Based in the UK, Weavr, formerly known as Open Payments Cloud, was spun out of payment provider Ixaris in 2019. Weavr offers the infrastructure for enterprises to embed banking services across various industries, including education, fitness, logistics, etc. Weavr’s “Meta” platform combines multiple banking and payments partners in one platform through application programming interfaces (APIs). Using the APIs, enterprises can embed virtual banking services such as card payments, fund transfers, and international banking accounts.Weavr expanded its operations to Singapore in November 2022, as part of its global expansion plans.In March 2023, the company acquired Comma Payments in a primarily equity-based transaction to integrate the latter’s technology. The integration will allow customers to transition from making payments via existing bank accounts to using Weavr-provided accounts with enhanced controls and payment options.Key customers and partnershipsAs of February 2023, Weavr had served over 1,500 enterprises, including Wectory, AllGravy, Corplife, Finway, Thanks Ben, and MySkillCamp.&nbsp;In October 2019, Weavr partnered with payment service providers Global Processing Services (GPS), Paynetics, and iDenfy to enable developers to create and run sophisticated and streamlined payment experiences for their European customers through Weavr.In June 2023, the company&nbsp;<a href="https://www.weavr.io/blog/weavr-and-visa-to-deliver-embedded-finance-to-the-global-stage/">partnered with Visa</a> to integrate its financial plug-ins with Visa's payment capabilities to create embedded finance solutions that are easy to deploy and cost-effective.

Weavr

MX offers an open finance portal, data connectivity application programming interface (API), and MX platform API for banks, credit unions, and other financial service providers. The company’s solutions allow its clients to utilize financial data to reduce fraud, approve loans faster, and improve their customer experiences. In addition to APIs and connections, MX also offers a range of capabilities, including data aggregation, analytics, financial feed insights, wealth and investment services, and verification services.MX looks to enable banks and financial institutions to launch next-generation services and apps that automate and personalize financial experiences.Key customers and partnershipsAs of January 2021, the company noted that it worked with more than 1800 banks, credit unions, and FinTech companies, and its platform reached over 200 million end-users. Moreover, it also powered 43 of the top 50 digital banks as of the same period.&nbsp;As of November 2024, the company maintained connections with more than 13,000 financial institutions and FinTechs. Moreover, the company had processed transactions worth USD 170 billion, averaging around USD 150 million per day.In November 2024, the company partnered with&nbsp;<a href="https://www.pymnts.com/news/banking/2024/american-express-forms-data-sharing-partnership-with-mx/">American Express</a> to enable the latter’s customers to securely connect their accounts with third-party financial institutions and FinTech apps through MX's platform.In&nbsp;<a href="https://sp-edge.com/updates/8753?industryIds=53">February 2022, MX partnered</a> with&nbsp;<a href="https://sp-edge.com/companies/361160">Rize</a>, to enable users to access Rize’s banking infrastructure to build, launch, and scale financial products through a single API, thereby reducing the development time and cost.&nbsp;&nbsp;

Bankable is a banking-as-a-service (BaaS) infrastructure provider allowing financial institutions and corporations to utilize its API to integrate banking services. It provides a platform for its enterprise customers to offer modular banking services, including ledger management (process data from multiple banks to support cash management for global corporate affairs), digital banking, payment cards, and e-wallets. The company expanded its platform by <a href="https://sp-edge.com/updates/19662">acquiring Arex Markets </a>in June 2023, to embed working capital solutions (such as flexible invoice financing, corporate credit cards, lodged cars, and revolving credit).The company has a global presence, with operations spanning from the US to the Middle East as of January 2021. Bankable noted that the expansion of its global footprint also helps its European and US FinTech clients expand their operations internationally.Key customers and partnershipsIn January 2020, the company partnered with the diversified FinTech infrastructure provider <a href="https://sp-edge.com/companies/85350">Plaid </a>, which enabled Bankable’s customers to use Plaid’s tech to connect to more than 15,000 banks in the US and Europe.

Bankable

Platforms that enable FinTechs to integrate a range of payment-related services such as one-time payments, subscriptions, and receipt management for domestic and cross-border transactions.


Companies that enable organizations to embed anti-money laundering (AML), identity verification, and know-your-customer (KYC) solutions.


Companies providing APIs and integrations for FinTechs to access securities markets, facilitate transactions and clearing, and provide insights to help end-users manage their finances.

May specialize in promoting inclusiveness in financial services, primarily in the investment and lending spaces

AI/ML can improve the quality of their offerings, such as using AI/ML to reduce biases

Used for payment completions, accessing banking and transaction data, and providing financial insights, among others

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 
 Italian FinTech infrastructure platform, Fabrick, has struck a deal with TerraPay, a cross-border payment infrastructure provider from the UK. The goal is to broaden Fabrick's reach and boost its cross-border payment provision across Europe.
 By leveraging Fabrick's banking-as-a-service platform and TerraPay's global payment network, the collaboration hopes to generate an integrated service that simplifies payments, lowers operational expenses, and guarantees regulatory compliance.
 
</div> Analyst QuickTake: 
 Fabrick’s recent expansion efforts in Europe, including the acquisition of <a href="https: 
//www.finapi.io/en/fabrick-announces-acquisition-of-finapi/"> finAPI, a German open banking provider, </a> and today’s partnership, are in line with the company’s <a href="https: 
//sp-edge.com/updates/18993"> EUR 40 million </a> fundraising in May last year, which was earmarked to support its European expansion plans, product development efforts, and scaling infrastructure.

Fabrick

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