Mastercard and Fabrick Form a Strategic Alliance to Accelerate Embedded Finance

Mastercard and Fabrick have announced a strategic partnership aimed at accelerating the adoption of Embedded Finance solutions across Europe. Through this collaboration, the two companies will develop innovative financial services that can be seamlessly integrated into businesses, financial institutions, and fintech companies.

Embedded Finance is a concept that allows companies from various sectors to incorporate financial services directly into their products through the use of APIs. This integration enables businesses to offer payment, banking, and insurance services without the need to build their own financial infrastructure.

Fabrick, a pioneer in the Open Finance sector, provides an Open Finance platform that facilitates embedded payment solutions on a global scale. This platform empowers companies and banks to enhance their customer relationships by offering comprehensive and value-added digital payment and embedded finance solutions.

As part of the partnership, Mastercard has made a minority investment in Fabrick. This investment signifies the commitment of both companies to driving innovation and expanding their offerings in the digital financial services space. Currently, the Fabrick platform connects over 400 counterparties, generating an impressive 330 million API calls per month.

Paolo Zaccardi, CEO and Co-founder of Fabrick, expressed his excitement about the collaboration, stating, «Being able to count on the collaboration of a partner of the caliber of Mastercard with a new level of commitment will allow us to strengthen our international presence and open a new phase of growth and evolution.» Zaccardi believes that this partnership will enable Fabrick to establish itself as a benchmark in Open and Embedded Finance across other European countries.

Michele Centemero, Country Manager Italy at Mastercard, also emphasized the significance of the partnership. He stated, «We are glad to reinforce our collaboration with Fabrick and value their great vision and model to face, govern, and design the evolution of embedded finance, which we think will be a big driver for the development of digitization in the next years.» Centemero believes that the collaboration will support the collective goal of offering digital payment solutions to businesses and delivering a seamless experience for customers.

This strategic partnership between Mastercard and Fabrick represents a major step forward in advancing the adoption of Embedded Finance solutions. By leveraging their respective strengths and expertise, the companies aim to revolutionize the digital financial services landscape and create new opportunities for businesses and customers alike.