Mastercard and Fabrick sign strategic partnership to speed up embedded finance

Mastercard and Open Finance sector pioneer Fabrick announced an expanded new partnership to develop Embedded Finance solutions that will improve the digitalization of businesses, financial institutions and fintechs across Europe.  

The announcement builds on the ongoing relationship between the two companies who have been working together since 2019 to promote innovation on the development of digital financial services for the commercial ecosystem.

Embedded Finance enables companies from any sector to integrate financial services directly into their products via API implementation, giving every business the opportunity to provide payment, banking and insurance services without the need to build a proprietary financial infrastructure themselves. 

Fabrick's Open Finance platform enables embedded payments solutions worldwide. This innovative service empowers companies and banks to enhance their relationship with customers by providing a comprehensive and value-added offering in digital payments and embedded finance.

As part of the agreement, Mastercard has made a minority investment in Fabrick. To date, over 400 counterparties are connected to the Fabrick platform, generating over 330 mln API calls per month.