“Can a BaFin-licensed German open banking specialist become the DACH backbone of a pan-European Open Finance platform under Fabrick/Sella?”
Founded in 2008 in Munich as a bank data aggregation and analysis service, finAPI evolved into one of Germany's leading BaFin-licensed AISP/PISP providers under PSD2. Held by SCHUFA for several years, it was acquired by Italian Open Finance group Fabrick (Sella Group) in 2024/2025, becoming a core piece of a pan-European open finance / embedded payments platform. Product scope has extended from pure account aggregation to Data Intelligence (categorization, cashflow, risk, KreditCheck), KYC via GiroIdent, and SEPA / instant payment initiation.
finAPI processes payments through finAPI Payment (self-operated). Disclosed money-movement rails: SEPA.
finAPI uses finAPI GiroIdent (in-house) for KYC and identity verification.
finAPI connects to bank accounts through finAPI (self-operated) and finapi.
The Embedded Finance Index 2026 maps 5 layers in finAPI's stack: Payments / PSP (finAPI Payment (self-operated)); Money movement (SEPA); Open banking (finAPI (self-operated) and finapi); KYC (finAPI GiroIdent (in-house)); Transaction enrichment (finAPI Data Intelligence (in-house)).
finAPI was founded by Florian Haagen and Martin Lacher and is founded in 2008, headquartered in Munich, Germany.
Get a read on where your own stack stands against finAPI and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.