Qwist
Also a provider — view Qwist’s profile →“Can a consolidated DACH open banking provider become Europe's dominant Open Finance infrastructure layer under PSD3?”
Founded2012
HQBerlin, Germany
Latest roundBuyout/LBO (Finch Capital, November 2023)
IndustryInfrastructure / Open banking
The story
Founded 2012 as FinReach, later rebranded finleap connect and then Qwist. In November 2023 Finch Capital acquired both Qwist and rival German open banking provider ndgit and merged them under a new Qwist Group holding — consolidating the DACH open banking / open finance infrastructure market. Today Qwist is a BaFin-regulated PSD2 AISP/PISP serving ~100 customers across DACH and Iberia with connect (data), assess (enrichment/scoring) and activate (pay-by-bank, account switch) product suites.
Last 12 months
—
Product timeline
2012
Founded as FinReach· founding
2019
Rebranded as finleap connect after finleap consolidation· pivot
2022
Rebranded to Qwist· pivot
2023
Acquired by Finch Capital together with ndgit; merged into Qwist Group· acquisition
Acquisitions
Regulated entities
1
regulatory licence held by Qwist
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Qwist’s embedded-finance stack
Payments / PSP
Qwist Pay by Bank (self-operated)
Money movement
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Open banking
in the full report
Unified APIs
in the full report
Accounting gap: none
7 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.