Fabrick provides an open finance platform that integrates Open Banking and Open Payment services, enabling businesses to implement account-to-account (A2A) payment solutions and access transactional data for value-added services. This approach enhances payment security, speeds up transaction execution, and fosters collaboration among fintechs, businesses, and financial institutions globally.
Funding
$43.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses face challenges in integrating various financial services and payment methods, leading to inefficiencies and security concerns. Traditional payment systems can be slow, costly, and lack the flexibility needed to adapt to evolving customer preferences and technological advancements. This complexity hinders innovation and limits the ability of businesses to offer seamless and secure financial experiences.
Solution
Fabrick offers an open finance platform that streamlines the integration of Open Banking and Open Payment services, enabling businesses to implement account-to-account (A2A) payment solutions and access transactional data. The platform facilitates secure and rapid transaction execution while fostering collaboration between fintechs, businesses, and financial institutions. By providing a unified platform, Fabrick simplifies multi-provider payment processing, improves information flow, and enhances reconciliation processes. This allows businesses to create value-added services and innovative financial solutions that are easily integrated into their existing systems.
Target Audience
Fabrick primarily targets fintechs, businesses, and financial institutions seeking to innovate and streamline their financial services through open banking and open payment solutions.
Features
- Account Aggregation (AISP) for accessing transactional data and enabling value-added services
- Open Banking Payments (PISP) for secure and fast account-to-account payments
- Payment Orchestration to improve multi-provider payment processing and simplify information flows
- Payment Gateway to accept e-commerce and in-app payments with 250+ alternative payment methods
- Real-time risk analysis leveraging online Strong Customer Authentication (SCA) to improve acceptance rates
- Guaranteed Payments offering post-authorization fraud control and reimbursement of unidentified fraud
- Lending Place suite to facilitate and speed up companies' access to credit