SCHUFA acquires majority stake in finAPI GmbH
Summary
SCHUFA has acquired a majority stake in finAPI GmbH and plans to work closely with the company on Access to Account and XS2A solutions. finAPI will continue operating independently while expanding its software business for banks and other financial service providers. The company brings a REST API platform, data integration and analytics capabilities, and a BaFin license for account information and payment initiation services. The deal strengthens SCHUFA's position in digital identity, fraud prevention, and financial data access for enterprise customers.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Technology (FinTech)
SaaS
API Management
Linked Companies
finAPI GmbH
$1M to $5M