Fabrick, an Italian fintech company, has recently received an investment from Mastercard to enhance its embedded finance platform. The investment will help Fabrick to develop new payment solutions and expand its reach in the European market.
Fabrick’s embedded finance platform is a cloud-based solution that enables businesses to offer financial services to their customers. The platform provides a range of services, including payments, lending, and insurance, which can be integrated into any business application or website.
With the investment from Mastercard, Fabrick will be able to enhance its payment solutions and offer new features to its customers. The company plans to use the funds to develop new payment methods, such as contactless payments and mobile payments, and to expand its network of partners.
Fabrick’s embedded finance platform is already used by a number of businesses in Italy and other European countries. The platform has been particularly popular among small and medium-sized enterprises (SMEs), which often struggle to access financial services from traditional banks.
By offering a range of financial services through its platform, Fabrick is helping SMEs to grow their businesses and reach new customers. The company’s platform is also helping to drive innovation in the financial services industry by enabling businesses to offer new and innovative payment solutions.
The investment from Mastercard is a significant milestone for Fabrick and demonstrates the growing interest in embedded finance solutions. As more businesses look to offer financial services to their customers, platforms like Fabrick’s are likely to become increasingly important.
Overall, the investment from Mastercard is a positive development for Fabrick and the wider fintech industry. With the support of a major player like Mastercard, Fabrick will be able to continue developing innovative payment solutions and expanding its reach in the European market.
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- Source: Plato Data Intelligence.