FIT FOR FUTURE BUSINESS: SCHUFA ACQUIRED A MAJORITY STAKE IN FINAPI GMBH
Frankfurt, 11 February 2019. Fintech company finAPI GmbH, founded in 2008, and SCHUFA Holding AG will closely collaborate in the Access to Account (X2SA) solutions segment in the future. To substantiate this partnership, SCHUFA acquired a majority stake in finAPI in December 2018. finAPI will continue to operate independently.
finAPI GmbH is an established provider of software solutions for banks and other financial service companies. At its headquarters in Munich, the company develops and implements solutions for data integration and analysis. finAPI’s REST-API platform enables secure access to currently 58 million end customer bank accounts and is already used by several SCHUFA clients. Moreover, finAPI disposes of a BaFin-License, which is required for the operation of account information services or payment initiation services in accordance with the Payment Service Directive 2.
Both companies significantly benefit from the collaboration: finAPI provides XS2A solutions, which are highly relevant for SCHUFA customers aiming to digitize their businesses. At the same time, finAPI gains access to SCHUFA’s extensive customer base. Thus, the transaction enables finAPI to grow its business and SCHUFA to establish itself as an attractive XS2A solutions provider. Furthermore, the transaction is a clear signal for the future strategic positioning of SCHUFA and its continuous development as a provider of client solvency, identity and fraud detection solutions, serving both enterprises and end-customers.
ACXIT Capital Partners acted as exclusive M&A advisor to SCHUFA Holding AG.
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Leipzig, Zurich, Hong Kong and New York, as well as strong alliances in France, China and India. (www.acxit.com)
The complete press release of SCHUFA Holding AG, dated 21 December 2018, is available here (German only).
ACXIT Capital Holding GmbH
Bockenheimer Landstraße 24
60323 Frankfurt am Main
Dr. Hartmut Vennen
Senior Managing Director, Strategic Communications
Park Tower | Bockenheimer Anlage 44
60322 Frankfurt am Main
Phone: +49 69 92037 137
Mobile: +49 160 895 5858
Jens Tschauder, Managing Partner
Tobias Warkus, Executive Director