finAPI

What finAPI does

finAPI is a Munich-headquartered Open Finance platform provider founded in 2008, operating as a wholly-owned subsidiary of Italy's Fabrick S.p.A. (Sella Group) following an acquisition completed in June 2025. The company is BaFin-licensed as both a Kontoinformationsdienst (KID) and a Zahlungsauslösedienst (ZAD) under PSD2, and offers a modular REST API platform covering account information services and payment initiation services across 13 European countries with access to over 100 million potential bank accounts. Core technology is built on a PSD2-compliant XS2A interface based on the Berlin Group Standard, with FinTS protocol support for German banks and web scraping as fallback, processing over 9 billion API calls and over 90 billion EUR in account-to-account payment volume annually.

The product portfolio spans Open Banking API Access (B2C and B2X), PSD2 License-as-a-Service, XS2A Server for Banks, a Data Intelligence module (categorization, cashflow analysis, risk analysis, contract detection, Digital Account Check, KreditCheck, LoanValidator with SCHUFA matching), KYC/GiroIdent identity verification (Basis, Plus, Jugendschutz, GwG), Payment API (SEPA, direct debit, instant payments), VoP-Service, and a Shopware Payment Plugin. Data Intelligence leverages AI/ML-based transaction analysis with semantic categorization, backed by a BSFZ research and development certification. Zero-Integration widget options (KreditCheck) and self-serve sandbox environments (Demobank) accelerate deployment.

finAPI's revenue model combines tiered monthly subscriptions (Access, Demobank, PSD2 License), usage-based pricing per call (Data Intelligence reports priced in groups A–G, KYC), and transaction-based fees for payments and the Shopware plugin (0.4% of sales + €0.15/transaction). The go-to-market is hybrid: self-serve online ordering with a 30-day free trial for SMBs and developers, combined with sales-led consultation for enterprise and bank-level XS2A deployments. The customer base exceeds 400 companies across banks, fintechs, lenders, ERP/accounting software vendors, e-commerce platforms, insurance, real estate, and tax software, with 24-month initial contract terms supporting recurring revenue.

Name

finAPI

Legal name

finAPI GmbH

Website

https://finapi.io

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

finAPI is a Munich-based, BaFin-licensed Open Finance platform offering PSD2-compliant banking APIs, payment initiation, data intelligence, and KYC services across 13 European countries. It serves banks, fintechs, lenders, ERP vendors, and e-commerce companies with modular subscription and usage-based pricing.

Ownership category

akta.pro rank

Product category

Open Banking API Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Credit Bureaus (561450)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Payment Initiation & Account-to-Account (A2A) Payments (PIS, RTP initiation) (FSAGACAI)

akta.pro secondary industries

A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB), SME Credit Risk, Underwriting & Financial Data (B2B Fintech Data/Decisioning) (FSAGAJAM), Income & Employment Verification (VOI/VOE, payroll-linked data) (FSAGACAE), Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG), Identity & Authentication for Open Banking (SCA support, token exchange) (FSAGACAF)

Keywords

• Open banking API
• PSD2 compliance services
• Payment initiation API
• Account aggregation platform
• Financial data intelligence

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure

Revenue model

1. Open Banking Access Licensing: Subscription-based licensing for Banking-API Access (B2C for private accounts, B2X for private and business accounts) with tiered pricing based on number of users. Base licenses up to 200 or 1,000 users, then per-user pricing with volume discounts. Add-ons available for international coverage and batch updates.
2. Data Intelligence Reports: Call-based pricing for various reports (Income, Spending, Balance, Recurring Transactions, Cross-Country, Contract Recognition, Risk Reports, DAC, KreditCheck, LoanValidator). Separate pricing groups A through G based on complexity. Volume discounts at higher call volumes.
3. Payment Services: Transaction-based fees for payment initiation (transfers, direct debits, bulk payments, instant payments). Different pricing for non-e-commerce vs retail/merchandise sectors. Add-on pricing when combined with Access.
4. KYC/Identity Verification: Per-call pricing for identity verification services including IBAN-Name-Check, GiroIdent (Basis, Plus, Jugendschutz, GwG) for various compliance levels.
5. PSD2 License: Monthly licensing fees for PSD2 registration services (KID, ZAD, or combined KID&ZAD) based on user/call/payment count tiers.
6. Demobank: Monthly subscription fees for Demobank (249 EUR) and Demobank Lite (99 EUR) test environments for developers.
7. Shopware Payment Plugin: Transaction-based revenue model with 0.4% of sales volume plus 0.15 EUR per transaction. No base fees, no fixed costs, monthly cancellable.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

finAPI is a BaFin-licensed Open Finance platform that provides PSD2-compliant APIs for banking data access (Account Information Services), payment initiation (Payment Initiation Services), KYC/identity verification via online banking, and AI-powered financial data intelligence. The modular platform offers Banking-API (Access), XS2A Server for banks, PSD2 License as a Service, Data Intelligence (categorization, cashflow, risk, contract detection), GiroIdent KYC, Payment API, and VoP services across 13 European countries.

Product overview

finAPI is an Open Finance platform providing modular API-based solutions for banking data access, payment initiation, identity verification, and data intelligence. The core offering consists of Open Banking API (Access) for account information services (AIS) and payment initiation services (PIS), supplemented by Data Intelligence module for account analysis, KYC/GiroIdent for identity verification, and Payment API for account-to-account transactions. Products are available as direct API integration or Zero-Integration widget solutions. The platform operates across 13 European countries and is licensed by BaFin as both Kontoinformationsdienst (KID) and Zahlungsauslösedienst (ZAD).

Differentiator

Problem solved

Functional benefit

Products and services

• Open Banking API (Banking-API / Access) PSD2-compliant REST API enabling access to bank account data including current accounts, savings, securities, loan, credit cards, and building society accounts across 13 European countries. Access B2C covers private accounts; Access B2X covers private and business accounts. Includes batch update capabilities and international country add-ons. For businesses and developers building financial applications.
• XS2A Server für Banken PSD2-compliant XS2A interface for banks based on Berlin Group Standard, enabling Third-Party-Providers (TPPs) to access account information and initiate payments. Includes TPP authentication, authorization, and rights management. Licensed to banks needing PSD2 compliance.
• PSD2 License as a Service PSD2 licensing service providing Account Information Service (AIS) and Payment Initiation Service (PIS) BaFin registrations (KID and ZAD) for companies that need regulatory authorization without obtaining their own BaFin license. Includes finAPI Webform for end-user account access.
• Data Intelligence API Account analysis and reporting module for AI-powered transaction categorization (200+ B2C/B2B labels with up to 99% accuracy), cashflow analysis, risk analysis (chargebacks, seizures, gambling, debt collection), and contract detection (loans, insurance, leasing, subscriptions). Powers credit decisions, financial assessments, and process automation. Available as API integration or Zero-Integration widget.
• KYC / GiroIdent Identity verification platform with four variants: GiroIdent Basis (name/address check), GiroIdent Plus (full identification), GiroIdent Jugendschutz (age verification, positively evaluated by KJM), and GiroIdent GwG (AML-compliant). Enables Know Your Customer compliance via online banking for businesses requiring identity verification.
• Ident & Pay Combined identity verification and payment initiation in a single step, enabling online shops to verify customers and accept payment via bank transfer without requiring users to leave the merchant website.
• Payment API Account-to-account payment module supporting SEPA transfers, direct debits, Instant Payments, scheduled transfers, standing orders, and bulk payments. Enables payment initiation without intermediaries for e-commerce, accounting, and financial use cases.
• VoP-Service (Verification of Payee) Verification of Payee (VoP) service for banks and Third-Party-Providers, providing regulator-compliant payee verification to reduce misdirected payments and fraud before transactions are executed.
• finAPI Demobank Developer test environment simulating real-bank Open Banking connections for testing applications before going live. Demobank Lite (EUR 99/month) and full Demobank (EUR 249/month) tiers available, with sandbox access included free during contract term.
• Shopware Payment Plugin E-commerce plugin integrating SEPA transfer and Instant Payment into Shopware checkout, providing fast, cost-efficient, and low-risk payment option. Transaction fee of 0.4% of sales volume plus EUR 0.15 per transaction. Available in 12 European countries and 11 languages.

Quantifiable outcome

• 98% of incoming payments automatically booked (manubu case study)
• +3 more outcomes

Named customers15 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability8 records

Feature9 records

Partnerships

Four partnerships are on record, tiered core and minor.

• VR Bank HessenLand eGcoreTechnology or IntegrationVR Bank HessenLand uses KreditCheck for digital creditworthiness assessment for construction and real estate loans, enabling paperless credit checking process.
• DKBcoreTechnology or IntegrationDKB integrated finAPI XS2A server for PSD2-compliant XS2A interface enabling stable, fast, and seamless cooperation with regulated third-party providers.
• SchufacoreTechnology or IntegrationSCHUFA partnership for LoanValidator product enabling matching of account-detected loans with SCHUFA-reported loans for enhanced credit assessment. Also joint development of GwG-compliant online identification solution.
• Open Finance Association (OFA)minorStrategic or Co-development PartnerfinAPI is a founding member of the Open Finance Association (OFA), contributing to industry standards and advocacy for Open Finance in Europe.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Tink: Visa-owned European Open Banking platform offering AIS, PIS and data enrichment across 20+ markets. Most direct competitor to finAPI's AIS/PIS proposition, with similar PSD2-licensed model and pan-European bank connectivity.
• TrueLayer: UK-headquartered Open Banking API provider for AIS and PIS, serving fintechs, lenders and merchants across Europe. Competes head-on with finAPI in payment initiation, data aggregation and checkout use cases.
• Salt Edge: Open Banking API and data aggregation provider active across Europe with strong presence in CEE and CIS markets. Directly comparable to finAPI on AIS, PSD2 connectivity and account data enrichment services.
• Plaid: Global Open Banking/data connectivity platform expanding aggressively into Europe. Overlaps with finAPI on bank connectivity, transaction categorization and lending risk data products, especially for cross-border enterprise customers.
• Token.io: Open Banking payments specialist offering A2A payment initiation and account-to-account checkout across the UK and EU. Directly competes with finAPI's Payment API and Instant Payment propositions for merchants and TPPs.
• Yapily: European Open Banking infrastructure provider focused on AIS/PIS APIs and data products. Closely comparable to finAPI on bank connectivity, PSD2 licensing-as-a-service and enterprise integrations across lending and payments.

Broad incumbents

• Mastercard Open Banking (Finicity): Mastercard's Open Banking arm, integrating Finicity, delivers global AIS/PIS and cash-flow analytics. A broad incumbent with overlap to finAPI's Data Intelligence and connectivity products, particularly for tier-1 financial institution clients.
• Klarna (Sofort): Klarna owns Sofort, one of Europe's largest account-based payment initiation products. Overlaps with finAPI on A2A payment initiation for merchants, although Klarna's primary proposition is consumer credit and BNPL rather than infrastructure.

Emerging players

• Banked: Open Banking payments platform providing pay-by-bank and A2A payment APIs for merchants and fintechs. Comparable to finAPI's Payment API and Ident & Pay propositions, though with a narrower geographic footprint.

Regional players

• Belvo: Latin America's leading Open Banking API platform for AIS/PIS and data enrichment. Highly comparable product architecture to finAPI, but focused on LATAM rather than direct European competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/finapi

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about finAPI