Fabrick Acquires Mobile Payments Firm Judopay, Expands Footprint in the UKby Fintechnews Switzerland May 17, 2023
Fabrick, an Italian open banking solutions provider, announces that it has acquired UK-based mobile payments company Judopay. Details of the transaction was not disclosed.
This acquisition marks an important step in Fabrick’s expansion into the UK market. Judopay will continue operating under its own brand once the deal has been finalised.
This deal will allow Fabrick’s Payment Orchestra™ to benefit from Judopay’s innovation expertise in digital commerce.
Fabrick said that with this acquisition, it will be able to define new models and standards to provide smoother payment solutions, frictionless processes, and seamless check-out experiences for both merchants and customers alike.
The acquisition of Judopay will expand Fabrick’s proprietary technology enabling the company to offer a better service to merchants who will be able to manage more efficiently all the financial and data flows involved in the payments process from a single point, even when taking payments from multiple gateways.
Judopay currently handles over 60 million transactions a year worth over €2 billion and has partnered with major companies such as KFC, PaybyPhone group, and Autocab.
The company has also been a launch partner for Apple in launching Apple Pay in-app payments in the UK, and Mastercard to enhance Click2Pay and Pay by Bank App.
Paolo Zaccardi, CEO, and Co-Founder of Fabrick commented,
“At Fabrick, we have always seen the governance and development of new payment methods and processes as a cornerstone of the new era of embedded finance enabled by evolving models.
In this regard, the platform developed by Judopay seamlessly integrates and enhances our Payment Orchestra™ solution and is in line with our strategic vision of Open Payments.
Jeremy Nicholds, CEO of Judopay, commented,
“Joining a company like Fabrick provides a great opportunity for us to enhance our solutions and platform and work with more companies in more markets in Europe.
Thanks to the integration of our solution with those of Fabrick we will be able to find new tools and ideas to support and manage their customers and all merchants”.
Featured image credit: Paolo Zaccardi CEO, and Co-Founder of Fabrick, Jeremy Nicholds CEO of Judopay. Background image edited from Freepik