This is their first fundraise since launching in 2018
IN BRIEF:
- Fabrick has raised €40m from Mastercard and other unnamed investors
- Mastercard and the other investors are gaining a minority stake in the business, remaining part of Sella Group
- Mastercard and Fabrick have been working together since 2019 and announced that they’d “expanded” their partnership on Wednesday
What does this mean?
“Our work with Fabrick and the digital financial services we will develop together, will support our collective goal to offer digital payment solutions to businesses and to deliver a seamless experience for their customers in a time of need,” Mastercard Italy country manager Michele Centemero said.
