Bitpanda and Fabrick join forces to offer digital asset investing
By Joy Dumasia
Digital investment platform Bitpanda and leading Italian Open Finance provider Fabrick announced that they had joined forces to facilitate digital asset trading for the end-consumers of traditional Italian banks and FinTechs. This strategic white label partnership enables these institutions to offer their customers access to a portfolio of more than 170 digital assets through Bitpanda’s innovative White Label Solution that is helping to democratise investing.
Bitpanda has grown into Europe’s leading investment platform that gives everyone the freedom and flexibility to invest in what they believe in commission-free fractional stocks, cryptocurrencies, or precious metals, from as little as 1€.
Fabrick, a European pioneer in Open Finance, is the first publicly announced partner to use Bitpanda’s White Label Solution. Through this collaboration, Fabrick will connect its services to Bitpanda’s backend tech through a set of APIs.
This partnership allies two of the most transformative developments in finance: accessible investing and the move towards Open Finance. Bitpanda’s growth illustrates how mainstream retail investing has become and the growing desire amongst investors to take the reins of their investments. The partnership will enable significant investors to access digital assets trading, which complements Open Finance’s end goal of empowering customers.
Orlando Merone, Country Manager Bitpanda Italy, said: “Bitpanda has been successfully enabling people to invest in cryptocurrencies, commission-free fractional stocks, ETFs, and precious metals through its investment platform used by more than 3 million users across Europe. We are delighted to announce our strategic partnership with Fabrick, which will accelerate the digital transformation of the Italian banking ecosystem, enabling both established and innovative players to offer their clients digital assets, as well as custody and wallet services.”
IBS Intelligence reported that Bitpanda, the European digital investment platform and Austria’s first unicorn, has named Irina Nicoleta Scarlat as its first Chief Growth Officer (CGO), effective immediately. Irina will take over Bitpanda’s business development and marketing teams, overseeing and driving the company’s expansion plans.
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