back Back

Fat Zebra forays into Open Banking with the acquisition of Adatree

By Gloria Mathias

February 06, 2024

  • Adatree
  • Aussie Broadband
  • Australia-based FinTech

Fat Zebra, Adatree, FinTech Acquisition News, Payments Processing, Fintech News, Fintech Australia, Australian FinTech Fat Zebra has announced the acquisition of Adatree, an accredited data recipient transforming data solutions within the Consumer Data Rights (CDR) framework.

Fat Zebra has collaborated with Adatree to enhance its payment services. This acquisition will enable the Australia-based FinTech to provide open data and payment services, further enhancing our offerings to benefit our valued customers.

Pred Dragila, CEO, and founder of Fat Zebra, expressed enthusiasm about the synergies between the two companies, stating, “Open data and open payments are the future of the financial landscape. This acquisition positions Fat Zebra to drive smarter, data-driven payments in Australia, offering enhanced services to our clients and partners.”

Fat Zebra, known for processing payments for over 30,000 SME and enterprise Australian merchants, boasts an impressive customer base, including PayPal, Macquarie Bank, Aussie Broadband, MYOB, and Zip. The company handles over 250 million e-commerce transactions annually in Australia, establishing its role as a major player in the payments industry.

Entering the world of Open Banking signifies an important step for the future of Fat Zebra, aiming to seamlessly integrate consumer data-driven services alongside its payment solutions. This move will give businesses a more robust future-thinking solution, providing greater insights into their payments and customers.

Jill Berry, CEO and co-founder of Adatree shared, “We are thrilled about this opportunity and what it means for our team, company, and product roadmap. Joining forces with Fat Zebra allows us to accelerate our mission of advancing open banking and data-driven solutions. This will enable the development of features to make payments smarter, showing immediate synergies and benefits with the companies joining.”

The acquisition aligns with the rapid progress of Open Banking, bridging synergies between data and payment companies. This collaboration sets the stage for a dynamic product roadmap, harnessing the strengths of both organisations to create solutions in the evolving financial landscape. Currently, Adatree is connected to 114 data sources, which cover 99.73% of the household banking market share. Open Energy has recently gone live with Australian energy companies in November 2023.

Previous Article

February 06, 2024

BNY Mellon & Microsoft to expand capital markets data & analytics platform

Read More
Next Article

February 06, 2024

Magnati & Al Etihad Payments to offer instant digital payments to merchants in the UAE

Read More

IBSi Daily News Analysis


July 19, 2024


SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Sopra Banking Software partners with Finom

Read More


FinTech Focus: Catch latest developments of the week

Read More


Paysys Labs & Raqami Islamic Digital Bank to fuel digital payments in Pakistan

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024