Adatree, an open banking facilitation startup, has been acquired by Sydney-based payments fintech Fat Zebra, marking the latter’s first acquisition. Adatree, the first early-stage startup approved to participate in Australia’s open banking system, provides a scalable technology platform for accessing and leveraging banking data through a single API. The acquisition aligns with Fat Zebra’s strategic vision to integrate Consumer Data Right (CDR)-powered services alongside its payment solutions, signaling a broader trend towards data-driven payments in the financial landscape.
Open Banking Startup Adatree Acquired by Payments Fintech Fat Zebra
