FT Partners The Only Investment Bank
Focused Exclusively on FinTech
  • San Francisco
  • New York
  • Miami
  • London

FT Partners Advises Judo on its Sale to Fabrick

Overview of Transaction

  • On May 17, 2023, Judo announced that it had agreed to be acquired by Fabrick in a part cash, part stock transaction
  • Judo’s management will continue to be highly involved in the consolidated entity (along with Fabrick’s existing open payments platform, Axerve)
  • Founded in 2012, Judo is a payment services provider (“PSP”) offering mobile and digital checkouts, fraud prevention, and additional services to improve end-to-end customer experience; it serves mainly UK SMEs with gateway-only, as well as gateway and acquiring solutions
  • Fabrick, part of the Italian privately-held banking group Banca Sella, offers an Open Finance ecosystem, which is comprised of payment orchestration, open banking, consulting and challenger banking solutions

Significance of Transaction

  • The acquisition of Judo will allow Fabrick to expand its Open Finance ecosystem, furthering its mission to foster the co-creation of innovative services and products in the payment space
  • Judo will work alongside Axerve, Fabrick’s Open Payments subsidiary, and it will allow the Group to:
  • Continue its path of successful modular growth, by onboarding Judo’s merchants on its platform and giving them access to a broader suite of services
  • Further its geographic expansion plans, consolidate its leadership position in Italy, and enter the UK market through an established player

FT Partners' Role

  • FT Partners served as exclusive financial and strategic advisor to Judo on its sale to Fabrick, as well as on prior capital raises
  • This transaction highlights FT Partners' deep expertise in the Payment space, as well as our successful track record generating favorable outcomes for leading companies in the space