finAPI
Munich open banking API with a BaFin payment institution licence, German-hosted servers and a published per-user price list
Quick Overview
| Company | finAPI GmbH |
|---|---|
| Category | Open Banking APIs |
| Headquarters | Munich, Germany |
| Founded | Not stated |
| EU Presence | Yes - Germany (EU) |
| Data Location | Servers located in Germany, according to the vendor |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Banking API, PSD2 licence for customers, XS2A server for banks, categorisation, cash flow analysis, contract detection, risk analysis, GiroIdent identity check, SEPA transfer and direct debit |
| Pricing | From EUR 60 per month (B2C basic licence up to 200 users); EUR 100 per month for B2X; 30-day free trial |
| Best For | German and DACH companies that want bank data, a licence and identity checks from one German vendor |
| Replaces | Plaid, Tink |
Detailed Review
finAPI's own page says it has been operational since 2008, which puts it among the oldest bank-data APIs in Europe. It lists more than 100 million potential bank accounts, over 20 million daily API calls and a BaFin-licensed payment initiation provider status next to a BaFin-registered account information role.
Its price page is unusual in this category: monthly licences by user count, add-ons for extra countries and batch refreshes, and per-report prices for the analysis modules.
Price List You Can Read
Access B2C (private accounts) starts at EUR 60 per month for up to 200 users and EUR 300 per month for up to 1,000 users; Access B2X (private and business accounts) is EUR 100 and EUR 500. Beyond 1,000 users the price is per user, falling from EUR 0.30 to EUR 0.15 for B2C.
Add-ons such as International (extra countries) and Batch (up to four automated updates a day) are priced separately. The page does not state whether the figures exclude VAT.
Licence and Identity Checks
Customers can operate under finAPI's PSD2 licence, and banks can buy an XS2A server for their own PSD2 interface. GiroIdent uses account analysis and SCHUFA data to identify customers and business partners, a German use case with little equivalent among UK-led vendors.
Data Intelligence
Categorisation, cash flow analysis, contract recognition and risk analysis are sold as separate report modules in price groups, with no extra Access licence needed for reports according to the price page.
Limitations to Consider
The product is strongest in Germany and neighbouring markets; the vendor sells further countries as an add-on, so Nordic or UK-wide coverage needs checking per project. The documentation and price page lean on German banking concepts. For UK-first payments Yapily or TrueLayer fit better.
Who Should Use finAPI
German and Austrian fintechs, accounting software vendors and lenders that want a licensed bank-data vendor in Germany with prices they can calculate before talking to sales.
Pros and Cons
Pros
- Published price list by user tier
- BaFin-licensed payment initiation provider
- Servers located in Germany
- Analysis modules and SCHUFA-backed identity check
- 30-day free trial
Cons
- Extra countries are a paid add-on
- German-market focus
- VAT treatment of listed prices not stated
- Per-user model can grow expensive at consumer scale
Alternatives to finAPI
Other European open banking apis worth comparing before you decide:
Yapily
United Kingdom · Open banking data and payments through one API, with FCA-authorised Connect option
TrueLayer
United Kingdom · London Pay by Bank network with a Data API and verification products
Powens
France · French open finance platform for bank data, payments and identity checks
Enable Banking
Finland · Finnish AISP with one PSD2 API to 2,700+ banks in 30 countries
See all European open banking apis or compare them directly against Plaid on our alternatives page.
Frequently Asked Questions
The price page lists a B2C basic licence at EUR 60 per month for up to 200 users and EUR 300 per month for up to 1,000 users, with B2X at EUR 100 and EUR 500. Per-user prices apply above 1,000 users.
Yes. The vendor says customers of its software can also use its PSD2 licence.
The vendor states that it uses servers located in Germany.