The acquisition enables Panini to evolve beyond its core offering and expand to a more secure, scalable, and innovative financial ecosystem at the service of banks, governments, and enterprises worldwide.
Turin, Italy (September 4, 2025)– Panini S.p.A., a global leader in check scanning and secure document digitization technologies previously owned by SETA Holding since 2008, has announced the sale of 100% of his share capital to Matica Fintec S.p.A., a world-leading designer, manufacturer and marketer of technology solutions for Financial and Government Institutions.
Celebrating its 80th anniversary this year, Panini stands as a symbol of continuous innovation and technological excellence. From its headquarters in Turin, Italy, and through its Panini North America subsidiary established in 1995 in Dayton, OH, the company has evolved from a local manufacturer to a trusted partner for financial institutions and organizations worldwide, renowned for its advanced imaging technologies and 80 years of innovation in payment validation and check truncation.
Fabrizio Rescigno, Chairman of Panini Board , commented on this transaction :
"Today the Panini company that is joining Matica Fintec is an example of Italian excellence: pioneer and world market leader in the field of check scanner designer and manufacturer, it exports more than 95% of its products out of Italy to the top international banking institutions and invests constantly in research and development to bring new technologies such as the BioCred/id recognition. Its multinational management and employees have demonstrated their strengths by gaining market share and exceptional financial results through all the challenges of the past years. Furthermore the contribution of the company to the communities around him in programs touching education (with SDA Bocconi), medical research (with the Mario Negri Institute) and several hospitals in Italy and the United States have helped create a strong and responsible internationally recognized brand. This merger with an equally strong company should bring an impressive development for the years to come”.
“Becoming part of the Matica Fintec group is an exciting next step for Panini,” said Richard Kane, CEO of Panini. “We share a commitment to customer success and secure innovation. Matica Fintec’s continuing investments in the U.S. market will provide an immediate impact to Panini’s current resources, support capabilities and customized solution offerings that our direct customers, value added resellers and integrators require in the fast-evolving world of fintech.”
The acquisition unites two trusted industry players with deep expertise in secure financial transactions, enhancing Matica Fintec’s banking‑infrastructure capabilities and positioning the company for accelerated growth in its core markets. Moreover, the integration of Panini brings an established and recognized presence in the marketplace and extensive value-added reseller partner network. This will enable Matica to sharpen its focus on the United States by further leveraging recent investments geared to improve customer support, sales and production capabilities through the South Carolina regional headquarter and delivery of smart card personalization software and state-of-the-art integration by the dedicated Minnesota based software team. Both Matica’s software dedicated team and the manufacturing plant in Usa will be a precious contribution to Panini Operations’ footprint and products’ development.
“Panini is a first-class company with a strong legacy in bank technology and long-standing relationships with major financial institutions,” commented Sandro Camilleri, CEO of Matica Fintec. “This acquisition perfectly aligns with our strategy to scale in the fintech space, especially in the U.S. market. It strengthens our portfolio and extends our leadership across the Payment and Identity ecosystem.”
This acquisition reinforces Matica Fintec’s commitment to its core markets, while creating one of the industry’s most comprehensive secure‑payment portfolios, spanning instant card issuance and onboarding to check imaging and branch automation.
The integration of Panini and Matica combines complementary capabilities, unlocking synergies that will accelerate innovation and growth, thus creating further value for customers and stakeholders of both companies.
Customers will keep collaborating with their established points of reference, now strengthened by additional expertise and resources drawn from key global hubs, ensuring faster, culturally attuned support wherever they operate thanks to the regional footprint.
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About Panini S.p.A.
Founded in Turin, Italy, Panini empower its Customers to securely manage high-value information and prevent fraud with our innovative solutions. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check, resulting in the world’s largest deployed base of check capture systems. Leveraging its expertise in imaging technology and deep knowledge of KYC processes, Panini has developed its own patented biometric method, BioCred. This innovation enabled the company to create a comprehensive secure identity solution, combining proprietary hardware and software. With its Secure Identity solutions, Panini continue to expand its portfolio, providing robust and reliable security for today's dynamic business landscape and a frictionless journey for users and customers.
www.panini.com
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About Matica Fintec S.p.A.
Matica Fintec S.p.A. is a world-leading fintech company specializing in secure digital payments, identity issuance, and smart card personalization. Headquartered in Galliate (NO), Italy, and publicly listed on Euronext Growth Milan (EGM), the company develops and manufactures hardware and software platforms for both instant issuance and centralized systems, supporting governments, financial institutions, and enterprises worldwide.
With its dedicated manufacturing facility in Galliate, Matica Fintec designs and produces innovative systems from the S7000 modular central issuance platform to the recently launched LX laser printer, the world’s most compact desktop laser. Thanks to its modular, open architecture, Matica Fintec solutions integrate seamlessly into diverse ecosystems, from secure ID to instant financial card issuance. As a member of the Matica Group, the company benefits from a global presence and strong engineering heritage, delivering trusted solutions with reliability, performance, and innovation at scale.
www.maticafintec.com
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