Greek FinTech firm Natech Banking Solutions, a banking technology platform, has reportedly announced the successful completion of its Series B capital increase.
The company has raised over €28.1m in growth funding, including €22.1m in equity and €5.9m in long-term, low-interest debt, according to a report from EU Startups. The round closed ahead of the public launch of Snappi Bank, Natech’s joint venture with Piraeus Financial Holdings.
Founded in 2003, Natech Banking Solutions helps financial institutions compete in a rapidly changing banking environment. The company offers a modular, API-driven ecosystem that allows banks and FinTechs to launch financial products, modernise operations and scale quickly across Europe.
Natech will use the new capital to expand its go-to-market and delivery capabilities. It also plans to increase R&D efforts in AI, Banking-as-a-Service (BaaS) and composable banking, as well as strengthening its position within Europe’s embedded finance market, which is forecast to exceed €5.9tn globally by 2030. The company will also deepen its presence in key markets, including Germany, Italy and Central Eastern Europe.
Natech currently powers multiple financial institutions across Europe and maintains a 100% customer retention rate.
Natech CEO & chairman Thanasis Navrozoglou said, “This round is a strong vote of confidence in our team, our partners, and the vision we share with our customers.
“Over the years, we’ve grown side-by-side with banks and FinTechs, often working through real-world challenges together. I’m deeply grateful for the trust placed in Natech, and excited to deliver unlimited opportunities for our clients, our people, and Europe’s next wave of digital innovation. After all, we are not just investing in great technology, but in the relationships and the future we’re building together.”
Natech CFO & vice chairman Dimitrios Navrozoglou said, “This funding round represents a defining moment for Natech and for me personally. The significance of this raise goes far beyond the capital itself, being a clear endorsement of our strategy and Natech’s long-term business plan. It empowers us to accelerate, strengthen our foundations, and invest in areas that will deliver sustainable value for years to come.
“I am incredibly proud of what we’ve achieved so far, and even more excited about what’s ahead for our company, our people, and our partners.”
The company is now preparing for its Series C round, which will further support its AI-enabled technology and efforts to expand its international market reach while advancing its BaaS offerings.
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