Greek fintech Natech raises €33M in Series B to fuel global expansion, enhance its AI-driven banking platform, and enter the U.S. market.
👯 Founder(s): Thanasis Navrozoglou (CEO & President), Dimitris Navrozoglou (CFO & Vice President)
🏭 Industry: Fintech / Banking Technology
💥 Problem: Traditional banks and financial institutions struggle to keep up with digital transformation, requiring flexible, scalable, and efficient core banking and embedded finance solutions.
📣 Solution: Natech delivers modular, cloud-native banking platforms and Banking-as-a-Service (BaaS) tools that enable banks and fintechs to rapidly deploy customer-centric financial products with competitive cost and scalability.
👥 Customers: Financial institutions including digital banks, subsidiaries of OPAP (Tora Wallet), ELTA, BMW Financial Services, Credit Agricole, and Ziraat Bank.
🎳 Team size: Approximately 200+ employees
🌱 Stage: Series B
💰 Investment amount: €33M (Series B: €26M equity, €7M long-term debt)
🚀 Funded by: Spyros Margaris, Haris Antoniou, Greek VC and institutional investors
💡 It will be spent on:
- Enhancing go-to-market and responsiveness to client demand
- Accelerating R&D in AI, BaaS, and modular banking tech
- Expanding presence in Germany, Italy, Central & Eastern Europe
- Preparing expansion into the U.S. market
- Strengthening position in embedded finance, projected to surpass $7T globally by 2030
💬 In their own words:
“This funding round is a strong vote of confidence in our team, our strategic partners and the common vision we share with our customers.” – Thanasis Navrozoglou, CEO
💪 Their specialty: Natech is an active player in cloud-native core banking and embedded finance, with a modular platform that supports innovation for financial institutions. Its 100% customer retention across 40 clients attests to its technical excellence and adaptability. Natech also co-develops BaaS services with Piraeus Bank under the Snappi brand.
🔑 Business model: B2B SaaS – charging financial institutions for core banking platforms, BaaS infrastructure, and modular solutions via licensing and service fees.
📊 Traction:
- 40 financial institution clients
- 100% customer retention
- Expected €20M revenue in 2025
- Offices in Greece, Germany, and Switzerland
- U.S. market entry planned within 2 years
📈 Funding so far: €37 million
