Greek core banking company Natech has successfully raised over $33 million in a Series B funding round. This capital injection includes $26 million in equity and $7 million in long-term, low-interest debt, finalized just before the launch of Snappi, a fully licensed digital bank in the EU that is a collaborative effort between Natech and Piraeus Financial Holdings.
With a client base of 40 banks across Europe, Natech is actively gearing up for its next funding round, aiming to enhance its footprint in key European markets such as Germany, Italy, and Central Eastern Europe. This effort will also bolster the expansion of its modular Banking-as-a-Service product offerings.
Mathias Schütz, Chief Revenue Officer and Deputy CEO of Natech, commented, “This funding milestone underscores Natech’s strategic and well-structured growth plan. Our forthcoming Series C round is a logical progression in our strategy, providing essential capital to accelerate Natech’s international expansion and fully leverage the opportunities presented by Europe’s embedded finance landscape.”