Natech Banking Solutions, a banking technology platform based in Greece, has closed its Series B funding round by securing over $33m.  

The capital consists of $26m in equity and $7m in “long-term, low-interest” debt, supported by a consortium of investors from the banking and fintech ecosystem. 

The funds were raised ahead of Snappi’s public launch, a joint venture between Natech and Piraeus Financial Holdings, which was granted a universal banking licence by the European Central Bank in July 2024. 

Natech aims to further develop its AI-enabled technology and expand its international market presence, while expecting forthcoming Series C round to enhance the company’s banking-as-a-service (BaaS) initiatives . 

The recent investment will enable Natech to scale its go-to-market and delivery capabilities, speed up research and development in AI, BaaS, and composable banking solutions.  

It will also strengthen Natech’s position in the embedded finance market and bolster its foothold in key European regions such as Germany, Italy, and Central Eastern Europe. 

Natech CEO and 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.” 

Natech CFO & vice chairman Dimitrios Navrozoglou stated: “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. 

Natech’s initial fundraising occurred in 2023, where it secured €10m through a private convertible bond issue.