Across Europe, many small and mid-sized financial institutions continue to be constrained by legacy technology, high costs, and complex vendor ecosystems. This hampers their ability to compete, innovate, and participate in the rapidly expanding embedded finance market, which is expected to surpass $7 trillion globally by 2030. The Banking-as-a-Service (BaaS) sector in Europe alone is projected to generate €100 billion in annual revenue by 2030. Greek company Natech, the leading banking technology platform in Southern Europe, seeks to address this challenge.
A Natech representative explained exclusively to TFN, “Natech addresses two critical, underserved segments in the financial technology space. First, many small and mid-sized financial institutions across Europe lack access to modern, scalable banking technology due to high costs, long deployment cycles, and complex vendor ecosystems. Natech offers a fast-to-deploy, modular SaaS platform that dramatically lowers transaction costs and accelerates time-to-market. This levels the playing field, allowing smaller banks to compete with larger incumbents and neobanks without overhauling their entire IT infrastructure.”
The company continued, “Second, Natech provides the infrastructure for banks and non-banks to tap into Europe’s fast-growing Banking-as-a-Service (BaaS) and embedded finance opportunity — estimated to reach €100 billion in annual provider revenue by 2030. Through Snappi, the company offers a direct route to BaaS delivery across the EU, enabling clients to integrate regulated financial services into third-party platforms. In short, Natech is uniquely positioned to help financial institutions modernise affordably today, enabling them to capture future revenue streams in embedded finance.”
Earlier this week, Natech announced the successful completion of its $33 million Series B funding round, bringing total funding to $45 million. The round, comprising $26 million in equity and $7 million in long-term, low-interest debt, was led by a group of strategic investors across the banking and fintech ecosystem. Natech’s current valuation has not been publicly disclosed.
Founders’ drive: democratising banking technology
Natech was founded in 2003 by Thanasis Navrozoglou with a vision to democratize banking technology and empower regional financial institutions. Over the last two decades, he has led the company from a local IT supplier to a leading European banking technology platform, now serving over 40 institutions.
Thanasis brings deep strategic and product insight, having architected Natech’s transformation into a modular, API-driven, cloud-native platform. He is also one of the visionaries behind Snappi, the ECB-licensed neobank launched in partnership with Piraeus Financial Holdings, positioning Natech at the forefront of the BaaS and embedded finance movement.
Dimitrios Navrozoglou, CFO & Vice Chairman, has led Natech’s financial strategy and operations since 2014. A key figure in shaping Natech’s long-term business model and funding strategy, he successfully executed Natech’s financing rounds, including the recent $33 million Series B round.
Beyond finance, Dimitrios plays a strategic role in corporate governance and scaling operations in line with Natech’s expansion across Europe. His work ensures that Natech remains financially disciplined while investing in innovation, delivery capabilities, and market growth.
A Natech spokesperson shared, “Natech was founded with a mission to transform banking technology for small credit unions in Greece. As these institutions evolved into cooperative banks, so did our solutions, expanding to support their growth with comprehensive, modern platforms. It soon became clear that this need extended far beyond Greece. Across the financial industry, a large segment of banks and financial institutions remained underserved. That insight became our driving force: to build a world where technology empowers every institution, regardless of size, to compete, innovate, and thrive without limits.”
The Natech advantage: Fast, flexible, future-proof
Natech’s platform stands out by providing comprehensive, all-in-one solutions for banking through a modular design that ensures maximum flexibility and gradual integration. Fully developed with modern, cloud-native technologies, it can be deployed quickly, typically within 90 days or less, and features some of the lowest transaction costs available.
A Natech spokesperson elaborated, “What sets Natech apart is not just the tech stack, but the operating model. Our platform is API-first, BaaS-ready, and proven in real-world banking through Snappi. This deep integration of platform design, operational insight, and delivery excellence makes Natech uniquely positioned to support both traditional financial institutions and digital-first challengers.”
Natech is recognised for regulatory-grade compliance and security, including the most widely used AML tool in Greece, and has a proven track record with a 100% client retention rate, underscoring unmatched client satisfaction and support.
“Our platform is not just about technology — it’s about enabling relationships and future growth. With this funding, we’re not only scaling Natech but helping reshape the future of banking across Europe,” said Mathias Schütz, Chief Revenue Officer & Deputy CEO.
What’s next? Expanding reach and innovation
Looking ahead, Natech’s roadmap for the next three to five years is anchored in two core objectives. First, the company aims to deepen its presence in high-growth European markets, including Germany, Italy, and Central Eastern Europe, by scaling its go-to-market and delivery operations to serve more banks and fintechs with speed and precision. Second, Natech is investing heavily in the infrastructure, partnerships, and product innovation needed to lead the next wave of Banking-as-a-Service and embedded finance. This includes enhancing its ECB-licensed neobank Snappi, expanding its API ecosystem, and enabling banks and non-banks alike to deliver financial services seamlessly through any digital channel.
A Natech spokesperson concluded, “Our goal is to become the go-to technology partner powering the future of financial services—modular, intelligent, and borderless.”
“We’re investing in the infrastructure, partnerships, and product innovation needed to lead Europe’s embedded finance revolution. Our goal is to become the go-to technology partner powering the future of financial services — modular, intelligent, and borderless,” added Thanasis Navrozoglou.
“This funding round represents a defining moment for Natech and for me. It’s a clear endorsement of our strategy and empowers us to invest in sustainable value for our clients, our people, and our partners,” commented Dimitrios Navrozoglou, CFO & Vice Chairman.
