Natech Banking Solutions
Overview
Natech Banking Solutions, established in 2003, is a Greek fintech company specializing in core banking and digital solutions for financial institutions. Founded by Thanasis Navrozoglou and based in Ioannina, Greece, Natech aims to empower financial institutions with advanced, API-driven, cloud-native ecosystems. As of July 2025, Natech has successfully raised over €28.1 million in its latest funding round, positioning itself as a significant player in Europe's banking technology sector.
Recent Developments
- June 2025: Natech successfully closed a Series B funding round, securing over €28.1 million (€22.1 million in equity and €5.9 million in low-interest debt). The funding aims to expand its AI-enabled banking tools and increase its market presence across Europe.
- April 2024: Natech's joint venture, Snappi Bank, developed in collaboration with Piraeus Financial Holdings, received a universal banking license from the European Central Bank, establishing it as a digital bank in the Eurozone.
- March 2023: Natech completed a €10 million fundraising via a private convertible bond issue, marking an initial milestone toward its current Series B funding. This facilitated the launch of Banking-as-a-Service (BaaS) products.
- 2024-2025: The company announced significant advancements in AI capabilities across its product suite, enhancing digital banking solutions utilizing machine learning and natural language processing.
- July 2025: With a strategic plan for a Series C funding, Natech intends to further its international expansion efforts and solidify its role in Europe's financial services landscape.
- Corporate Leadership: The appointment of George Nikolaropoulos as CTO and George Rogkakos as CPO emphasizes Natech's commitment to innovation and product development.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2003 |
| Headquarters | Ioannina, Greece |
| Founders | Thanasis Navrozoglou |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Piraeus Financial Holdings, Orasis Fund, George Moundreas Family Office |
| Industry | FinTech, Software Development |
| Number of Employees | Approximately 200+ |
Early History
Natech was founded in 2003 by Thanasis Navrozoglou with the goal of developing robust banking technology solutions tailored to small and midsize financial institutions in Greece. The initial mission was to streamline banking processes and enhance customer service through technology. By 2010, Natech had partnered with Microsoft, becoming a Microsoft Silver ISV Partner, which allowed it to expand its technological capabilities. The company rapidly gained a foothold in the Greek financial market, serving several cooperative banks and quickly developing its technology suite for modernized transaction processing.
Company Profile and Achievements
Natech's core offerings lie in providing a comprehensive banking software suite that supports various financial processes, including core banking systems, digital banking interfaces, and anti-money laundering solutions. Its business model focuses on leveraging cloud-native, modular technology that allows banks to deploy financial products efficiently and at scale. Key achievements include:
- Collaborations and Ventures: The creation of Snappi Bank with Piraeus Financial Holdings shows Natech's expansion into the realm of digital neobanking.
- Innovation in Banking Technology: Introduction of AI-driven features across core banking processes to enhance operational efficiency and customer interactions.
- Expansion Milestones: Securing multiple rounds of funding and technical partnerships to deepen its presence not only in Greece but also in key European markets.
- Market Position: Recognized as a significant player within the embedded finance market projected to grow substantially globally by 2030.
Current Operations and Market Position
Natech continues to operate at the heart of fintech innovation, focusing on delivering cutting-edge solutions in banking technology. The company's engagement in BaaS and modular banking prepares it to meet the growing demands of embedded finance. Natech's AI advancements contribute to its competitive edge, catering to financial institutions that require swift, secure digital solutions. With its robust platform and strategic joint venture initiatives, Natech is evolving from a national fintech firm to a European leader in banking technology.
Conclusion
Natech Banking Solutions stands as a hallmark of innovation in the fintech industry, bridging the gap between traditional banking and modern digital capabilities. As it charts a path of global expansion and technological advancement, Natech's continued focus on AI and BaaS promises to redefine financial services across Europe and beyond, positioning it to support the needs of an ever-evolving digital banking landscape.