Spiros Margaris: Natech secures $33M to lead embedded finance
@SpirosMargaris: Natech secures $33M funding
Natech has successfully raised $33 million to spearhead Europe's embedded finance sector.
The funding round consists of a $26 million Series B equity and an additional $7 million in strategic debt, poised to enhance Natech's expansion across Europe. A key component of this growth strategy is Snappi, the ECB-licensed neobank developed in collaboration with Piraeus Bank. This investment is also set to accelerate the development of AI-powered banking technology aimed at revolutionizing the financial landscape.
Spiros Margaris, a well-respected figure in finance technology, highlights the significance of this funding in transforming the embedded finance ecosystem, underlining Natech's commitment to innovation and market leadership.
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Natech’s strategic focus on technological innovation and leadership within embedded finance mirrors broader trends observed in the sector. Similar themes emerged in the recent analysis of the controversy surrounding Scale AI’s operations and its potential consequences for the AI industry, as discussed in Spiros Margaris analyzes controversy at Scale AI. In addition, the balance between ambitious growth and workforce well-being—a challenge pertinent to rapidly scaling fintechs—was explored in Scale AI founder warning on work-life balance, offering timely context for the pressures facing companies at the forefront of digital banking innovation.
In the previous news, tweet author Spiros Margaris discussed the role of AI in boosting sectors.
