Phaistos Investment Fund is co-investing in Natech, a Greek fintech company that is transforming the banking experience
Phaistos Investment Fund has announced a co-investment in Natech, one of Greece’s most innovative fintech companies.
Based in Greece and international markets, Natech has developed mobile-first banking solutions that enable financial institutions to offer their customers a seamless, fast and secure digital experience. Natech’s fully integrated software portfolio covers all industry needs, including Core Banking systems, advanced solutions for Retail & Business Banking, Microfinance, Anti-Money Laundering (AML) and Banking as a Service (BaaS) models.
The global fintech market is growing at a rate of over 15% per year and is expected to exceed $600 billion by 2030. In this dynamic environment, Natech is expected to stand out as a leading provider of next-generation financial services with proven reliability and partnerships with organizations such as BMW Financial Services and Ziraat Bank.
The use of 5G technology in Natech’s solutions is expected to provide even greater flexibility and transactions protection, further strengthening the company’s position as a pioneer in the fintech sector.
Meanwhile, Natech maintains a significant stake in Snappi, an innovative Greek neo-bank licensed by the European Central Bank that is transforming the relationship between users and their banks by offering a new, fully digital experience.
About 5G Ventures S.A. and Phaistos Investment Fund
5G Ventures S.A., a Hellenic Corporation of Assets and Participations subsidiary, manages Phaistos Investment Fund and signals an innovative approach in supporting a thriving 5G ecosystem in Greece. Phaistos Fund supports enterprises that develop 5G-related products & services and is an effective bridge between State & Private investments, as it brings together the best of the two worlds. It offers unique capabilities and, through its focus on 5G market, Phaistos is best positioned to produce remarkable returns as well as national economic growth. More information about 5G Ventures and Phaistos Fund are available on www.5gventures.gr website, LinkedIn (www.linkedin.com/company/5gventures/) and Twitter (twitter.com/5GVenturesSA).
