Natech, the leading provider of core banking systems to small and medium-sized financial institutions, has raised €10 million through a private convertible bond issue.
This transaction is the first milestone towards the completion of Natech’s Series B fundraise and will support its European expansion plan and the launch of its Joint Venture with Piraeus Bank to start offering Banking-as-a-Service (BaaS) products in Europe and was supported by international and private institutional investors alongside existing shareholders.
This private convertible bond was oversubscribed and was led by Orasis Fund alongside George Moundreas Family Office, with Codrus Capital and existing shareholders also participating. BNP Paribas is acting as sole financial advisor to Natech in this fundraising process.
Read the press release.
BNP Paribas is acting as sole financial advisor to Natech in this fundraising process.