CEO & Co-Founder Nikos Mavraganis Discussed the Company’s Growth and Plans in an Interview with Naftemporiki TV
FINARTIX targets 30%+ annual growth, with a 39-strong data and AI team and expansion into new sectors and markets.
Athens, January 2026 – FINARTIX, a Greek company specialising in banking technology, is approaching €7 million in turnover for the financial year ending June 2026. Over the past five years it has grown by an average of more than 45% a year. CEO and co-founder Nikos Mavraganis described the company’s path and its next steps in a recent interview with Naftemporiki TV.
From an opportunity to a 115-person company
Mavraganis and Chairman Andreas Diamanteas founded FINARTIX in October 2019. Each has more than 30 years of experience in banking technology. Weeks after launch, the pandemic hit. In April 2020 the founders brought in a large European group as a shareholder, which gave the young company stability and helped it attract talent. In June 2024 they bought those shares back through a management buyout.
The company now employs about 115 people. It also has a subsidiary in Cyprus that has been profitable since it was founded about three years ago. FINARTIX itself has been profitable since its first financial year.
“For the next five years we expect to keep growing at more than 30% YoY,” said Mavraganis.
Focused on specialised banking technology
FINARTIX works in specialised areas of banking technology, including payment systems, card management and transaction disputes. It offers both its own products and products it represents for other vendors. Its client base is focused and made up of large organisations, including two systemic banks and three of the Big Four firms. The company also works on a major bank transformation project with one of the world’s largest system integrators, and on a large card-management project with an international partner.
“We are not a supermarket of products and services, and we don’t want to become one,” Mavraganis said. “We focus on work that adds real value. What sets us apart is quality, know-how, speed and reliability. What we say, we do.”
Data and AI as a growth driver
The data, machine learning and AI team has grown from three people two years ago to 39 today, a third of the company. On the market’s view of AI, Mavraganis said: “AI isn’t coming. It’s already here, and companies are investing in it. But it takes time to deliver real value. Putting ‘AI company’ on your website doesn’t make you one.”
New sectors, EU projects and international expansion
Over the past 18 months, FINARTIX has started applying its data analytics and AI expertise outside financial services. Working with large consulting firms, it has entered industry, with a solution for scrap management, and healthcare, with work for hospitals. The company is also taking part in EU-funded projects that typically run for four years, and it is developing its own products with potential in international markets.
Expanding abroad was part of the original business plan but was delayed by the pandemic. That expansion is now under way: Andreas Diamanteas will join a business mission to East Africa, a region he knows well from earlier in his career.
Mavraganis also credits the company’s success to a deliberate talent strategy that blends highly experienced senior banking technology professionals with fresh, innovative minds.