The N5 company plans to invest in technology organizations. Interested entrepreneurs and companies can register to be pre-evaluated.
The technology company N5, specialized in the financial industry, announced on Wednesday its new expansion strategy through the acquisition of Argentine software and professional services companies related to the financial sector, with preference for those that already have an annual income of at least $1 million.
With the aim of strengthening its presence throughout Latin America, N5 noted that it will seek to accelerate its growth and promote innovation in solutions for an ever-changing industry. To meet this goal, it will disburse $20 million over the course of the year.
“Our focus is, and always will be, to offer something differentiated to our customers. And while N5’s philosophy is to build all the technology, there are some specific functionalities that we can complement more quickly in our solutions with the help of other skilled companies,” explained Julián Colombo, CEO and founder of N5.
The N5 plan in Argentina
N5 indicated that they see these acquisitions as an opportunity to develop solutions that are increasingly tailored to the specific needs of the industry.
“We have always been a company that acts with great caution, spending considerable time before making any decisions. We serve a traditionally risk-averse industry, which makes our assessment approach extremely prudent. Our guiding light continues to be how we can deliver even more value to our customers, enhancing our services and solutions to meet their needs effectively,” Colombo said.
The multinational, with a presence in 15 countries, has already started talks with potential candidates and continues to look for other companies.
Interested Argentine companies and entrepreneurs will be able to fill out an online form for a pre-evaluation (https://www.market.n5now.com/).
Likewise, N5 projects a 300% growth by 2024 and last year alone saw a 275% increase in its number of customers. Along these lines, in the first weeks of 2024, it added more than six big names in the Latin American financial industry to its client portfolio, which already includes companies such as BCP, Santander, Interbank Mastercard, Itaú and BCI.
N5, in full expansion
Founded in August 2017 by Julian Colombo, N5 is a software company specializing in the financial industry, dedicated to providing innovative solutions for the sector to adapt to a world in constant technological evolution. The company is present in more than 15 countries and experienced atypical growth, with rates of 200% per year.
N5 offers a Systematics Platform exclusively for financial institutions. He recently integrated strategic partners such as Illuminate Financial, Exor Ventures, Madrone Capital Partners, LTS Investments and Arpex Capital. Its portfolio of clients of the platform and services includes companies such as: Mastercard, Santander, Credicorp Bank, Zurich, Sudameris, N26, Farmers Insurance, Banco Atlas and BCP.
