N5 will invest up to US$20 million in Argentine companies in this sector

N5, an IT company specialized in the financial industry, announced its new expansion strategy through the acquisition of Argentine software and professional services companies linked to the finance sector with a preference for those that already have an annual income of at least US$1 million.

With the aim of strengthening its presence in Latin America, the organization seeks to accelerate its growth and promote innovation in solutions for an industry that is evolving by leaps and bounds.

To meet this goal, it will disburse $20 million throughout 2024. Interested parties will be able to complete a form for a pre-evaluation.

N5 to invest up to US$20 million in Argentine IT companies

“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.

With a robust structure to meet high customer demand, N5 sees these acquisitions as an opportunity to develop solutions increasingly tailored to the specific needs of the industry.

The company acquisition strategy aims to boost N5 to consolidate its market leadership and accelerate its growth. The investment in Argentine companies follows an investment round in September 2023.

N5 Now to invest up to $20 million in IT companies linked to the financial sector

“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,” Colombo highlighted.

He added: “Our north star continues to be how we can deliver even more value to our customers, enhancing our services and solutions to meet their needs effectively.”

The multinational, with a presence in 15 countries, has already started talks with potential candidates and is looking for other companies to apply for the program.

In the first weeks of 2024, N5 added more than six big names in the regional financial industry to its client portfolio, which already includes companies such as:

• BCP
• Santander
• Interbank
• Mastercard
• Itaú
• BCI

In turn, the company projected 300% growth by 2024.

For comparison, last year alone it saw a 275% increase in its number of customers.