N5, the software company for the financial industry – which registers annual growth rates of 200% – managed to attract the attention of large investors in a recent financing round, generating interest eight times greater than expected. With the injection of capital, the company will seek to continue developing and meet the growing demand for its services.
“For some time now we have been experiencing an exponential increase in interest in our platform. This scenario pushed us to look for great partners who will allow us, with their strategic vision, to serve more clients and continue scaling our solution,” says Julian Colombo, CEO of N5, which has just announced the opening of 800 vacancies globally¨
The manager, with more than 20 years of experience in banks, confesses that the list of interested parties has increased significantly, with clients requesting the service in advance, so, to provide them with a response, they will use part of the capital injection to increase its presence in 15 to 25 countries.
The investors who participated in the round are: Illuminate Financial, a venture capital firm that has Limited Partners (LPs) from some of the largest financial institutions in the world, such as J.P. Morgan. Morgan Chase, Citi, Barclays, BNY Mellon, S&P Global and Jefferies; Exor Ventures, the venture investment arm of Exor N.V., a holding company controlled by the Agnelli family and a shareholder in Ferrari, Stellantis, CNHI and The Economist; Madrone Capital Partners, a private equity firm associated with the Walton family, majority shareholders of Walmart; LTS Investments, the investment holding company of the Lemann, Telles and Sicupira families; Arpex Capital, the investment holding company of entrepreneurs André Street and Eduardo Pontes; and Overboost, an accelerator and specialist in the development of digital projects with more than eight years of experience in the venture capital market.
The N5 Now platform was recognized by Microsoft in 2022 for the benefits that customers experienced when implementing the solution that allows breaking down the natural barrier that prevents, for example, a bank from innovating, as it frees these institutions from the complexity of their systems. inherited.
