As part of its strategy to fuel its growth, the company plans to invest in technology organizations. Interested entrepreneurs can sign up to be pre-screened here
N5, a technology company specializing in the financial industry, announces its new expansion strategy through the acquisitions of software and professional services companies related to the financial sector, with a preference for those that already have an annual revenue of at least $1 million.
With the aim of strengthening its presence throughout Latin America, the organization will seek to accelerate its growth and promote innovation in solutions for this ever-changing industry. To meet this goal, it will disburse approximately $20 million over the course of the year. Interested parties can complete this form for a pre-evaluation.
“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,” explains 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 buyout strategy aims to boost N5 to consolidate its market leadership and accelerate its growth. The investment in Peruvian companies follows an investment round announced in September 2023.
“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 north star continues to be how we can deliver even more value to our customers, improving our services and solutions to meet their needs effectively,” says Colombo.
The multinational, with a presence in 15 countries, has already started talks with potential candidates and continues to look for other companies.
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 major names in the Latin American financial industry to its client portfolio, which already includes companies such as BCP, Santander, Interbank Mastercard, Itaú and BCI
