Founded in 2017 by executives who come mainly from the banking sector, with the aim of transforming the industry.
N5 Now, a software company for the financial industry that records annual growth rates of 200%, has captured the attention of large investors in a recent round. With an investment interest eight times higher than expected, the company now has new strategic allies to support its development and meet the high demand in places where it does not yet have operations. Currently, N5 operates in 15 countries and is already preparing to open offices in nine other geographies, with the expectation of ending 2023 with a 60% growth in its team.
The investors participating in the round are: Illuminate Financial, a venture capital firm that has Limited Partners (LPs) from some of the world’s largest financial institutions, including J.P. Morgan, 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 shareholder of 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, Telles and Sicupira; Arpex Capital, the investment holding company of entrepreneurs André Street and Eduardo Pontes; and Overboost, a venture builder and fund management company.
For Julian Colombo, CEO of N5 Now, this move was driven by the desire to have high-level strategic partners who bring the market experience that these companies possess. “We experienced exponential growth in demand, exceeding our most optimistic forecasts. In places where we do not yet operate, the list of interested parties has grown significantly, with customers requesting our platform in advance. Therefore, we understood that it was time to incorporate great partners with the expertise that will allow us to serve these customers more quickly and continue our growth globally,” he says.
Founded in 2017 by executives who come mainly from the banking sector, with the aim of transforming the industry, the company has been helping financial institutions to offer greater efficiency to their customers and prepare for the new demands of the sector.
