After the funding, Brazil will become the second country to receive the largest investment from the software company for financial institutions, behind the U.S.
The software company N5 Now announces on Wednesday (13/9) a round of investments that raised eight times more than the amount sought – the figure, however, was not disclosed. The capital will be used to open offices in new countries and expand the team by 60%.
With an annual growth rate of 200%, the financial industry-focused company attracted Illuminate Financial, Exor Ventures, Madrone Capital Partners, LTS Investments, Arpex Capital and Overboost.
N5 operates in 15 countries, including Brazil. Currently, the national operation represents approximately 12% of the company’s total revenues and about 28% of the amount received in the contribution will be invested in Brazil, which will become the country to count on the largest investment of the company after the United States.
Founded in 2017 by Argentine executives with a career in banking, N5 was created to help financial institutions deliver more efficiency to customers and meet the new demands of the industry. The flagship is a platform that integrates the necessary software for an institution, such as CRMs, BPMs, incentives and omnichannel communication. Among the clients are companies such as Mastercard, Santander, Sudameris and Banco Atlas.
In 2021, N5 Now was recognized as Startup of the Year in Latin America by Microsoft.
Rebecca Silva for Empresas & Negocios
