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 financial industry software company that records annual growth rates of 200% has caught the attention of large investors in a recent round
of
investment. 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.
The investors who participated in the round are: Illuminate Financial, a venture
capital firm that has Limited Partners (LP) of some of the largest financial institutions
in the world, such as J.P. Morgan, Citi, Barclays, BNY Mellon, S&P
Global and Jefferies.
Julian Colombo, CEO of N5 Now, said: “This move was driven by the desire to
have high-level strategic partners who bring the market expertise 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 experience that will allow us to serve these customers more quickly and continue our growth at the level, reaffirms Colombo.
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 of the Lemann, Telles and Sicupira families; Arpex
Capital, the investment holding company of entrepreneurs André Street and Eduardo Pontes; and Overboost, a venture builder and
fund management company.
“Managing the complex sales process of regulated financial products is a major
challenge in the industry,” said Mark Beeston, founder of Illuminate Financial. “Most existing solutions are costly, inefficient and developed in-house, connecting tailored CRM/BPM that don’t fully capture the customer journey. The N5 suite of solutions is tailor-made for the financial services industry and addresses this gap head-on. We are delighted to welcome N5 to the Illuminate Financial portfolio and support this impressive team in the next phase of their journey.”
Among the products and services offered, the N5 Now platform is the flagship product, with
rapid implementation resulting in an increase in business productivity by 53%, improving NPS by more than 21 points and reducing distribution costs by
16%, allows tangible results in 100 days.
The suite is a systematic platform with native integration of all the software
necessary for a financial institution, such as CRMs, BPMs, incentives and omnichannel,
which allows to break down the natural barrier that prevents a bank from innovating, since it frees these institutions from
the complexity of their legacy systems.
