N5, a Buenos Aires, Argentina-based financial industry software company, raised an undisclosed amount in funding.
The round saw participation from Illuminate Financial, Exor Ventures, Madrone Capital Partners, LTS Investments, and ArpexCapital.
With this new investment, the company plans to enter the U.S. market.
Led by CEO Julian Colombo, N5 offers solutions that enable clients to achieve full digitization, regardless of their technological starting point.
The N5 Now platform integrates on the back end channels, processes and systems that are usually otherwise siloed, such as CRMs, BPMs, incentives, and Omnichannel. This helps financial institutions improve productivity, the customer experience and cost-effectiveness. The platform is designed to free institutions from the complexity of their legacy systems.
Global customers including Mastercard, Santander, Credicorp, Zurich Insurance, Atlas Bank, N26 and Sudameris already work with N5 in Latin America and Europe.
The company plans to make a high profile appointment to lead North American operations, as well as fill a further 800 roles globally.
Currently experiencing rapid expansion, N5 is registering growth rates of 200% per year. In their portfolio of platform and services clients are companies such as Mastercard, Santander, Credicorp Bank, Zurich, Sudameris, N26, Farmers Insurance, Atlas bank and BCP.
FinSMEs
13/09/2023