Julián Colombo, CEO de N5
Argentine fintech N5, which helps banks, insurance companies and other financial institutions to connect their existing systems — such as CRM, payments and regulatory compliance — in one place, has announced it scooped up USD $20 million in an investment round that was supported by Endeavor and Alexia Ventures.
With this capital injection they will seek to accelerate the evolution of the Artificial Intelligence area and the development of its AIfred, Pep and Singular solutions, designed with this technology for the financial sector, as well as the expansion of N5 to other markets.
The company added Alexia Ventures, a fund that invests in software and artificial intelligence (AI) companies in Latin America, and Scale-Up Ventures, Endeavor’s venture capital fund.
“The extension of this round reinforces the credibility of our work, the confidence the market has in our value proposition, and the impact we are generating in the industry,” said Julian Colombo, CEO of N5. “That’s why we believe this injection validates our vision and encourages us to continue transforming our ecosystem through technology.”
In addition to strengthening and accelerating innovation in artificial intelligence, the CEO of the fintech says that with this support, they will also continue to accelerate their international expansion through the “N5 Partner Network” program to respond to the growing global demand for their technology, delivering even more efficiency and value to their customers around the world.
Since its founding in 2017, N5 has stood out for its core product, N5 Now, an end-to-end platform that integrates all essential software for the operation of financial institutions, such as CRMs, BPMs, incentives and omnichannel. Its clients include institutions such as Itaú, Mastercard and Santander.
According to company figures, in the last year, N5 again doubled in size and expanded its operations to Peru, Chile, Mexico and the Dominican Republic, reaching a total of 18 countries. This growth was accompanied by a 54% increase in its technology team and the acceleration in the development of its AI solutions.
“When we met Julian and the clients using N5, we were absolutely blown away by the impact the platform is having on transforming the financial sector,” said Patrick Arippol, Co-Founder and Partner at Alexia Ventures.
“N5’s artificial intelligence is not a future promise, it is at the heart of the platform, revolutionizing the relationship between banks and their customers”, added Arippol.
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