N5 disburses USD $20 million: seeks to acquire Argentine companies to accelerate its expansion

From N5

This is an automated translation of the press release issued in Spanish

Buenos Aires, March 20, 2024- N5, a technology company specialized in the financial industry, announces its new expansion strategy through the acquisition of Argentine software and professional services companies related to the financial sector with preference for those that already have a annual income of at least USD $1 million.

With the aim of strengthening its presence throughout Latin America, the organization will seek to accelerate its growth and promote innovation in solutions for an industry in constant change. To meet this goal, it will disburse USD $20 million throughout the year. Those interested may complete this form for a pre-evaluation.

"Our focus is, and always will be, to offer something differentiated to our customers. And while N5's philosophy is to build the entire technology, there are some specific functionalities that we can more quickly add to our solutions with the help of other capable companies," he explains. Julián Colombo, CEO and founder of N5.

With a robust structure to meet high customer demand, N5 sees these acquisitions as an opportunity to develop solutions increasingly adapted to the specific needs of the industry.

The company acquisition strategy aims to encourage N5 to consolidate its leadership in the market and accelerate its growth. The investment in Argentine companies comes after an investment round announced in September 2023.

"We have always been a company that acts with great caution, taking considerable time before making any decisions. We serve a traditionally risk-averse industry, which makes our evaluation approach extremely cautious. Our focus continues to be how we can still offer more value to our clients, improving our services and solutions to meet their needs effectively," says Colombo. The multinational, with a presence in 15 countries, has already started conversations with potential candidates and continues to look for other companies.

Likewise, N5 projects 300% growth by 2024 and last year alone saw a 275% increase in its number of customers. Along these lines, in the first weeks of 2024, it added more than six big names in the Latin American financial industry to its client portfolio, which already includes companies such as BCP, Santander, Interbank Mastercard, Itaú and BCI