N2F scores €24m in strategic growth investment


N2F, a leading provider of expense management software solutions, has landed €24m in a strategic growth investment from PSG Equity.

Founded in 2015, N2F has developed a fully-fledged expense management software with ‘efficiency and intuitiveness at its core’ to enable customers to process business expenses up to 4x faster.

In only eight years, N2F claims it has grown to become a trusted technology partner to more than 10,000 businesses across 86 countries, with a product available in 11 different languages.

N2F said its ambition is to grow internationally across Europe where it can help over 20 million businesses reduce the time and cost of processing expenses. 2022 was a transformational year for N2F, the firm said, as it prepared for international expansion by significantly increasing its workforce and launching Keeple, a SaaS solution to manage personnel leaves and absences.

By partnering with PSG Equity, N2F claims it plans to significantly accelerate its European expansion. PSG’s strategic and financial resources will help N2F to execute on its ambitious plan to recruit 200 employees over the next five years while continuing to innovate and invest in R&D.

N2JSoft CEO Nicolas Dubouloz said, “We believe that this partnership with PSG marks the beginning of a new phase of growth for our business and reaffirms both the relevance of our solutions and our position as a market leader.

“We are delighted to have an expert in the European Bt2B SaaS market by our side going forward; not only do we share the same values, but also the aspiration to grow the business with customer satisfaction and employee well-being at its heart.”

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