N2F, a Bourg-en-Bresse, France-based fintech SaaS startup, secured €24 million in strategic growth investment led by PSG Equity to fuel its international growth.
The investment will support international market expansion across Europe as well as North America. It’ll also be used to increase the team headcount as well as launch Keeple, a SaaS solution to manage personnel leaves and absences.
Nicolas Dubouloz, CEO: “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 B2B 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.”
The startup offers business expense management software that enables users to process business expenses up to 4x faster. The web and app platform digitizes the process of logging, approving, and archiving expense reports, simplifying the daily life of accountants, managers, and employees.
N2F combines features such as smart scanning, tax-compliant archiving, real-time monitoring, and AI-powered anti-fraud. It also provides native integrations with accounting software, banks, travel agencies, or fleet management solutions.
N2F aims to help companies of all sizes reduce the time and cost of processing expenses. Today, the platform is serving blue-chip European enterprises such as Iliad, DMG MORI, and Holidu.
Company: SAS N2JSoft
Raised: €24.0M
Round: Strategic Growth
Funding Month: March 2023
Lead Investors: PSG Equity
Additional Investors:
Company Website: https://www.n2f.com/
Software Category: Expense Management Solution
About the Company: Founded in 2015 by Nicolas Dubouloz and Jean-Joseph Reslinger, N2F is a fully connected (mobile & web app) expense management solution that digitizes the entire process of logging, approving, and archiving expense reports, simplifying the work of accountants, managers, and employees. The company combines features such as smart scanning, tax-compliant archiving, real-time monitoring, and AI-powered anti-fraud in a user-friendly application. The software provides native integrations with accounting software, banks, travel agencies, or fleet management solutions. Since its launch, the innovative fintech has quickly established itself in the market. It now counts over 10,000 client companies across 86 countries, with a product that’s available in 11 languages.
Source: https://www.eu-startups.com/2023/03/french-fintech-n2f-lands-e24-million-to-expand-its-expense-management-platform/