French fintech N2F lands €24m funding to fuel expansion plans
French expense management software provider N2F has landed €24 million in growth funding from PSG Equity.
With the new financial and strategic support, N2F plans to “significantly” accelerate its European expansion plans and boost the development of new products. It also aims to recruit 200 new employees over the next five years.
Founded in 2015 and headquartered in Lyon, France, N2F claims its expense management software enables customers to process their business expenses “up to 4x faster”. It currently serves more than 10,000 businesses across 86 countries. While it initially catered to small and medium-sized enterprises (SMEs), N2F says its software can now be used by companies of all sizes.
The N2F platform provides smart-scanning tools, mobile and desktop apps, “fiscally compliant and secure” digital archiving capabilities, AI-led anti-fraud features and API integrations with multiple accounting software, banks, travel agencies and fleet management solutions.
Nicolas Dubouloz, co-founder and CEO of N2JSoft, says the partnership with PSG marks the beginning of a “new phase of growth” for the business.