N5, the software company for Fintechs, Banks and Insurance Companies, won the Microsoft for Startups award in the Business Excellence category in Latin America, for its innovation and implementation of solutions for clients based on the technology of the company founded by Bill Gates.
“We do not do it for the recognition, but when a giant like Microsoft rewards you it is impossible to ignore. The pride I have for the team is very great and only comparable to the gratitude we feel for the clients. ” emphasized Julián Colombo, economist and journalist with more than 20 years of experience at Banco Santander, and current CEO of N5 Now.
This year, Microsoft recognized companies in categories that span each of the global solutions areas, industries and sectors in which Microsoft technologies are used. N5 took the podium in the Business Excellence category as Startup of the Year for the entire region.
The company won out of 4,400 nominations from more than 100 countries, due to its rapid growth, the impact of its solution on the financial market and the exemplary use of Microsoft technologies.
N5 was born four years ago in the United States at the hands of seven Argentine founders and executives. Its success was fueled by the development of a platform that was originally created for fintechs but quickly discovered by traditional banks and insurers. Its software is natively prepared for Openfinance (openbanking and openinsurance), which makes it revolutionary for the industry.
With an annual growth rate of 500%, the company focuses on the financial industry, seeking that its knowledge of the field allows it to implement quick solutions with tangible results in a short time.
Since its inception, the company was fully financed by clients, willing to advance money in exchange for being the first to obtain the platform that allows the complete digitization of companies in the financial industry. In the last two years, it has received more than 20 investment or purchase proposals, mainly from mutual funds, but also from some technology giants.
According to Colombo, N5 pursues two central objectives: the digital transformation of its clients and financial inclusion. “A profitable digitization, capable of intelligently reducing costs, will allow millions of people to access services today reserved for only half of the Latin American population, for example,” said the CEO.
“Accompanying and being part of the digital transformation generated by Argentine startups in the region is a unique opportunity and a commitment that we work closely with hundreds of digital native companies and entrepreneurs. This journey brings more employment, innovation and technology solutions for clients around the world. In this sense, from Microsoft for Startups, we recognize and celebrate the great year that N5 has had and we encourage them to go for more, to continue generating impact by working together, ”said Mariano Amartino, director of Microsoft for Startups for Latin America.
For the award recently achieved, the firm will be recognized in the second digital edition of the Microsoft Inspire event, which will take place between July 14 and 15.
