N2F lands €24m investment from PSG Equity
The expense management company landed in the strategic growth round to help it scale and expand across Europe.
N2F, an expense management software fintech, has raised €24m in a strategic growth investment from PSG Equity.
Founded by Nicolas Dubouloz and Jean-Joseph Reslingerin 2015, N2F says it now has 10,000 businesses across 86 countries using its expense management software.
"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," Dubouloz.
The Lyon-based company will be using the funds to help scale its workforce, hiring 200 people in the next five years. It also plans to further develop its product suite.
N2F plans to significantly accelerate its European expansion, as part of the investment from PSG.
"Combining advanced technology with leading customer service has been N2F’s secret in achieving such exceptional growth in 2022," said Edward Hughes, Managing Director at PSG.
"With N2F, we believe we have identified one of the best software solutions in the market and with its established track record of innovation and success, we believe the company has tremendous growth potential,” he added.