Big Name VCs Back Startup to Solve a Multi-Billion Dollar Banking Problem
BUENOS AIRES, Argentina, Sept. 13, 2023 /PRNewswire/ -- Fintech startup, N5 has secured the backing of a number of high profile investors, on the strength of its potential to save financial institutions billions of dollars a year.
- U.S. financial institutions lose an estimated $272B each year through inefficiency and missed opportunities resulting from fragmented and siloed technologies and processes, perpetuated and exacerbated by 'software entropy'.
- N5 was founded by experts from the banking sector specifically to solve that problem, and is already doing so with customers in other parts of the world.
- This helps financial institutions 'join the dots' and so improve productivity, the customer experience and cost-effectiveness.
- The company plans to make a high profile appointment to lead North American operations, as well as fill a further 800 roles globally.