N2F Receives €24 Million Investment

N2F, a French fintech SaaS startup, has received a €24 million strategic growth investment to accelerate its international expansion. N2F offers a solution that helps businesses reduce the time and cost of processing expenses. This solution is designed for companies of all sizes.

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N2F

N2F is a startup founded in 2015 in the suburbs of Lyon by Nicolas Dubouloz and Jean-Joseph Reslinger. Dubouloz and Reslinger decided to offer businesses a solution to reduce the time and cost of processing expenses by developing a solution in their garage. Today, N2F aims for international expansion and wants to capture the European and North American markets. In line with this goal, a €24 million financing led by PSG Equity has been secured.

N2F offers business expense management software, enabling users to process business expenses up to 4 times faster. This software is offered to users via web and application platform. It simplifies the daily life of accountants, managers and employees by digitizing the process of recording, approving and archiving expense reports. N2F's software combines intelligent scanning, tax-compliant archiving, real-time monitoring and AI-powered fraud prevention. It also provides native integrations with accounting software, banks, travel agencies or fleet management solutions.

This investment will help international market expansion across Europe as well as North America

Initially a service for SMEs, N2F now serves companies of all sizes. It serves more than 10,000 clients in 86 countries, alongside world-class European companies such as Iliad, DMG MORI and Holidu. PSG Equity's €24 million investment will enable N2F to continue to grow internationally. This investment will help international market expansion across Europe as well as North America. It will also be used to increase team headcount and launch Keeple, a SaaS solution for managing staff leaves and absences.