N2F, a Bourg-en-Bresse, France-based provider of expense management software solutions, received €24m in Strategic Growth funding.
The investment was made by PSG Equity.
The company intends to use the funds to fulfil its international ambitions, recruit 200 new employees over the next five years and invest in the development of new products.
Founded in and 2015 by Nicolas Dubouloz and Jean-Joseph Reslinger, N2F is a fully connected (mobile & web app) expense management solution that digitizes the entire process of logging, approving and archiving expense reports, simplifying the work of accountants, managers and employees. The company combines features such as smart scanning, tax-compliant archiving, real-time monitoring and AI-powered anti-fraud in a user-friendly application. The software provides native integrations with accounting software, banks, travel agencies or fleet management solutions.
N2F today processes over one million expense reports per month for more than 10,000 businesses in more than 86 countries. While being initially developed for SMEs, today the company can serve companies of all sizes and is used by blue-chip European enterprises, such as Iliad, DMG MORI and Holidu.
FinSMEs
06/03/2023