North Way Services

What North Way Services does

North Way Services S.A.S. is a Colombian fintech company headquartered in Bogotá, founded circa 2014. The company builds the Sygnus ecosystem, an integrated software and services platform for automating libranza (payroll deduction loan) workflows and broader process automation tasks for public and private sector organizations in Colombia. The platform combines vertical modules — Sygnus Cremil for pensioner credit at the Caja de Retiro de las Fuerzas Militares, and Sygnus Humanos for payroll and employee benefit administration — with horizontal service features including profitability optimization, IT consulting, interoperability between systems, transparency dashboards, planning, and client training. North Way Services positions itself as a pioneer in libranza system integration in Colombia, with a stated 10-year implementation track record.

The business model is B2B software and services sold via direct enterprise sales (phone and website-driven). The company operates with a small delivery team (11–50 employees) and serves a concentrated base of Colombian government entities (Secretaría de Educación, CREMIL) along with private enterprises that need payroll deduction and process automation. Revenue mechanics are described as a recurring subscription-style relationship supplemented by implementation, consulting, and training services, though no pricing or contract value is disclosed. Marketing is primarily organic digital (LinkedIn, Facebook, Instagram, YouTube content and tutorials under the Sygnus platform brand) plus content marketing via a financial services blog.

Operationally, the company sells on three functional benefits: reduction of operational cost via 100% digital workflows, full process visibility (transparency), and strategic planning enabled by centralized data — all of which depend on the Sygnus platform's interoperability with each client's existing government or enterprise systems. The firm is privately held, has no disclosed funding rounds or institutional investors in the input data, and reports no headcount expansion signals, M&A activity, or geographic expansion beyond Colombia. Governance and compliance documentation was refreshed in 2025 (data treatment policy, terms of use, acceptable use policy), consistent with active contracting but not indicative of scale acceleration.

Name

North Way Services

Legal name

NORTH WAY SERVICES S.A.S.

Website

https://northwayservices.com.co

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

North Way Services is a Colombian fintech that builds the Sygnus ecosystem, an integrated software platform automating libranza (payroll deduction loan) and process workflows for public and private sector organizations in Colombia.

Ownership category

akta.pro rank

Product category

Fintech Process Automation Software

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro industry

PRIMARYFSAGAHAA

Loan Origination Platforms (LOS) & Digital Application Journeys

Financial & Insurance/Financial Technology (Fintech)/LendTech (Digital Lending Platforms & Credit Decisioning)

SECONDARYBPACAIAB

Payroll Software & Payroll-as-a-Service (SaaS)

Business & Public Services/HR, Staffing & Recruitment Services/Payroll Services & Workforce Administration

Keywords

• Payroll deduction loans
• Process automation software
• Fintech system integration
• Public sector software
• Enterprise SaaS platform

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Enterprise Software Services: B2B SaaS platform providing process automation and system integration for libranza management across government and private sectors. Services include implementation, consulting, training, and ongoing platform support.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

North Way Services develops and sells the Sygnus Ecosystem, a cloud-based B2B SaaS platform that automates and integrates libranza (payroll deduction loan) processes for government entities and private enterprises in Colombia. The offering combines software modules such as Sygnus Cremil (pension credit automation) and Sygnus Humanos (payroll administration) with implementation, consulting, and training services to deliver 100% digital libranza workflows.

Product overview

North Way Services is a fintech company that developed the Sygnus ecosystem, a comprehensive platform focused on technology integration and process automation, with pioneering specialization in payroll deduction loan (libranza) automation for public and private entities. The ecosystem includes core modules such as Sygnus Cremil (for pensioner credit management at CREMIL) and Sygnus Humanos (for payroll administration), supplemented by service features including profitability optimization, IT consulting, interoperability, transparency, planning, and training services. The platform enables 100% digital processes and centralizes business information while maintaining information security standards.

Differentiator

Problem solved

Functional benefit

Brands

• Ecosistema Sygnus: Comprehensive solution portfolio for reducing operational burden in public and private enterprises, including modules for profitability, IT consulting, interoperability, transparency, planning, and training.

Products and services

• Ecosistema Sygnus Comprehensive solution ecosystem providing process optimization and operational efficiency for public and private companies, focused on automating payroll deduction loan (libranza) processes through 100% digital workflows.
• Sygnus Cremil Specialized module for managing pensioner credit and payroll deduction loans at CREMIL (Caja de Retiro de las Fuerzas Militares), enabling pensioners to request credits and manage their libranza process digitally.
• Sygnus Humanos Module for payroll management and employee benefit administration, supporting organizations in efficiently managing salary deductions and related processes.
• Consultoría Empresarial T.I Specialized IT consulting service providing advice to improve operational efficiency and process optimization for clients in the public and private sectors.

Quantifiable outcome

• 100% digital processes resulting in lower operational costs
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Colombia FintechminorStrategic or Co-development PartnerListed as an ally/partner on the Colombia Fintech platform, indicating membership in the Colombian fintech ecosystem and collaboration within the fintech community. Associated with Sygnus branding on the Colombia Fintech timeline.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Deel: Global HR and payroll platform with strong Latin American presence whose payroll and compliance tooling could expand into libranza-like deductions, positioning it as a broader competitor to North Way Services in LatAm payroll workflows.
• Banco de Bogotá: Major Colombian bank offering payroll, consumer credit, and libranza products at scale; a broad incumbent whose financial muscle and existing integrations could compete with or partner around North Way Services' niche.

Emerging players

• Sempli: Colombian fintech providing digital payroll and credit solutions for SMEs, addressing the same payroll and credit automation pain points that North Way Services targets with Sygnus.
• Facturedo: Latin American B2B invoice financing and fintech platform offering early payment and working capital solutions, comparable through its focus on Latin American SME/payroll-adjacent credit workflows.
• Cashea: LatAm consumer fintech (BNPL) operating in Venezuela and Colombia with payroll-linked payment plans, comparable to North Way Services' payroll deduction mechanics and digital credit journey focus.
• Bind (Grupo Salinas): Mexican fintech offering payroll-deduction and salary-advance products with comparable mechanics to libranza, representing an emerging regional player in the same payroll-linked lending category.

Direct peers

• Tuya (formerly Tuya S.A.): Colombian payment processor and payroll-deduction services provider that operates in the libranza and bill payment space, comparable to North Way Services' Sygnus payroll and credit-request workflow automation.
• Aportes en Línea: Colombian platform that processes pension and social-security contributions and integrates with payroll systems, overlapping with North Way Services' pension and payroll integration capabilities.
• Sistecrédito: Colombian fintech specialized in payroll deduction loans (libranzas) and consumer credit, directly serving the same product category and customer base as North Way Services' Sygnus platform.

Regional players

• Comfenalco: Colombian compensation fund that manages payroll-linked benefits and deductions for affiliated employees, operating in adjacent payroll/benefits territory to North Way Services' libranza workflow.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/@sygnusplataforma
• Facebookfacebook.com/sygnusfintech
• LinkedInlinkedin.com/company/north-way-services-sas
• Instagraminstagram.com/northwayservices

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about North Way Services