Sunday February 23, 2020

Fenergo funding round takes investment total to $155m

Fintech firm says funds will go towards product development and potential acquisitions

Killian Woods

Business reporter

12th February, 2020
Marc Murphy, Fenergo’s chief executive, previously told the Business Post that plans for a stock market floatation had been postponed until the summer of 2022

Fenergo has completed a further multimillion-dollar funding round, taking total investment in the Irish fintech firm to $155 million.

The company, which makes software to help global banks manage regulatory compliance, was spun out of the Irish tech company Ergo in 2009.

Last summer, Fenergo raised €66 million (about $72 million) from DXC Technology, a US software giant. That round of has been topped up to $80 million, with Dutch bank ABN AMRO among the investors. Fenergo...

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