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

@killianwoods
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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Patricia Macieira Kane founded her sustainable shop after experiencing firsthand how much plastic gets thrown away children’s early years

Elaine O'Regan | 19 hours ago

A decision by the Labour Court last August shone a spotlight on the thorny subject of whistleblowing

Patrick Walshe | 19 hours ago

Younger people value social responsibility, and want to go home at the end of the workday feeling they have done something meaningful

Milo-Arne Wilkinson | 19 hours ago