On February 13, 2020, Fenergo closed its fourth funding round at €73 million, bringing the company to a total of €215.9 million in funding. The company’s main goal is to support banks in digitizing their customer processes while maintaining regulatory compliance. Founded in 2009, the company has seen rapid growth and success in the past year, including growing its revenue by 21% in 2019. The Dublin-based fintech hopes to add to its list of over 70 clients.
Marc Murphy, CEO of Fenergo, said, “We are delighted to join ABN AMRO Ventures and DXC Technology’s investment portfolio. Their pedigrees, deep experience and industry knowledge make them both ideal investment partners for Fenergo. ABN AMRO joins BNP Paribas on our list of clients that are also investors. Ultimately, we only exist to serve the needs of our customers. Our goal is to ensure they can digitally transform, be regulatory assured and able to deliver award-winning customer experiences.”