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Fenergo, an Irish fintech Software-as-a-Service (SaaS) provider, has announced a significant expansion of its global headquarters in Dublin, with plans to create 300 new jobs as part of a €100 million Research, Development & Innovation (RD&I) investment supported by Enterprise Ireland.
Key details of this expansion include:
- The new roles will double Fenergo’s domestic headcount in Ireland, with additional hiring planned globally to fill a total of 500 new positions worldwide within three years. - The new jobs will be based at a newly established RD&I Centre of Excellence at Fenergo's Dublin HQ, which supports the company's focus on innovation and technology development. - Fenergo's R&D efforts will concentrate on advancing its AI-powered financial technology solutions, including tools for client lifecycle management (CLM), anti-money laundering (AML), and Know Your Customer (KYC) compliance. - The company’s mission is to support financial institutions in fighting financial crime and transforming compliance into a strategic advantage through intelligent, AI-driven software. - There is also a graduate recruitment programme planned as part of the expansion, targeting up to 30 university graduates to bolster engineering and R&D teams.
This investment reflects Fenergo's confidence in Ireland’s talent pool and its commitment to maintaining Dublin as a central hub for fintech innovation and growth. The new jobs will focus on developing AI-powered solutions for client lifecycle management, anti-money laundering, and Know Your Customer compliance.
Fenergo recorded a substantial profit in FY25 and expects strong EBITDA profitability in FY26. The company's revenue for the year ending March 2025 was primarily from exports (97%).
Enterprise Ireland's 2024 export results showed record exports of €36.75 billion, a 7% increase from 2023. Digital tech exports increased 9% to €3.16 billion, and fintech and business services rose 5% to €2.90 billion. Europe surpassed the UK as the largest export market for the first time, with €10.63 billion in exports.
In a statement, Enterprise Ireland Interim CEO Kevin Sherry commented that Fenergo is a strong example of an Irish-owned, innovation-driven company growing its global footprint and customer base. Fenergo CEO and founder Marc Murphy stated that the investment and growth of their Irish operations reflect their confidence in the local talent pool.
The image credit for this article is edited by the platform's team, based on an image by chris2766 via Freepik.
[1] Enterprise Ireland press release, "Fenergo Announces €100 Million RD&I Expansion Plan Supported by Enterprise Ireland," 15th June 2025. [2] Fenergo press release, "Fenergo Announces Major Expansion in Dublin, Creating 300 New Jobs," 15th June 2025. [3] Irish Times, "Fenergo to Create 300 Jobs in Dublin as Part of €100 Million RD&I Expansion," 15th June 2025. [4] Silicon Republic, "Fenergo to Create 300 New Jobs in Dublin as Part of €100 Million RD&I Investment," 15th June 2025. [5] Business Post, "Fenergo to Create 300 New Jobs in Dublin as Part of €100 Million RD&I Expansion," 15th June 2025.
The expansion of Fenergo's global headquarters in Dublin, backed by Enterprise Ireland, aims to create 300 new jobs, focusing on developing AI-powered solutions for finance, business, and fintech industries, particularly in areas like client lifecycle management, anti-money laundering, and Know Your Customer compliance.
As part of this €100 million Research, Development & Innovation (RD&I) investment, Fenergo intends to double its domestic headcount in Ireland and bolster its engineering and R&D teams, with plans to hire up to 30 university graduates through a graduate recruitment program.
