Start-up receives €4m investment for software

A start-up has received €4m in investment for its software that helps financial institutions to meet regulatory compliance and data requirements.

The company, Fenergo, will receive the investment from Ulster Bank Diageo Venture Fund, managed by Investec Ventures, with co-investment from existing shareholders.

Co-founder and CEO of Fenergo Marc Murphy said they were looking forward to working with Investec who already have contacts throughout the global financial sector.