Irish fintech Fenergo to create 300 jobs as part of €100m investment

Roles are part of the company’s €100m Research, Development, and Innovation (RD&I) expansion plan in Dublin

Thu, 03 Jul, 2025 - 10:23

Martin Claffey

Financial technology and security firm Fenergo is to create 300 jobs as part of a €100m investment at its global headquarters in Dublin.

The roles are part of the Irish company’s €100m Research, Development, and Innovation (RD&I) expansion plan, supported by Enterprise Ireland, as the company doubles its headcount in the country.

Fenergo provides software as a service (SAAS) AI-powered solutions for companies, specialising in know-your-customer (KYC) and anti-money laundering compliance transformation for financial institutions.

“This investment and growth of our Irish operations reflect our confidence in the excellent talent pool we have in this country, and a market where innovative thinking, entrepreneurship and evolving technology will propel Fenergo to new heights,” said Fenergo founder and chief executive Marc Murphy.

“With AI at the core of our RD&I strategy, we are committed to delivering future-proof solutions for financial institutions in Ireland, across Europe, the UK, America, Middle-East and Asia - supporting them during times of intensifying geopolitical tension and regulatory uncertainty.”

Recruitment for the new roles in Ireland are underway for a wide range of mid-level engineering and R&D positions. Fenergo is also rolling out a graduate programme to appoint up to 30 university graduates.

Amid concerns over Ireland’s dependence on foreign direct investment, Enterprise Ireland chief executive Kevin Sherry noted that Fenergo is an example of a domestic firm choosing to invest at home. Some 97% of Fenergo’s revenue in the year ending March 2025 was generated from exported business.

“Ambitious companies like Fenergo embody Enterprise Ireland’s mission that Irish owned, globally focused companies will be the primary driver of our economy,” Mr Sherry said. “Fenergo, announcing 500 new jobs today, is a great example of an innovative Irish company growing customers, adding RD&I to drive forward AI powered solutions and creating an impact in global markets.”

Enterprise, Tourism and Employment Minister Peter Burke said the announcement reinforces Ireland's position "as one of the largest and most important tech hubs in Europe".