Irish Software as a Service (SaaS) Regtech Fenergo has announced 300 new jobs at its global headquarters in Dublin.
This is said to be part of a €100 million Research, Development & Innovation (RD&I) expansion plan supported by Enterprise Ireland.
In addition to the new roles in Ireland, which will double the domestic headcount, Fenergo is “creating new jobs across its international markets to meet increasing demand for its AI-powered solutions.”
A total of 500 new positions will be filled “by the company globally within the next three years.”
With support from Enterprise Ireland, Fenergo has also “invested in a new RD&I Centre of Excellence at its Dublin HQ where the new Irish roles will be based, supporting Fenergo’s innovation strategy.”
The new roles will enable Fenergo to further deliver on its mission “to support financial institutions in fighting financial crime and creating a safer world.”
Fenergo will continue to “build out its intelligent, AI-powered solutions for client lifecycle management (CLM), anti-money laundering (AML) and Know your Customer (KYC).”
This suite of solutions forms Fenergo’s FinCrime Operating System, which addresses “all anti-financial crime events and operations, transforming compliance from a burden into a strategic competitive advantage.”
Recruitment for the new roles is now underway, “with candidates being sought for a wide range of mid-level engineering and R&D positions.”
Fenergo is also rolling out a graduate program “with the intention to appoint up to 30 university graduates.”
Interested candidates can find more information “about the new jobs and submit applications via Fenergo careers.”
Minister for Enterprise, Tourism and Employment Peter Burke TD welcomed the jobs announcement:
“The government and Enterprise Ireland are committed to supporting and accelerating the scaling of ambitious, innovation-led Irish companies. Fenergo is a clear example of ambition in action – a company that has expanded at pace since it first launched in 2009, and one which today represents a standout financial technology solutions provider both globally and domestically.”
They added:
“Today’s announcement not only represents significant job creation within the Irish market and excellent opportunities for our homegrown talent, but it also reinforces our position as one of the largest and most important tech hubs in Europe. I would like to commend Fenergo on this milestone expansion and their continued investment in Ireland, which I’m confident will underpin further growth for the company while supporting our economy.”
Marc Murphy, CEO and Founder of Fenergo, said:
“I am delighted to announce Fenergo’s significant expansion in Ireland with the creation of 300 jobs at our new RD&I Centre of Excellence, which was made possible with the considerable support and investment we have received from Enterprise Ireland. 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. 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.”
Due to the continued strength of Fenergo’s export activity, along “with a growing portfolio of financial services clients in the Irish market over the past two years, Fenergo delivered a substantial profit in FY25 and is tracking well to deliver strong EBITDA profitability in this financial year, FY26.”
Fenergo’s investment in its Irish and international expansion is “expected to further bolster its ability to serve international markets while also growing its domestic business.”
97% of Fenergo’s revenue in the year “ending March 2025 was generated from exported business.”
This expansion announcement was “made in conjunction with Enterprise Ireland’s client company export results for 2024.”
Enterprise Ireland announced that its clients have “achieved record exports of €36.75bn in 2024, up 7% on 2023, with all territories and major sectors recording increases, surpassing the 2022 – 2024 strategy target of €30bn exports.”
Exports to Europe, grew by “8% to €10.63bn representing 29% of total exports.”
This is the first time that exports to this region have “surpassed the UK, making Europe now the largest export territory for Enterprise Ireland’s client base.”
Within Europe, the Eurozone, which “represents 26% of total exports, continued to perform.”
Exports increased by 9.6% to €9.42bn in 2024 with growth “across the majority of countries, including Germany, the Netherlands and France.”
The UK, now the second largest export territory for clients “achieved €10.52bn exports in 2024, up 4% on 2023 and surpassing the €10bn mark for the first time.”
North America also delivered growth, “with exports of €7.30bn in 2024, up 8% on 2023. USA, the main export market had exports of €6.66bn, up 8% on 2023.”
All sectors showed strong export growth.
The Food and sustainability sector “reached €16.25bn, up 5% on 2023.”
Non-food exports surpassed this, “achieving €20.5bn, up 8%, with the industrial and lifesciences sector recording €11.46bn exports, up 9%. Of this, high tech construction exports increased by 20% to €4.66bn.”
The Technology and Services sector also grew, “with exports of €9.05bn achieved in 2024, up 7% on 2023.”
Of this, digital tech exports reached “€3.16bn in 2024, up 9% on 2023.”
Fintech, financial & business services and business services also “saw an increase, up 5% to €2.90bn in 2024.”