Dublin-based fintech Fenergo is doubling its Irish headcount.
Irish fintech company Fenergo announced 300 new jobs at its Dublin headquarters supported by a €100m research and development (R&D) investment backed by Enterprise Ireland.
The announcement coincided with Enterprise Ireland’s release of 2024 export results showing client companies achieved record exports of €36.75 billion, up 7% from 2023.
“I would strongly encourage prospective candidates to consider applying and join our world-class team of change-makers at Fenergo – shaping the future of financial services operations through innovation and AI”
The Dublin-based Software as a Service (SaaS) financial technology solutions provider will double its domestic headcount through the expansion, with recruitment currently underway for engineering, product development, AI, data science and other innovation roles. All positions will be based at Fenergo’s new Research, Development & Innovation Centre of Excellence at the company’s global headquarters.
Fenergo’s global growth strategy
“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,” said Marc Murphy, CEO and Founder of Fenergo.
The Irish expansion forms part of Fenergo’s global growth strategy, with an additional 200 international roles planned over the next three years, bringing total new positions to 500 worldwide. The company specializes in AI-powered solutions for client lifecycle management, anti-money laundering and Know Your Customer compliance, forming what it calls its “FinCrime Operating System.”
Minister for Enterprise, Tourism and Employment Peter Burke TD welcomed the 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.”
“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,” Burke added.
Fenergo reported substantial profit in its financial year 2025 and expects strong EBITDA profitability in the current financial year. The company generated 97% of its revenue from exported business in the year ending March 2025.
“We are actively recruiting for the new roles already, and I would strongly encourage prospective candidates to consider applying and join our world-class team of change-makers at Fenergo – shaping the future of financial services operations through innovation and AI,” Murphy said.
The company plans to appoint up to 30 university graduates through a new graduate programme.
Record export performance by Irish firms
Enterprise Ireland’s 2024 export results which showed client companies surpassed their 2022-2024 strategy target of €30bn exports, reaching €36.7bn.
“Ambitious companies like Fenergo embody Enterprise Ireland’s mission that Irish owned, globally focused companies will be the primary driver of our economy”
Europe became the largest export territory for the first time, overtaking the UK with exports of €10.63bn, representing 29% of total exports.
“Despite ongoing challenges in recent years, such as economic headwinds and rising costs our client companies continue to show their agility and resilience as they scale internationally, achieving yet another year of record export growth with €36.75bn in exports in 2024,” said Kevin Sherry, Interim CEO of Enterprise Ireland.
The UK achieved €10.52 billion in exports, up 4% from 2023, while North America delivered €7.30 billion, up 8%. Within Europe, Eurozone exports increased 9.6% to €9.42 billion, with growth across Germany, the Netherlands and France.
All sectors recorded growth, with the Food and Sustainability sector reaching €16.25bn and non-food exports achieving €20.5bn. The Industrial and Lifesciences sector recorded €11.46bn in exports, while Technology and Services reached €9.05bn.
“Our results show that for the first time Europe has surpassed the UK as the number one export territory. This demonstrates that while our client base continues to grow exports in the UK, there is less reliance and dependency on this one market with many clients broadening their base and winning business in other markets,” Sherry explained.
Enterprise Ireland client companies spent €42.65bn in the Irish economy in 2024, including €13 billion on payroll.
“Ambitious companies like Fenergo embody Enterprise Ireland’s mission that Irish owned, globally focused companies will be the primary driver of our economy,” 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.”
Image at top: Kevin Sherry, interim CEO, Enterprise Ireland; Marc Murphy, CEO of Fenergo; and Minister for Enterprise, Tourism and Employment, Peter Burke, TD. Photo: Shane O’Neill/Coalesce
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