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Fenergo Doubles Down on Dublin with €100M Investment and 300 New Jobs
AI-powered compliance firm expands R&D operations amid global growth
Financial software provider Fenergo has announced a €100 million investment into its global headquarters in Dublin, with plans to create 300 new jobs. The initiative is part of the company's broader Research, Development, and Innovation (RD&I) strategy, aimed at expanding its technological capabilities in financial compliance solutions.
The investment is being supported by Enterprise Ireland and marks a significant step in Fenergo’s efforts to scale its AI-driven services across multiple international markets. Alongside the job creation, the company is launching a graduate recruitment programme that will bring in up to 30 university graduates to strengthen its engineering and R&D teams.
Focus on Compliance and Innovation
Fenergo is known for its software-as-a-service tools that support financial institutions in complying with stringent regulations, particularly in areas such as know-your-customer (KYC) and anti-money laundering (AML). Its technology enables institutions to manage complex regulatory environments while improving customer onboarding and reducing risk.
As financial regulation becomes increasingly complex and geopolitical tensions heighten, the company is betting on AI as a cornerstone of its development strategy. The new Dublin roles will span engineering, data science, and product development.
Marc Murphy, the company’s founder and CEO, explained that the expansion reflects both a commitment to innovation and confidence in Ireland’s skilled workforce. According to Murphy, investing in local talent will allow the firm to develop advanced solutions that support financial clients in the US, Europe, the UK, the Middle East, and Asia.
A Domestic Firm Investing at Home
Fenergo’s decision to scale operations in Ireland bucks a trend that has often seen Irish technology firms expand abroad rather than invest domestically. That point was underlined by Kevin Sherry, CEO of Enterprise Ireland, who said that companies like Fenergo show how Irish-owned businesses can be a central force in the national economy.
Data shared by the company indicates that 97% of its revenue for the year ending March 2025 came from exports. Despite this global focus, it has chosen to anchor its R&D efforts in Ireland, reinforcing the country’s role in fintech development.
Local Jobs, Global Impact
The roles created under this initiative are primarily mid-level engineering and R&D positions, with a clear emphasis on advancing artificial intelligence applications in compliance technology. The graduate programme, meanwhile, is intended to build a future talent pipeline by attracting early-career professionals into the field.
While many global technology companies have announced layoffs or scaled back investment in recent quarters, Fenergo’s move stands in contrast, signalling a long-term commitment to product innovation and global growth.
The announcement also comes at a time when concerns have been raised about Ireland's heavy dependence on foreign direct investment. Peter Burke, Minister for Enterprise, Tourism and Employment, commented that this investment underlines Ireland’s continued appeal as a technology hub, particularly for firms that are both headquartered and growing from within the country.
Fintech and Regulatory Technology on the Rise
Fenergo’s core offerings fall within the growing sector of regulatory technology, or regtech—a segment of fintech that helps institutions comply with legal requirements more efficiently through automation. With increasing demand for real-time compliance and transparent client verification, solutions like those offered by Fenergo are becoming more integral to financial operations.
The company’s Dublin expansion appears to align with broader trends in financial technology investment, where automation, AI integration, and compliance tools are seen as strategic priorities by banks, investment firms, and regulators alike.
Looking Ahead
This latest move builds on years of steady growth for Fenergo, which has positioned itself as a leading provider of compliance infrastructure. By focusing its RD&I in Ireland and committing substantial resources to workforce expansion, the company is not just increasing its capacity—it is also making a clear statement about the kind of innovation it intends to lead.
The new hires and expanded facilities are expected to come online gradually, with recruitment already underway. As regulatory frameworks around the world continue to evolve, Fenergo is betting that its investments today will place it at the forefront of compliance solutions tomorrow.
For Ireland’s domestic technology sector, this announcement serves as a reminder that innovation and economic impact need not come from abroad. Some of the most important advances in fintech may be built just around the corner.
