Based out of Dublin, Fenergo is the provider of digital transformation, customer journey, and client lifecycle management (CLM) solutions for financial institutions. Recently, the company has raised $80 million (approx €73.35 million) led by ABN AMRO Ventures and DXC Technology.
The funding will facilitate further product enhancement and the potential acquisition of new business units and capabilities that are strategically important.
Notably, Fenergo’s CLM solutions enable global financial institutions to digitally transform client onboarding while optimizing customer experiences and ensuring regulatory certainty. The company expanded into new markets, including asset and wealth management, private, retail, business, and commercial banking, and appointed global team leaders to spearhead growth.
In the past calendar year, Fenergo added key global customers to its roster of over 70 clients, including ANZ, PNC, Banc of California, National Australia Bank, Canadian Imperial Bank of Commerce, and much more. It’s worth mentioning that the Irish company grew its revenue by 21% in 2019.