Fenergo creates 300 new jobs in Ireland as part of €100 million investment in RD&I supported by Enterprise Ireland

Enterprise Ireland publishes 2024 export results, with clients achieving exports of €36.75bn in 2024, up 7% on 2023

• Fenergo launching RD&I expansion plan for Irish market worth €100m with support from Enterprise Ireland
• 300 engineering, product, AI, data and other innovation roles will be created in Ireland by 2028 – recruitment now in progress
• Irish growth part of global expansion plans – additional 200 international roles to be filled over the next three years supporting further scaling 

• Irish positions will be based in new RD&I Centre of Excellence at Fenergo’s Dublin HQ

   

3rd July 2025, Dublin: Leading Irish Software as a Service (SaaS) financial technology solutions provider Fenergo, has today announced 300 new jobs at its global HQ in Dublin. This is 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 programme with the intention to appoint up to 30 university graduates. Interested candidates can find more information about the new jobs and submit applications via: Let's Grow Together | Fenergo.

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. 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. 

“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.”

Kevin Sherry, Interim CEO, Enterprise Ireland said, “Ambitious companies like Fenergo embody Enterprise Ireland’s mission that Irish owned, globally focused companies will be the primary driver of our economy. 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. I’d like to congratulate Marc and the team on this expansion and we look forward to working with them.”

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.

Enterprise Ireland Export Results

This expansion announcement was made in conjunction with Enterprise Ireland’s client company export results for 2024. Enterprise Ireland today 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 also saw an increase, up 5% to €2.90bn in 2024. 

Enterprise Ireland client companies spent €42.65bn in the Irish economy in 2024, including €13bn on payroll. 

Welcoming Enterprise Ireland’s export results, Minister Burke said: “The strength of Ireland’s exporting base of companies is reflected in Enterprise Ireland’s strong 2024 export performance results. Despite a more challenging international environment, Irish exporters have made significant gains and continue to grow their influence internationally. These companies are a critical part of the Irish economy, and the government through Enterprise Ireland is committed to supporting this sector to scale further, while preparing for and mitigating against disruption in global trade tariffs.”

Announcing Enterprise Ireland’s export results today, Kevin Sherry Interim CEO of Enterprise Ireland said: “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. This robust performance by clients like Fenergo, reflects a strong and resilient exporting base which fuels our economy, delivering sustainable prosperity nationwide.”

“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. Amid future geopolitical instability, Irish businesses proven ability to diversify across markets will stand to them when facing challenging and uncertain times. Enterprise Ireland remains committed to supporting companies as they explore potential mitigation and market diversifications strategies to navigate the challenges of export tariffs.” added Kevin Sherry. 

ENDS

For reference, please contact: 

Marika MacCarvill, Enterprise Ireland Senior Communications Manager – Ireland & International 

00 353 86 171 2568/ marika.maccarvill@enterprise-ireland.com

About Fenergo: 

Fenergo is a global leader in AI-powered solutions for client lifecycle management (CLM), specialising in know your customer (KYC) and anti-money laundering (AML) compliance transformation for financial institutions. Its FinCrime Operating System, powered by Agentic AI, unifies and orchestrates all FinCrime operations across the client lifecycle and enables firms to streamline operations, reduce costs, and enhance client experience across over 120 jurisdictions. For more information about Fenergo’s market-leading AI-powered KYC/AML solutions, visit www.fenergo.com.