Fenergo Closes $80M Funding At $800M Valuation


Fenergo, a Dublin, Ireland-based provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, closed an 80m funding round.

Backers in the round, which valued the company at approx. $800m, included ABN AMRO Ventures and DXC Technology.

The funding will facilitate further product enhancement and the potential acquisition of new business units and/or capabilities.

Led by Marc Murphy, CEO, and Spencer Lake, Vice Chairman, Fenergo is a digital enabler of client and regulatory technology for financial services. It provides Client Lifecycle Management (CLM) software solutions for Financial Institutions including Corporate & Institutional Banking, Commercial & Retail Banking, Asset Management, Private Banking & Wealth Management. Its CLM suite enables financial institutions to manage clients from initial onboarding to KYC/AML and regulatory compliance, to data management and ongoing lifecycle KYC reviews and refreshes. Its roster of over 70 clients include ANZ, PNC, Banc of California, National Australia Bank, Canadian Imperial Bank of Commerce, UBS Asset Management, Anglo Gulf Trading Bank, Royal Bank of Canada, First Abu Dhabi Bank, Tricor, Exos Financial and Mizuho.



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