An Irish company that supports financial institutions fight financial crime has announced 300 new jobs at its global headquarters in Dublin as part of a €100m expansion plan.
Fintech firm Fenergo is also 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 headquarters where the new roles will be based.
It will enable the company to further deliver on its mission to support financial institutions in fighting financial crime.
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).
It says this suite of solutions forms its 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.
Marc Murphy, CEO and founder of Fenergo, said: “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”.
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“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,” he added.
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.”
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 €36.75 billion in 2024, up 7% on 2023, with all territories and major sectors recording increases, surpassing the 2022 – 2024 strategy target of €30 billion exports.
Exports to Europe, grew by 8% to €10.63 billion 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.
The UK, now the second largest export territory for clients achieved €10.52 billion exports in 2024, up 4% on 2023 and surpassing the €10 billion mark for the first time.
North America also delivered growth, with exports of €7.30 billion in 2024, up 8% on 2023. The US, the main export market, had exports of €6.66 billion, up 8% on 2023.
All sectors showed strong export growth.
The Food and Sustainability sector reached €16.25 billion, up 5% on 2023. Non-food exports surpassed this, achieving €20.5 billion, up 8%, with the Industrial and Lifesciences sector recording €11.46 billion exports, up 9%.
Of this, High Tech Construction exports increased by 20% to €4.66 billion.
The Technology and Services sector also grew, with exports of €9.05 billion achieved in 2024, up 7% on 2023.
Of this, Digital Tech exports reached €3.16 billion in 2024, up 9% on 2023. Fintech, Financial & Business Services also saw an increase, up 5% to €2.90 billion in 2024.
Enterprise Ireland client companies spent €42.65 billion in the Irish economy in 2024, including €13 billion on payroll.
