Fenergo Taps ABN Amro, DXC for $80 Million M&A War Chest
The Dublin-based company sells 10% stake to fund further regtech acquisitions.
Dublin-based Fenergo, a provider of client lifecycle management, client onboarding, and KYC and AML solutions, has sold a 10% stake in the company to Dutch bank ABN Amro’s venture capital fund and IT services provider DXC Technology in return for a combined $80 million investment, to fund further acquisitions.
The investment marks the end of a funding round that began last summer with a €66 million ($72 million) investment from DXC, giving the service provider a stake in the company of around
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