Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management solutions for financial institutions, has announced today that it has closed its latest funding round.
The award-winning enterprise software provider has raised capital from ABN AMRO Ventures and DXC Technology. ABN AMRO’s investment follows the investment by DXC Technology (NYSE: DXC) into Fenergo in the summer of 2019.
The funding will facilitate further product enhancement and the potential acquisition of new business units and/or capabilities that are strategically important.
“We are very happy to add Fenergo to our investment portfolio. This investment will contribute to ABN AMRO’s strategic priority to build a future proof bank and fight financial crime. We are impressed with the management team and solution Fenergo offers. In addition, this gives us additional exposure to a group of tier one investors”Hugo Bongers, Director, ABN AMRO Ventures
ABN AMRO Ventures is the bank’s corporate venture fund that makes strategic investments in innovative technology companies to boost and accelerate ABN AMRO’s digital transformation. The fund is EUR 100 million. As the world’s leading independent, end-to-end IT services company, DXC Technology helps global companies run their mission-critical systems and operations to deliver new levels of performance, competitiveness and customer experiences.
Read the full press release with comments from Fenergo’s CEO and more here.