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Fenergo raises $80M at an $800M valuation for compliance and other fintech services aimed at banks [TechCrunch Blog]

Banc of California, Inc. (BANC) 
Last banc of california, inc. earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4074352
Company Research Source: TechCrunch Blog
Europe has emerged as a key region for hatching and scaling fintech companies, and today one of the bigger hopefuls is announcing a large round of funding, from a mix of strategic investors, to keep growing its business. Fenergo The funding is coming from two investors, the multinational banking giant ABN AMRO DXC Technology It will be used to continue building more products as well as for acquisitions — a notable point because we are in the middle of a strong period of consolidation in the world of fintech. With this round, Fenergo has raised around $155 million to date, with previous backers including strategics like BNP Paribas, Investec and Ergo as well as Insight Partners. “ABN AMRO and DXC Technology’s investment and partnership with Fenergo is testament to the credibility of both firms. They will be joining the ranks of BNP Paribas, Insight Venture Partners and our other equity holders” said Spencer Lake, Vice Chairman, Fenergo, in a statement. “We look forward to further accel Show less Read more
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