Fenergo is looking to boost its value proposition through acquisitions after securing $80 million
Such acquisitions enable startups to create a stickier value proposition that can help attract more potential users and retain existing customers. And in the future, Fenergo could look into expanding its regtech offering by moving into new customer segments like insurance or by offering solutions for regulatory reporting or transaction monitoring — regtech segments that currently have fewer startups competing for market share.
Ireland's fintech ecosystem hasn't been investors' focus recently, but this latest round is bucking that trend.
Additionally, uncertainty around Brexit hasn't shaken the investors' confidence in the UK's fintech industry — funding increased from $3.6 billion in 2018 to $4.9 billion last year — suggesting that not many will seek out alternative locations for investments. As such, big funding rounds like Fenergo's will likely remain a rarity in Ireland, and those winning the funding race will likely be startups working with big corporates or on a business-to-business model.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTC looking at past acquisitions by Amazon, Facebook, Google, others - Business InsiderThe FTC is looking into past acquisitions by Amazon, Apple, Facebook, Microsoft, and Google-parent Alphabet as it ramps up antitrust inquiries
Read more »
Unmind: Mental health tech startup raises $10 million from Project A - Business Insider'The negative impact on companies of poor mental health is massive and we want to help change that,' Unmind CEO Nick Taylor told Business Insider.
Read more »
Cybersecurity startup Deep Instinct raises $43 million, turns down M&A - Business InsiderIt's more common for security startups to get acquired, such as BlackBerry acquiring Cylance. Deep Instinct CEO Guy Caspi wants to buck that trend.
Read more »
T-Mobile-Sprint merger just cleared its last hurdle - Business Insider - Business InsiderThe formation of New T-Mobile amid a time of flux in the US wireless market will have wide-ranging consequences for the US telecommunications space.
Read more »
Netflix is investing in kids content - Business Insider - Business InsiderGreater investment in kids content from Netflix could cause even more young viewers to migrate away from ad-supported environments
Read more »
Battery Ventures just raised $2 billion for its biggest fund yet - Business InsiderBattery Ventures partner Chelsea Stoner explains why she looks for startups that can't be reached by a direct flight as her firm announces a new $2B fund
Read more »