Irish fintech Fenergo valued at over $1bn after $600m deal

Fintech company Fenergo has become the State’s third official Irish tech unicorn after being valued at over $1 billion in a new deal, according to industry sources.

Fenergo follows in the footsteps of Intercom and Workhuman in being awarded unicorn status after selling a majority stake in the business for $600 million. Industry sources estimate that the deal values Fenergo at $1.165 billion (€963.35 million).

London-based Bridgepoint, an alternative asset fund management group with assets of €26 billion under management, and French private equity group Astorg, have joined together to buy out stakes previously owned by Insight Venture Partners and DXC.

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Source: Irish fintech Fenergo valued at over $1bn after $600m deal