Inscribe’s technology is helping to combat the $20bn fraud losses faced by US financial institutions. I talk to Burke about the technology and the company’s ambitions. In 2020 they were listed in the Forbes 30 under 30 list and earlier this year revealed plans to create 30 Dublin jobs after raising $10.5m. Inscribe is an automated document fraud detection system that allows businesses to instantly verify their customers when they request proof of income, proof of address, or proof of expense information. Ronan and Conor Burke co-founded Inscribe in San Francisco along with Oisin Moran and James Eggers after graduating from university in Dublin in 2017. The $10m funding brings total funding raised by Dublin-based Glofox to almost $23m. Last year it emerged that Glofox raised $10m (€9.2m) in funding as well as the launch of a new platform that enables gyms and fitness studios to deliver live streaming and premium on-demand content. The company was founded in 2014 by Conor O’Loughlan, Anthony Kelly and Finn Hegarty. Glofox is a business management platform that encompasses an integrated mobile and web application, a booking platform and payment processing, all specifically tailored for the health and fitness industry. “Our growth trajectory reflects how digital process automation has gone from the fringes to the mainstream, and how FlowForma Process Automation is now recognised as a fix for process pain points, delivering cost savings, efficiencies, and a great end-user experience for every type of organization in challenging economic times,” said Bush. Led by CEO Olivia Bushe, the business has raised €4m in funding that will enable it to scale significantly in the US, beginning with a new office in New York The company’s product has more than 200,000 users across more than 20 countries, with customers including Aon, Grant Thornton, Bouygues Group, NHS Trusts, and Trinity College Dublin. One of the fastest growing cloud companies in the new world of no code Business Process Management, FlowForma is dedicated to making intuitive, affordable process automation tools that empower business users to work smarter and quicker. It also achieved a breakeven operating result, a significant step forward in profitability terms. The business reported software licence growth of 22.3% to €41.1m during the financial year ending March 2021. The acquisition came on the heels of a period of strong expansion for Fenergo and the company subsequently revealed plans to create 100 new jobs in Dublin, growing its total headcount to around 1,000 people.įounded in 2009 by Marc Murphy, Fenergo’s SaaS platform provides solutions to the world’s largest and most complex financial institutions, helping to fight financial crime and to enhance customer journeys while being compliant every step of the way.įenergo currently helps top financial institutions including ICBC Standard Bank, Santander, Mizuho, ABN AMRO and BNP Paribas to digitally transform their end-to-end client lifecycle processes.Įarlier this year Fenergo reported a 17% increase in revenues to €91.3m and has grown gross profits by 20% to €52.1m. The revelation came after equity firms Astorg and Bridgepoint signed an agreement alongside the company’s management team to acquire the majority stake in the company in a deal reportedly valued at $600m. Enterpryzeįenergo – valued at more than $1bn – recently expressed its desire to achieve a valuation of $5bn in the coming years. We’re building the API for data privacy, starting with privacy cages - allowing software developers to process your most sensitive data in a fundamentally better, simpler and secure way.” Curran pointed out that Evervault shouldn’t be judged on the funding rounds but instead on the execution of its “grand plan” to build these “privacy cages” and deliver them to specific use cases and grow its customer base. Curran said: “There are now over 4.5bn people connected to the internet, but none of them have true data privacy. In 2019 when Curran was just 19, the company raised $3.2m in seed funding in a round led by venerable Silicon Valley venture capital firm Sequoia Capital along with Kleiner Perkins, Frontline, and SV angel along with some unnamed tech innovators and investors. The company last year raised $16m in a Series A round led by Index Ventures. Founded by entrepreneur Shane Curran, Evervault is creating a data privacy toolkit that developers can “bake in” into new products.
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