Fenero CEO, Sinead Doherty. Photo: Roger Kenny

Irish tax firm opens new office on Leeside

An Irish personal taxation and financial management firm has announced the opening of an office in Cork city.

Fenero recently confirmed it will open in the Republic of Work.

Founded by Dublin native Sinead Doherty in 2009, Fenero specialises in providing tax and payment management solutions to the contingent workforce including professional service contractors, freelancers, and the businesses who engage them.

It comes as the company also announced the recent acquisition of Indian IT and financial company Eolas Technologies, expanding the company’s presence across international waters and growing its employee headcount to 70.

It expects to grow its overall headcount by a further 20% to 85 by the end of 2022. The company processes over €200 million in payments annually.

CEO Sinead Doherty said: “We’re excited and energised by the direction of the company following what was a challenging time during the pandemic. Since then, we’ve developed our business strategy and have been very focused on building out new capabilities and capacity within the business. We’re thrilled to be opening an office in Cork City and having a presence on the ground there. The acquisition of Eolas Technologies, a company with which we’d previously worked and shown great synergies, is allowing us to accelerate the undertaking of a complete digital transformation across the business, to enhance and innovate both the customer and employee experience.”

Ms Doherty added: “Our in-house team of developers and UX designers now make up almost 10% of our team, which is a significant shift arising from our strategic commitment to digital transformation and our technology platforms.”

Fenero has said its turnover exceeded €3 million in 2021.

When it comes to the future, Fenero is focused on technological change.

Ms Doherty explained: “Technology is continuing to evolve rapidly. The possibilities it brings for further innovating the experience for people in need of tax and financial management services are exciting.”