Genesis raises USD 200 mln

Thursday 17 February 2022 11:56 CET | News

Genesis, which has built a low-code/no-code application platform for the financial markets, has landed a USD 200 million investment led by Tiger Global Management.

Insight Partners, Accel, GV (formerly Google Ventures), Illuminate Financial, Tribeca Early Stage Partners and Salesforce Ventures also participated in the round.

Financial markets require highly specialised tools that comply with and excel in strictly regulated environments. Genesis gives financial firms a way to ‘build and buy’ applications with its low-code solution so they can move quickly and more flexibly and efficiently to gain a competitive edge. Therefore, Genesis has built a low-code/no-code platform for financial institutions with the aim of changing the way they develop new applications.

The company plans to use the new capital to accelerate the expansion of its platform and developer community and to improve its go-to-market for its platform growth. It also plans to do more hiring.

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Keywords: funding, financial services, financial institutions, digitalisation, expansion
Categories: Banking & Fintech
Companies: Genesis, Tiger Global
Countries: World
This article is part of category

Banking & Fintech



Tiger Global

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