What is Genesis?
Genesis addresses the critical 'buy vs. build' dilemma within financial markets by offering a purpose-built low-code platform. This solution empowers financial organizations to accelerate application development, providing the speed, performance, and flexibility necessary to achieve and maintain a competitive advantage in a rapidly evolving sector. The platform's architecture is designed to streamline complex development processes, enabling faster innovation and deployment of critical financial applications.
How much funding has Genesis raised?
Genesis has raised a total of $269.8M across 5 funding rounds:
Series A
$3M
Other Financing Round
$1.8M
Series B
$45M
Series C
$200M
Other Financing Round
$20M
Series A (2018): $3M, investors not publicly disclosed
Other Financing Round (2019): $1.8M led by Illuminate Financial and Tribeca Early Stage Partners
Series B (2021): $45M supported by Accel
Series C (2022): $200M featuring Salesforce Ventures, Illuminate Financial, Tiger Global Management, Tribeca Early Stage Partners, GV, Accel, and Insight Partners
Other Financing Round (2022): $20M backed by Citi, Bank of America, and BNY Mellon
Key Investors in Genesis
Citi
Citigroup Inc. is a leading global financial services company headquartered in New York City, New York. One of the world's largest banks, Citi provides a broad range of financial products and services including consumer banking, corporate and investment banking, securities brokerage, trade finance, and wealth management to individuals, corporations, governments, and institutions in over 160 countries.
Bank of America
Bank of America, founded in 1874 and headquartered in Charlotte, is a global financial institution providing comprehensive banking and financial services. The company operates through four key segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. Bank of America offers a wide range of products including savings and checking accounts, investment options, credit and debit cards, mortgages, loans, wealth management solutions, commercial lending, treasury services, and capital markets products. The company serves diverse clients including individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Bank of America delivers its services through financial centers, ATMs, digital platforms, and mobile applications, combining traditional banking with modern technology solutions.
BNY Mellon
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance and processing services. The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, renewable energy investment, and business exit services. It serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
What's next for Genesis?
The substantial enterprise-level funding and recent strategic investment indicate Genesis is poised for significant expansion and further product development. This capital infusion will likely be directed towards enhancing its low-code platform capabilities, expanding its market reach, and potentially exploring new verticals within the financial services industry. The company's trajectory suggests a focus on solidifying its position as a leader in financial technology solutions, leveraging its investor base for strategic guidance and market access.
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