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Genesis Raises $200 Million in Series C Funding

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Genesis, a low-code and no-code startup, has received $200 million in its Series C funding round from Tiger Global along with investors such as Insight Partners, Google Ventures, Accel, Tribeca Early Stage Partners, Illuminati Financials, and Salesforce Ventures.

Stephen Murphy, Chief Executive Officer Genesis said, “The Genesis platform is already trusted by leading institutions from Citi, who is also a strategic investor from previous funding rounds, and ING to Alliance Bernstein and B3 to speed innovation and accelerate delivery of purpose-built financial markets applications”.

Murphy added, “The company has worked hard to become the primary solution for IT deliveries across financial markets, and Genesis is also increasing its focus as well as commitment towards its developer’s community. In the next coming months, with the latest round of funding, Genesis expects to welcome thousands of developers and support them in their “build-to-buy” journeys as they continue to expect their international network of institutional partners.”

The money will be used to expand the Genesis platform, its developer community, and Genesis’ buy-to-build model. This is a fantastic model that increased operational efficiency and empowered IT, teams, all over the world by providing a platform that allows them to accelerate and streamline software app development, customization of third-party solutions, and system integrations.

Partner at Tiger Global, John Curtius said, “The rise of low-code development as a centerpiece of every IT stack is undeniable – the market is predicted to reach $21 billion by 2022 – but what Genesis represents is clearly the next-generation of low code/no code path forward for the highly complex, highly regulated, and extremely valuable financial markets.”

Genesis’s low code, no code platform can incorporate flawlessly with the technology ecosystem of an organization where it drops the chances of investing any resources within new systems. The distinctive buy-to-build approach from Genesis enables companies to utilize apps with range and speed, delivers strategic advantage through quick technology development.



Read more: https://www.aixoutlook.com/trulioo-announces-acquisition-of-helloflow-no-code-orchestration-solution/









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