Genesis Raises Funds To Push Its FinTech Platform Into More Sectors

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The financial technology startup and low-code platform provider, Genesis, announced success in their recently closed $45M funding round. The fresh capital is expected to help the platform expand capabilities and cover more sectors.

Genesis is a comprehensive low-code platform that supports financial businesses with end-to-end software development, integrated with the cutting edge blockchain capabilities. With the advent of automated banking services and mounting digital payment needs in the industry, the team at Genesis aims to provide banks and financial institutions an effective platform to develop their own fintech tools and solutions.

The platform simplifies the design and development of banking services, helping users create specified applications and digital tools tailored to their specific needs and markets. Through Genesis, users are able to build seamless processes to manage transactions, digitize terms and conditions, and customize customer experience.

The goal of the financing was to expand the capabilities of the low-code platform. The $45M raised would be used to cover the costs for further investments in research, development, marketing, and customer service. As reported, the company plans to add more features to their platform and develop their operations to cover more industry sectors. 

This is a part of their larger mission to revolutionize the banking and financial services industry. In addition to the broadened capabilities, the platform would be able to provide services to banks, government institutions, and commercial companies.

This funding round was backed by a variety of venture capital firms and other investors in the industry, including the Meritech Capital Partners, Goldman Sachs, and Greylock. The team is now hoping to leverage the funds to enable customers, including banks and enterprise, to acquire top-notch FinTech solutions. 

Greg Becker, the CEO of Genesis and founder of San Francisco-based fintech company, promoted a positive outlook on the news of the funding. He said that the “investments from leading venture capital investors demonstrate the value of Genesis and signals the tremendous potential of our unique platform”.

Conclusion

This new financing round for Genesis signals the next step in their journey to become a leading provider for financial technology platforms. The low-code platform is poised to help banks and enterprise customers to develop their own customized fintech solutions to match their specific needs. With the $45M they acquired, the team is seen to expand their services to more sectors and to provide cutting-edge capabilities and tools to the banking industry. 

FAQs

Q: What is Genesis? 

A: Genesis is a comprehensive low-code platform that empowers financial businesses with end-to-end software development, integrated with the latest blockchain technology. Its services simplify the design and development of banking services.

Q: What are the plans for the funds raised? 

A: With the funding, Genesis plans to expand their capabilities and operations to cover more industry sectors. The money will be used to cover the costs for further investments in research, development, marketing, and customer service.

Q: Who are the investors?

A: The investors for this funding round include the Meritech Capital Partners, Goldman Sachs, and Greylock.

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