Genesis Global secures £16.4m in Series C follow on funding from Bank of America, BNY Mellon and Citi
Bank of America, BNY Mellon and Citi provided the latest strategic investment to support the low-code platform.
Genesis Global provides a low-code application development platform designed specifically for financial markets organisations. The technology enables institutions to accelerate digital transformation and replace legacy systems.
Genesis Global has secured £16.4m in a Series C follow on investment from three major banking institutions. Bank of America, BNY Mellon and Citi backed the latest financing, which builds on the company's previous funding rounds. The fresh capital will support ongoing demand for low-code software solutions across the financial sector.
The firm has experienced rapid expansion, marked by a tripling of revenue and headcount during the previous year. Financial institutions utilise the platform to automate manual processes and upgrade legacy infrastructure. The backing from these established financial services firms highlights the adoption of modern development tools in the market.
From the founder
"This strategic support from Bank of America, BNY Mellon and Citi demonstrates their confidence in low-code as an accelerator for the next wave of IT innovation,"
Stephen Murphy
CEO at Genesis Global
Investor perspective
"Our clients and environment demand more innovation and productivity in terms of IT output,"
David Trepanier
Head of Structured Products, Global Credit and Special Situations, Bank of America
Investors
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About the company
Genesis Global
Genesis Global provides a low-code application development platform designed for financial markets.