Introduction

Globally trustedlow-code, no-code company bags a huge funding of $200 million in its Series C funding round. The IT delivery strategy company, Genesis said that it will use the newly raised funds for expand its developer community and grow the platform as a whole. The Series C funding round for Genesis was led by Tiger Global and was supported by Insight Partners, Google Ventures, Accel, Tribeca Early Stage Partners, Illuminati Financials, and Salesforce Ventures.

The $200 funding to be used for expansion

The development platform built especially for financial markets players said that the funds are to be used for further expansion of the Genesis platform, its developer community, and Genesis’s buy-to=build model. This is a great model that enhanced operational efficiency and empowers IT teams across the globe by offering them a platform that enables them to accelerate and streamline development of software apps, customization of 3rd party solutions, and system integrations.

Stephen Murphy, Chief Executive Officer Genesis said that “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 that the company has worked hard to become the primary solution for IT deliveries across financial markets, and that Genesis is also increasing its focus as well as commitment towards its developers 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 Genesis low code, no code platform seamlessly integrates with an organization’s technology ecosystem, eliminating the need to invest any resources into new systems. Genesis’s unique buy-to-build approach allows firms to deploy apps with scale and speed which provides them with a strategic advantage via rapid technology development.

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.”

Curtius believes that Genesis has a proven track record of creating enduring, world-class low-code/no-code platforms and solutions, which makes them the perfect complement to Tiger Global’s exciting portfolio of investments. He further added that Tiger Global Management looks forward to supporting Genesis as it continues to go from strength-to-strength.

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Benefits of the Genesis Low-Code/No-Code Platform

1. Rapid Application Development: Genesis empowers financial institutions to create applications in weeks rather than years, significantly reducing time to market and improving overall operational efficiency.
2. Streamlined System Integration: With its seamless integration capabilities, the platform removes the need for companies to invest in new systems, making it easier for firms to enhance their existing technology ecosystem.
3. Enhanced Developer Community Support: The funding will be used to expand Genesis’s developer community, which will further drive innovation, allowing developers to quickly build and deploy solutions, accelerating business growth.
4. Competitive Edge for Financial Institutions: By leveraging the low-code/no-code capabilities of Genesis, firms gain a strategic advantage through faster and more efficient software development, system customization, and app deployment.
5. Buy-to-Build Model: Genesis’s “buy-to-build” approach enables organizations to deploy applications with scalability and speed while ensuring that customization and system integration requirements are met, giving businesses a competitive edge in highly regulated financial markets.
6. Future-Proof Technology: The platform utilizes cutting-edge technologies, including event-driven architecture and APIs, to meet the performance and scalability demands of global financial markets.

About low/no code platform provider Genesis

Headquartered in New York, Genesis is the leader of financial institutions “buy-to-build” of the world. With Genesis, developers can power application development in weeks, not years. Its platform has numerous capabilities, has incredible speed and performance, and possesses the flexibility that today’s financial institutions require to get a competitive edge.

Created with some of the most modern technologies, Genesis has an event-driven architecture, many internal as well as external APIs, and is ready to handle the performance and scalability requirements of the world’s pioneer financial markets organizations.

Conclusion

Genesis’s $200 million Series C funding marks a significant milestone for the company as it accelerates its mission to become the leading solution for IT delivery in the financial markets. The expanded resources will enable Genesis to enhance its platform, grow its developer community, and support financial institutions in their digital transformation journey. As the low-code/no-code market continues to grow, Genesis is well-positioned to remain at the forefront, helping financial institutions speed up innovation and development while gaining a competitive edge in the market.

FAQs

1. What is the primary goal of Genesis’s $200 million Series C funding? The funding will be used to expand the Genesis platform, strengthen its developer community, and enhance its “buy-to-build” model to help financial institutions accelerate their software development and integration processes.

2. Who are the key investors in Genesis’s Series C round? Genesis’s Series C round was led by Tiger Global and supported by Insight Partners, Google Ventures, Accel, Tribeca Early Stage Partners, Illuminati Financials, and Salesforce Ventures.

3. What is Genesis’s “buy-to-build” model? Genesis’s “buy-to-build” model enables firms to deploy customized applications quickly, with scale and speed, by leveraging the platform’s low-code/no-code capabilities. It allows organizations to build and integrate applications without investing in new systems, which provides a competitive advantage.

4. How will Genesis’s low-code/no-code platform benefit financial institutions? Genesis’s platform enables financial institutions to develop applications in weeks instead of years, streamline integrations, reduce time-to-market, and enhance operational efficiency, giving them a significant edge in highly regulated and competitive markets.

5. What is the market potential for low-code/no-code platforms like Genesis? The low-code/no-code development market is predicted to reach $21 billion by 2022, with Genesis poised to be a leader in this space, especially in the highly complex and regulated financial markets sector.

6. How does Genesis ensure scalability and performance? Genesis is built on an event-driven architecture and offers numerous internal and external APIs, making it capable of handling the performance and scalability needs of leading financial institutions globally.

7. How fast can Genesis help organizations deploy applications? With Genesis, developers can power application development in a matter of weeks, reducing the time it typically takes to develop applications in traditional IT environments, and speeding up innovation for financial organizations.

8. What is Genesis’s role in the low-code/no-code industry? Genesis is recognized as a leader in providing low-code/no-code solutions tailored to financial markets, helping institutions streamline their IT delivery processes, accelerate software development, and maintain a competitive edge.