Genesis Global Secures $20M from BofA, BNY Mellon, and Citi

Genesis Global, a low-code development platform serving financial markets, secured $20 million in strategic funding from Bank of America, BNY Mellon, and Citi. This investment came on the heels of a $200 million Series C round completed earlier in 2022, reflecting sustained investor confidence in the platform. Genesis Global provides low-code tools that enable financial institutions to rapidly build and deploy applications for trading, risk management, and other financial market functions.

The participation of three major global banks as investors underscores the growing appetite among traditional financial institutions for platforms that accelerate digital transformation. The strategic nature of the investment suggests potential deeper integration of Genesis technology within these banks' operations. The funding will support continued development of the platform's capabilities and expansion within the financial services sector.