Genesis Secures $45 Million in Series B Funding

Genesis, the global financial markets software firm, recently announced that it has raised $45 million in series B funding led by Accel, with participation from GV, Salesforce Ventures, and existing investors Citi, Illuminate Financial and Tribeca Early Stage Partners.

According to the official announcement, the company will use the investment to grow sales, marketing and engineering; for international expansion; and to further develop the platform’s low-code / no-code tooling and functionality.

Genesis is helping firms build new software more than 5x faster than if they had started from scratch, with less code and at a lower cost. Its resilient, secure and scalable platform addresses regulatory and competitive requirements such as real-time reporting and low-latency. By providing a modular and flexible purpose-built framework, the Genesis platform enables its customers to simultaneously build new applications while improving or isolating functionality of existing legacy systems. They can finally break away from the old paradigm of ‘build versus buy’, in favour of ‘build and buy’.

Founded by Stephen Murphy and James Harrison, who bring extensive technology and systems experience from top tier financial institutions, the Genesis team is based across offices in the UK, US and Brazil. 

Stephen Murphy, CEO and co-founder of Genesis, said: “Over the past few years, we’ve seen the low-code revolution sweep multiple industries but in financial markets, legacy vendors and generalist low-code providers still dominate. Many firms are missing out on the benefits of low-code programming – agility, value and flexibility – at a time in which they’ve never needed it more. We knew there had to be a better way to build software in financial markets and enterprises more broadly. Our low-code application platform is a game changer, democratising product design and helping firms deliver digital innovation quicker and with less code. We are excited to have Accel on board who has a long track record in supporting category-leading companies in low-code and enterprise automation.”