Genesis Global announced raising a $45 million Series B led by Accel.

Genesis Global, a London, UK-based SAAS developer of a native low-code application platform (LCAP) for financial markets, announced the completion of a $45 million series B funding round.

The money was raised from investors led by Accel and included contributions from Salesforce Ventures, and existing investors Citi, Illuminate Financial and Tribeca Early Stage Partners.

The investment will be used to grow the sales, marketing and engineering teams; expand into international markets including Asia-Pacific; and further build out the Genesis platform’s low-code / no-code tooling and functionality.

Genesis, founded in 2012 by CEO Stephen Murphy and James Harrison, developed what they call a “Low-Code Application Platform” (LCAP) which enables financial firms to accelerate the delivery of technology roadmaps with a clear focus on identifying and delivering digitization opportunities across business lines. The platform is purpose-built, modular and flexible and enables its customers to simultaneously build new applications while improving or isolating functionality of existing legacy systems.

The company announced that Citi became a strategic investor at the end of 2020.