FinTech: Swiss Asset Securitization Fintech GenTwo Raises $15M
The Series A round was led by hedge fund luminary Steve Cohen’s US-based Point72 Ventures.
GenTwo, a Swiss B2B Fintech platform specializing in securitization of bankable and non-bankable assets, has secured a USD 15 million Series A funding round led by Point72 Ventures from the US. Following this investment, Pete Casella, Senior Partner and Co-Head of Fintech investments at Point72 Ventures, joins GenTwo’s board of directors.
GenTwo, founded in Zurich in 2018, has created the GenTwo PRO platform, a financial engineering network enabling easy securitization of various assets and investment strategies as bankable securities. This innovation opens up access to previously non-traditional assets, like real estate and digital assets, estimated at a global value of over USD 78 trillion.
GenTwo’s offerings cater to asset managers and clients seeking diversified and actively managed portfolios. The firm has served over 250 clients in 26 countries, launching over 1,200 investment products and managing more than USD 3 billion in assets.
Point72 Ventures is an international venture capital fund with offices in New York and Menlo Park, California. The company’s investment portfolio spans from $250,000 to $50 million, covering a wide spectrum from pre-seed stage to pre-IPO investments.
The funding will support GenTwo’s international expansion and further development of its financial engineering platform.
Related Story: JPMorgan Chase Hikes Stake In Brazilian Digital Bank C6 To 46%
Image Credit: GenTwo
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