Zurich/New York - Fintech company GenTwo has acquired Series A financing from New York-based start-up backers Point72 Ventures. With an investment of 15 million dollars, Pete Casella from Point72 Ventures has also joined GenTwo’s board of directors.

Financial company GenTwo, which is based in Zurich, has secured Series A financing totaling 15 million dollars, according to a press release. The investor is New York-based venture capital firm Point72 Ventures. In return, Pete Casella, Senior Partner and Co-Head of Fintech Investments at Point72 Ventures, is joining GenTwo’s board of directors. The company plans to use the capital raised to step up its international expansion and develop its financial engineering platform.

Founded in Zurich in 2018, GenTwo operates a B2B platform specializing in securitization of bankable and non-bankable assets, which enables investment experts to quickly securitize and bring to market any asset. Notably, investors gain access to non-bankable assets such as real estate, fine art and digital assets.

GenTwo operates in a global market worth an estimated 78 trillion dollars. The company says that to date, it has launched over 1,200 investment products for more than 250 clients in 26 countries, and has over 3 billion dollars under management.

“At Point72 Ventures we like to back founders with bold ideas. GenTwo is a good example of what we are looking for,” says Pete Casella in the press release. He adds that the venture capital firm believes that “the founders Patrick Loepfe and Philippe A. Naegeli are the right team to execute on their ideas”.

“We have always been a strongly technology-focused company and have worked hard to create what we believe is a unique securitization platform that offers clients unmatched simplicity, efficiency and cost-effectiveness,” explains Patrick Loepfe, Co-Founder and Chairman of GenTwo. “With its experience in not only fintech but also AI, Point72 Ventures is the perfect partner to help us do even more.” ce/ww


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