Fintech GenTwo Secures $15 Million in Series A Funding Led by Point72 Ventures to Expand Globally and Enhance Financial Engineering Platform
Crypto News – GenTwo, a fintech platform specializing in securitization, has successfully raised $15 million in a Series A funding round, with leading hedge fund luminary Steve Cohen’s Point72 Ventures at the helm of this investment, as announced on the company’s official website.
The Zurich-based firm intends to utilize this substantial funding injection to fuel its international expansion efforts while simultaneously enhancing its financial engineering platform.
At the core of GenTwo’s offering is its PRO platform, a pioneering solution that empowers investors to securitize and introduce any asset or investment strategy in the form of a bankable security. Notably, this platform extends accessibility to previously non-bankable assets, encompassing diverse categories such as real estate, fine art, and digital assets, making them available to a broader spectrum of investors.
In a significant development, Pete Casella, a distinguished senior partner and co-head of fintech investments at Point72 Ventures, will be joining GenTwo’s board of directors, further strengthening the collaboration between the two entities.
Point72 Ventures, a globally renowned venture capital fund with headquarters in New York and Menlo Park, California, is known for its versatile investment approach, ranging from early-stage funding (pre-seed) to support during a company’s pre-IPO phase, with investment sums spanning from $250,000 to $50 million.
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