GenTwo, a Swiss-based B2B Fintech platform specialized in securitization of bankable and non-bankable assets, announced that it has raised a USD 15 million Series A led by US-based Point72 Ventures.
In conjunction with the investment round, Pete Casella, Senior Partner and Co-Head of Fintech investments at Point72 Ventures, “joins GenTwo’s board of directors.”
Founded in 2018 in Zurich, GenTwo has “built an innovative financial engineering network centered around its proprietary GenTwo PRO platform.” This allows investment professionals to quickly and easily “securitize and bring to market any asset or investment strategy in the form of a bankable security.”
With GenTwo, previously alternative and non-bankable assets such as real estate, fine art or digital assets – “a global market estimated to be worth over USD 78 trillion – can be made easily accessible to all investors.” The company‘s products address asset managers’ and their clients’ growing “need for innovative financial products that offer new opportunities for diversification and active portfolio management.”
To date, the company has “served more than 250 clients in 26 countries to launch well over 1,200 investment products and has more than USD 3 billion under service.”
Pete Casella, Senior Partner and Co-Head of Fintech investments at Point72 Ventures, said:
“At Point72 Ventures we like to back founders with bold ideas. GenTwo is a good example of what we are looking for, and we believe that the founders Patrick Loepfe and Philippe A. Naegeli are the right team to execute on their ideas. We are excited to support the company on their mission towards expanding the investment universe for their clients.”
Patrick Loepfe, Co-Founder and Chairman of GenTwo, said:
“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. With its experience in not only fintech but also AI, Point72 Ventures is the perfect partner to help us do even more.”
Philippe A. Naegeli, CEO and Co-Founder of GenTwo, said:
“To have a venture capital firm like Point72 Ventures reach all the way across the ocean and choose us for its first investment in Switzerland is highly gratifying. It is clear that we both see the same opportunity and that Point72 Ventures believes in our ability to deliver on it.”
GenTwo plans on using the funding “to expand internationally and further develop the company’s financial engineering platform.”