Nammu21 Raises $5M in Series A Financing

Nammu21

Nammu21, a New York-based company building an integrated platform that deconstructs loan documents into digital data, raised $5M in Series A funding.

The round was led by XBTO Humla Ventures, with participation from CoinShares, Circle Ventures, Citi, and Galaxy. Existing investors include Citi, Galaxy, and several senior executives across the syndicated loan industry.

The company intends to use the funds to continue developing its NLP data and workflow solutions, which dynamically expose critical data elements and relational data embedded in complex high-value syndicated loans.

Led by Someera Khokhar, Founder and CEO, Nammu21 is dynamically unlocking, classifying, digitizing and converting static data buried in complex syndicated loan agreements into interoperable, harmonized machine-readable digital identifiers creating workflow and data solutions for the analogue market of today and developing programmatic credit instruments and data driven securities tradeable.

The company is working with several leading financial institutions.

Someera Khokhar is a 25-year veteran of the syndicated loan industry. She was formerly a senior partner at White & Case, where she served in multiple elected and appointed global leadership roles, including the firm’s Partnership Committee and leading its Energy, Infrastructure and Finance Americas practice. She founded Nammu21 after realizing the critical need for innovation and digitization across the private credit markets.

FinSMEs

08/11/2022