Nammu21, a developer of digitisation and analytics platform for financial institutions, has raised an undisclosed amount from Citi in the second round of funding.
Nammu21’s exiting investors Galaxy Digital and Raptor Group Holdings also joined Citi in the latest funding round.
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Nammu21 founder and CEO Someera Khokhar said: “We welcome Citi, Galaxy Digital and Raptor as investors and look forward to collaborating with strong partners in the continued development of the Nammu21 platform”.
The fintech offers proprietary technology to enhance operational efficiencies across transaction lifecycles for financial firms.
The New York-based company’s platforms mine data from financing documents and digitise previously analogue and manual processes.
The company’s proprietary technology creates digital data sets by unlocking previously “hidden” and inaccessible data.
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By GlobalDataIts platforms are said to lead to operational efficiencies across transaction lifecycles and deliver the tools needed for the emerging digital ecosystem.
Galaxy Digital head of venture Greg Wasserman said: “We are excited to work with Nammu21 to help them deliver their solution into the market.”
The fintech firm, which was founded in 2017, has already executed many beta users deals with firms across the finance ecosystem.
The company expects to double its beta deployments in the first half of this year.
