Private market operations remain one of the most manual areas of financial services. While trading and processing in public markets have become increasingly automated over the years, many private market firms still depend on spreadsheets, disconnected systems, and repetitive data entry.

Nomerra believes that gap is ready to close. The company has announced a $2 million funding round led by 14Peaks Capital, with participation from Redstone Fintech and individuals from firms including KKR and Intapp. The investment will support expansion of its engineering team and growing demand from enterprise asset servicers and asset managers across Europe and the United States.

From industry experience to a new startup

Nomerra was founded by Johannes Gebendorfer and Jakob Zacherl, who were among the early employees at bunch. During their time there, they helped scale the company across Europe and experienced first-hand how AI could simplify operational processes inside private market infrastructure.

That experience shaped Nomerra’s mission. Rather than replacing existing enterprise software, the company builds AI agents that work alongside the systems firms already use, including ERP platforms, banking systems, email, and document repositories.

The goal is to reduce the amount of repetitive manual work involved in fund accounting, treasury, and transfer agency operations.

Moving people from execution to review

Private markets have become significantly more complex in recent years. More reporting requirements, expanding asset classes, semi-liquid fund structures, and increasing regulatory obligations have all added operational pressure. At the same time, firms face a shrinking pool of qualified accounting professionals.

Nomerra’s platform is designed to automate document processing, data extraction, verification, and workflow execution while maintaining a complete audit trail. Instead of producing every deliverable themselves, operations teams review work completed by AI agents and verify the results before they are finalised.

The company’s longer-term vision is for teams to supervise groups of AI agents capable of completing entire operational processes independently, allowing human expertise to focus on oversight rather than repetitive execution.

Key takeaways for fintech startups

There are several useful lessons founders can take from Nomerra’s approach:

• Strong startup ideas often come from solving problems founders have experienced themselves.
  
  
• AI adoption is often easier when new products integrate with existing enterprise systems instead of replacing them.
  
  
• Operational efficiency remains a major opportunity in financial services, especially in areas that still depend on manual processes.
  
  
• Investors continue to back startups addressing clear infrastructure challenges with measurable business value.

If you’re building a fintech startup and want to sharpen your strategy, positioning, or growth plan, Your Fintech Story can help. Reach out to discuss how we can support your next stage of growth.