Building the rails for private capital
Trillions of dollars move through private markets every year, and almost none of it moves on infrastructure designed for the job. Capital calls go out as PDFs. Wire instructions live in email. Reconciliation happens in spreadsheets. Every step is a handoff between systems that were never meant to talk to each other.
We started Interro because that gap is not a tooling inconvenience — it is operational risk. When no single system owns a transaction from initiation through reconciliation, errors hide in the seams: misdirected wires, short payments, amendments that never make it back to the book of record.
What “purpose-built” means
Generic payment rails optimize for high-volume, low-value, consumer transactions. Private markets are the opposite: low-volume, high-value, multi-party, and compliance-heavy. A single capital call can involve dozens of investors, each with their own banking details, identity verification, and settlement timing.
Purpose-built means the workflow is the product — verification, payment, reconciliation, and exception handling as one connected system, not five disconnected ones.
Where we go from here
We are building in the open with a small group of design partners. If you run capital operations at a fund or GP and the status quo frustrates you as much as it frustrates us, we would like to talk.