US-based regtech company Eisen has raised a total of $18.5 million in funding through a previously undisclosed $8.5 million seed round led by Index Ventures and a $10 million Series A round led by MissionOG.
Additional investors participating in the Series A include Cowboy Ventures, First Round Capital, Homebrew, and Restive Ventures.
Founded in 2021, Eisen develops compliance operations infrastructure for fintech companies and financial institutions that manage customer funds. The company focuses on account dormancy and escheatment compliance, the process of transferring unclaimed assets to state custody after prolonged inactivity.
Eisen says its AI-powered platform helps institutions monitor dormant accounts, manage state-by-state compliance requirements, and reduce the risk of customers losing access to forgotten assets. The system also automates customer communications while providing alerts and recommendations designed to identify potential compliance issues before funds are transferred to government custody.
According to the company, its platform helped prevent more than 31% of assets from being transferred to state custody last year.
Eisen plans to use the new funding to expand its compliance coverage capabilities and grow its team supporting fintech firms, banks, and digital asset companies.
The company has also expanded its partnership network, recently adding Nashville-based investment management firm AllianceBernstein. Existing partners include Binance.US, Adyen, and PeoplesBank.
