Eisen Lands $18.5M to Reduce Financial Compliance Complexity for Banks and Fintechs

State governments across the United States are sitting on nearly $70 billion in consumer funds. The money belongs to roughly 33 million Americans whose accounts were deemed dormant and surrendered to state custody by the financial institutions that held them. It is one of the largest, least discussed consumer finance problems in the country. Now, Eisen, a New York-based compliance infrastructure startup, has raised $18.5 million to make sure less of that money ends up there in the first place.

The total raise comprises a $10 million Series A led by MissionOG, a growth equity firm focused on financial technology and data businesses, and a previously undisclosed $8.5 million seed round led by Index Ventures. Cowboy Ventures, First Round Capital, Homebrew, and Restive Ventures also participated in both rounds. Eisen plans to use the capital to expand its compliance coverage, broaden the regulatory workflows it automates, and scale the team serving fintechs, traditional financial institutions, and digital asset companies.

The problem the company is solving is not new. Escheatment law has existed for decades. The original idea was straightforward: if a financial institution loses contact with a customer, the state steps in to hold the money until the rightful owner claims it. The intent was consumer protection. But the operational burden of actually executing that process has grown far beyond what most compliance teams can manage. Today, firms must track hundreds of millions of accounts across 50 different state rule sets, each with its own dormancy periods, notification requirements, and reporting deadlines. Most still do it with spreadsheets, disconnected vendors, and institutional memory passed between employees.

No major software company had built purpose-built infrastructure for the problem. Compliance teams cobbled together internal tools and outside counsel. That is the gap Eisen is targeting.

“Every dollar in state custody represents a real person who never expected their money to disappear,” said Allen Osgood, co-founder and CEO of Eisen. “The rules governing dormant assets were not built for crypto wallets, fintech platforms, or digital-first banking. Most institutions are sitting on five to ten times more liability than they realize. Eisen prevents that loss before it happens.”

Osgood co-founded the company after serving as a product manager at Coinbase, where he witnessed how quickly regulatory complexity can overwhelm fast-growing financial platforms. He holds a Master of Science in Computer Science and a Bachelor of Science in Computer Science and Finance from Washington University in St. Louis. Co-founder Stephanie Mer rounds out the founding team.

Eisen has built an AI-enabled compliance operations platform that replaces manual processes with software that continuously applies state-by-state regulatory requirements directly into daily account operations. Rather than treating compliance as a periodic, reactive exercise, the system monitors account activity in real time and flags dormancy risk early in the account lifecycle. It covers escheatment, tax reporting including 1099 filings, and disbursement workflows, giving compliance and operations teams a single system of record for managing the full account offboarding process. An automated outreach engine contacts customers through systematic notification channels, attempting to reconnect account holders before their assets ever reach state custody.

The traction suggests the approach is working. Eisen currently monitors nearly $16 billion in balances across tens of millions of accounts at roughly 50 clients, including Adyen, Binance.US, BitGo, OKX, and PeoplesBank. In 2025, the platform prevented more than 31% of at-risk assets from being lost to state custody. That is money that would have otherwise left the financial system entirely, taking revenue, customer relationships, and consumer trust with it.

“Eisen solves a problem every financial institution, fintech, and digital asset company faces every day, and takes both the operational headache and the regulatory risk off the table,” said Jason Tiede, Managing Partner at MissionOG and board member at Eisen. “Allen and the team have built something rare: an AI-enabled compliance system of record, purpose-built for modern financial services.”

The regulatory environment is only intensifying. A growing number of states, including California, New York, Delaware, and Florida, now classify digital assets as escheatable property. Many require platforms to liquidate dormant tokens at prevailing market prices before remitting proceeds to the government. That creates involuntary tax events for consumers who had no say in the transaction. Federal legislation is compounding the pressure. The GENIUS Act is pulling stablecoins and digital assets deeper into the regulated financial system, forcing the platforms that hold them to comply with state-level escheatment frameworks that were never designed for these asset classes.

In 2024, approximately $4.5 billion in unclaimed property was returned to rightful owners. But billions more continue to flow out of bank accounts, investment platforms, and crypto wallets each year without reaching the people they belong to. The gap between what is recovered and what is lost continues to widen.

Eisen sees its current product footprint as a starting point. The same pattern of fragmented, manual, state-by-state compliance work that defines dormant-account management also appears across dozens of other regulatory domains. The company intends to expand into adjacent compliance categories over time, building on the operational infrastructure it has already deployed across its client base.

For an industry that has long treated compliance as a cost center rather than a technology problem, Eisen represents a different thesis. Purpose-built software can replace the manual work. Proactive automation can catch risk before it becomes loss. And a single platform can bring coherence to a regulatory landscape that was designed for a financial system that no longer exists. With $18.5 million in fresh capital, a client roster that spans traditional banking and digital assets, and a compliance environment that grows more complex by the quarter, the company is positioned to define what this category looks like going forward.

About Eisen

Eisen is a compliance operations infrastructure company for fintechs and financial institutions that hold customer funds. Based in New York, the platform replaces spreadsheets, disconnected vendors, and institutional memory with software that continuously applies regulatory requirements across all 50 states. Eisen supports escheatment, disbursement, and 1099 reporting, and currently monitors tens of millions of accounts representing $16 billion in balances. For more information, visit witheisen.com.