Eisen raises $18.5 million to help Americans recover $70 billion in forgotten funds held by state governments
Eisen, a startup focused on helping individuals recover unclaimed funds held by state governments, has secured $10 million in Series A funding led by MissionOG. The company's service assists financial platforms in managing escheatment, a process where dormant assets are turned over to the state, and aims to reunite customers with their money. Eisen is particularly focused on the burgeoning issue of unclaimed cryptocurrency assets, which are increasingly being treated as escheatable property by states. AI
IMPACT Helps financial institutions manage unclaimed assets, particularly crypto, potentially reducing user friction and improving compliance.