Empyrean Solutions offers a cloud-based platform that unifies balance sheet, loans, treasury & funding, deposits and general ledger data at a transaction level to support finance teams at financial institutions. The product set began as an Asset & Liability Management (ALM) specialist and now includes Budgeting & Planning, Profitability, Data & Analytics and other Office-of-the-CFO capabilities. The company positions its software to replace legacy systems and disparate datasets with a single SaaS platform for scenario planning, risk/performance analysis and strategic decision-making. Empyrean plans to accelerate its product roadmap to address additional Office-of-the-CFO solutions, expand sales and marketing to meet growing demand, and pursue international expansion and deeper penetration of the largest US and global banks. The company reports sustained operating momentum: revenue growth of 40% per year since 2017, 270 total software customers as of October 2024 (including 70 new customers in the prior 12 months), and 110 customers adopting its Budgeting & Planning module in its first year. Empyrean has received industry recognition (Chartis RiskTech awards) and added industry talent to support expansion. Empyrean Solutions provides a software platform that centralizes balance-sheet management, scenario planning, and risk analysis for banks and credit unions of all sizes. Its modular product suite includes asset and liability management, liquidity stress testing, deposit analytics, budgeting, and profitability tools to give CFOs and business stakeholders a unified view of financial strength. Led by CEO Chris Maclin and Executive Chairman Raffi Festekjian, the company emphasizes product integration across modules. The company raised $74M in minority growth financing and plans to use the proceeds to accelerate investments in product innovation. Spectrum Equity led the round and will add Adam Margolin and Lauren Shimbo to Empyrean’s board; Information Venture Partners also participated.

Total raised

$74M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2021