Mirai RiskTech raises €5m from Inveready to expand its bank balance-sheet software

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Mirai RiskTech, which sells banks software for balance sheet management, has raised €5m from Inveready, the only investor named. The money is for expanding into the UK, the US, the rest of Europe and the Middle East, growing in Spain, and further product work.

Many banks still run treasury, risk and finance on separate systems, so the chief financial officer and the chief risk officer can end up with different numbers, which is not ideal in a bank. Mirai puts interest rate risk, liquidity, funds transfer pricing and regulatory reporting on one data model, with AI tools for modelling and guided analysis. Chief executive Olmo Vázquez called the aim "a single, governed source of truth."