Polypaths
PolyPaths is a fixed-income analytics platform providing cash flow modeling, prepayment and loss forecasting, ALM, and CCAR stress testing for institutional MBS investors and fixed-income desks, now operated as a subsidiary product line of Numerix following a 2026 strategic acquisition.
- Company typePrivate
- Founded1996
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Polypaths does
PolyPaths LLC is a New York-based fixed-income analytics software company founded in 1996 that provides quantitative analytics for residential loans and mortgage-backed securities (MBS). Its platform is purpose-built for institutional fixed-income desks, MBS investors, and asset-liability/risk management teams at banks, asset managers, and insurance companies who require cash flow modeling, prepayment and credit loss forecasting, and regulatory stress testing (notably CCAR scenarios) across large mortgage and structured product portfolios.
The core technology stack centers on PolyPaths Desktop, which comprises the AppPort portfolio management and calculation module, the ALM (Asset-Liability Management) module for general ledger setup, cash flow forecasting, and simulation, and PolyPaths BatchCal for automated batch processing. Supporting components include a Prepay/Loss API that allows clients to plug in proprietary prepayment and credit models, a Distributed Processing/Enterprise layer for scaling calculations across compute resources, an Integration Framework for custom model plug-ins, and a documented Stress Testing framework for building CCAR scenarios with manual and bulk import/export capabilities. The platform's differentiators are domain specialization in MBS, configurability through PPConfig settings, and the ability to accept client-specific quantitative models.
The business model is enterprise software licensing on a quote-based, bespoke annual or multi-year subscription basis, supplemented by recurring maintenance and support contracts. Go-to-market is conducted through Numerix's enterprise field sales force (following PolyPaths' 2026 strategic sale to Numerix LLC), with a self-serve client portal (polypaths.com) serving as a post-sale retention and support channel via documentation, user guides, webinars, and the monthly Pathways newsletter. A separate horizontal channel exists for fixed-income analytics vendors and distributors, exemplified by the Andrew Davidson & Co. partnership. As a Numerix subsidiary, PolyPaths now operates primarily as a product line within Numerix's broader cross-asset quantitative analytics portfolio rather than as an independent growth-stage company.
Polypaths firmographics
Firmographics- Name
- Polypaths
- Legal name
- PolyPaths LLC
- Website
- https://polypaths.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PolyPaths is a fixed-income analytics platform providing cash flow modeling, prepayment and loss forecasting, ALM, and CCAR stress testing for institutional MBS investors and fixed-income desks, now operated as a subsidiary product line of Numerix following a 2026 strategic acquisition.
- Ownership category
- akta.pro rank
Polypaths industry classification
Industry- Product category
- Fixed-income analytics software
- NAICS
- Mortgage and Nonmortgage Loan Brokers (522310)
- SIC
- Loan Brokers (6163)
- akta.pro primary industry
- Marketplace & Loan Aggregation Platforms (Borrower-Lender Matching) (FSAGAHAL)
Keywords
Where Polypaths is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Polypaths business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Enterprise Software Licensing: Enterprise licensing of PolyPaths analytics software to financial institutions for MBS valuation, prepayment modeling, ALM, and risk management. Licensing structure is bespoke and quote-based, typical of enterprise software sales to institutional clients.
- Software Maintenance and Support: Ongoing support services, product updates, and release notifications provided to licensed customers through the client portal, consistent with annual maintenance contracts typical in enterprise software.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise licensing (quote-based) |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Polypaths product offering
Product offeringCore offering
PolyPaths provides a fixed-income analytics platform for residential loans and mortgage-backed securities, delivered through PolyPaths Desktop and supporting modules (AppPort, ALM, BatchCal). The platform delivers prepayment and credit loss modeling, asset-liability management, multi-horizon scenario/CCAR stress testing, distributed enterprise-scale processing, and a Prepay/Loss API that lets clients plug in proprietary prepayment and loss models.
Product overview
PolyPaths is a fixed-income analytics platform, now part of Numerix, that powers decisions across the trade lifecycle. The core offering is PolyPaths Desktop, which provides quantitative analytics for residential loans and mortgage-backed securities. The platform consists of integrated modules including AppPort (for portfolio creation, importing, and calculations), ALM (for asset-liability management, cash flow forecasting, and simulation), and BatchCal (for batch processing). Additional capabilities include a Prepay/Loss API for custom model integration, Distributed Processing for enterprise-scale computing, Enterprise deployment options, and built-in Stress Testing features for regulatory compliance scenarios. The platform operates as a client portal providing documentation, user guides, help files, and the Pathways monthly newsletter.
Differentiator
Problem solved
Functional benefit
Products and services
- PolyPaths Desktop Desktop analytics platform for fixed-income instruments providing portfolio management, cash flow modeling, prepayment and credit loss modeling, and risk analysis for residential loans and mortgage-backed securities. Used by fixed-income desks, MBS investors, and ALM/risk teams at financial institutions.
- PolyPaths AppPort Portfolio management and analysis application for creating and importing portfolios, running calculations, and configuring settings such as interest rate paths, prepayment models, and third-party data paths. Sold as a separately installable desktop module for fixed-income portfolio workflows.
- PolyPaths ALM Asset-Liability Management module providing general ledger setup, accounting elections, new product creation, built-in and custom reporting, strategy configuration, cash flow and risk forecasting, and simulation runs. Used by ALM teams at financial institutions managing fixed-income portfolios.
- PolyPaths BatchCal Batch calculation engine with command-based scripting for automated, bulk processing workflows across PolyPaths calculations. Targeted at operations and risk teams needing scripted, repeatable large-scale runs.
- PolyPaths Prepay/Loss API API product that allows clients to plug in their own prepayment and credit/loss models within PolyPaths, enabling proprietary model integration and customization of prepayment and loss analytics.
- PolyPaths Distributed Processing / Enterprise Scalable distributed computing infrastructure for large-scale portfolio computations, with installation and administration guides for enterprise deployments. Targeted at institutions needing distributed, enterprise-grade compute across large MBS/fixed-income portfolios.
Companies that use Polypaths
Customer profileSegments2 records
Ideal customer profiles2 records
Polypaths technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
Polypaths partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Andrew Davidson & Co., Inc. (AD&Co)coreAD&Co is a provider of analytical intelligence for residential loans and mortgage-backed securities. PolyPaths previously partnered with AD&Co as a vendor, distributing AD&Co models on the PolyPaths platform. Following PolyPaths' sale to Numerix, AD&Co is now a key business development partner, with Kelli Sayres and Gene Park (formerly Managing Partners at PolyPaths) joining AD&Co's Business Development team to continue the relationship.
Scale indicators1 record
Recent moves5 records
Expansion highlights4 records
Polypaths competitors and assessment
Company assessmentDirect peers
- FINCAD: FINCAD provides enterprise financial analytics software for derivatives and fixed-income pricing and risk. It overlaps PolyPaths in fixed-income and structured-finance analytics for institutional clients.
- Andrew Davidson & Co. (AD&Co): AD&Co is a leading provider of prepayment and credit analytics for residential loans and MBS. It is a direct competitor to PolyPaths in residential mortgage analytics and was previously a distribution partner on the PolyPaths platform.
- Intex Solutions: Intex provides cash-flow and analytics services for structured finance, including ABS and MBS, with a heavy focus on deal modeling and valuation. It directly competes with PolyPaths in residential MBS cash-flow modeling and valuation.
- Principia Partners: Principia Partners provides structured finance and asset-liability management software for ABS, MBS, and whole-business portfolios. It is a comparable niche vendor to PolyPaths in structured-finance analytics and ALM.
Broad incumbents
- Bloomberg: Bloomberg offers PORT and other enterprise fixed-income and multi-asset portfolio analytics tools to a broad institutional client base. It is a broad incumbent that competes for fixed-income analytics wallet share against niche vendors like PolyPaths.
- Murex: Murex offers a capital-markets platform covering trading, risk management, and analytics for derivatives and fixed income. It is a broad incumbent serving banks and asset managers, with overlapping capabilities to PolyPaths' fixed-income analytics.
- MSCI: MSCI provides risk, analytics, and index solutions including fixed-income and multi-asset class analytics. As a broad incumbent with deep institutional penetration, it competes with PolyPaths in fixed-income risk and valuation.
- Numerix: Numerix is the parent company of PolyPaths and a broad cross-asset quantitative analytics platform serving capital markets. While its core is derivatives and cross-asset pricing, it now distributes PolyPaths' residential MBS analytics.
- Calypso Technology: Calypso provides a capital-markets platform for trading, risk, and processing across asset classes including fixed income and structured products. It overlaps PolyPaths in fixed-income analytics and risk management for institutional clients.
Emerging players
- Solve Advisors: Solve Advisors provides a structured-finance data and analytics platform focused on CLOs and ABS. As an emerging player in structured-finance analytics, it has partial overlap with PolyPaths' MBS and structured-product analytics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Polypaths social profiles
Digital presencePolypaths financial estimates
Financial estimateRevenue estimate
Valuation estimate
Polypaths leadership team
Management profileNumber of profiles
Profiles2 records
Polypaths funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Polypaths M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Polypaths
What does Polypaths do?
PolyPaths provides a fixed-income analytics platform for residential loans and mortgage-backed securities, delivered through PolyPaths Desktop and supporting modules (AppPort, ALM, BatchCal). The platform delivers prepayment and credit loss modeling, asset-liability management, multi-horizon scenario/CCAR stress testing, distributed enterprise-scale processing, and a Prepay/Loss API that lets clients plug in proprietary prepayment and loss models.
Is Polypaths a public or private company?
Polypaths is a private company. It is classified as corporate owned and is currently operating.
When was Polypaths founded?
Polypaths was founded in 1996. It employs 11 to 50 people.
Where is Polypaths based?
Polypaths is headquartered in New York, United States, in the North America region.
How does Polypaths make money?
Two revenue lines are on record. Enterprise Software Licensing is the primary driver. The others are software Maintenance and Support.
Who are Polypaths's main competitors?
Direct peers on record are FINCAD, Andrew Davidson & Co. (AD&Co), Intex Solutions and Principia Partners. Broad incumbents are Bloomberg, Murex, MSCI, Numerix and Calypso Technology. Solve Advisors is listed as an emerging player.
Does Polypaths have an API?
Yes. PolyPaths offers a Prepay/Loss API that allows users to plug in their own prepayment and credit models within PolyPaths. The platform also supports custom model integration including prepayment models, loss models, and index forecast models through its Integration Overview documentation. Developer documentation is at polypaths.com/clientarea/downloadable_files/PolyPaths_PrepayLossAPI.pdf.
What industry is Polypaths in?
Polypaths's product category is Fixed-income analytics software. Its primary akta.pro industry code is FSAGAHAL, Marketplace & Loan Aggregation Platforms (Borrower-Lender Matching). Its NAICS code is 522310 and its SIC code is 6163.