Halycon Solutions
Halcyon Solutions is a US-based fintech founded in 2019 that operates an API-first data intelligence platform for financial services, offering direct IRS tax transcript retrieval, AI-driven self-employed income calculation, identity validation, and biometric e-signature to mortgage lenders, banks, and credit unions across 100+ brand customers.
- Company typePrivate
- Founded2019
- HeadquartersNot publicly disclosed, United States
- Headcount—
- GTM typeB2B
- OfferingSoftware
What Halycon Solutions does
Halcyon Solutions is a private US-based fintech company founded in 2019 that operates an API-first data intelligence platform for the financial services industry. The company's core differentiator is a direct connection to the Internal Revenue Service (IRS) for real-time tax transcript retrieval, which it exposes alongside AI-driven document processing, multi-point identity validation, and biometric e-signature capabilities through a unified product suite branded as the True Suite — comprising TrueTax (IRS-direct transcripts), TrueCalc (self-employed income calculation), TrueYou (identity validation and KYC/AML certification), TrueMark (e-signature with biometric ID verification), TrueReport (lead enrichment with verified income data and 400+ filters), and Kingfisher RIA (registered investment advisory services). The True Suite is engineered to integrate with major loan origination systems (MeridianLink, Encompass, Finastra, Byte, Vesta, TRK, DarkMatter, Xpanse) via APIs with white-label and co-branded deployment options, and is SOC 2 Type II certified.
Halcyon generates revenue through a combination of per-loan transaction fees for TrueTax (one flat price per loan, eliminating rejection-driven costs associated with legacy 4506-C ordering) and enterprise SaaS subscriptions for the broader True Suite, with implementation and integration support bundled in. The company operates an enterprise field sales motion targeting large independent mortgage banks, regional banks, and credit unions, supplemented by channel partnerships with Lenders One and The Mortgage Collaborative (TMC). Halcyon cites 100+ financial services brand customers including Rocket Mortgage, Newrez, PRMG, Hancock Whitney, Guild, and Freedom Mortgage.
The company is led by founder and CEO Kirk Donaldson, with President & COO Elizabeth Boonin, CTO Jim McGowan, CRO Bridget Trevino, and CSO Ahad Zakir. Headcount, revenue, and funding are not publicly disclosed. Halcyon's strategic positioning is anchored in three structural tailwinds it identifies in its own thought leadership: the 67% increase in bank-fintech partnership announcements in 2024, the 47% drop in mortgage origination volume from peak driving demand for cost reduction, and the rise of compliance-first frameworks following 2024 BaaS regulatory actions.
Halycon Solutions firmographics
Firmographics- Name
- Halycon Solutions
- Legal name
- Halcyon Solutions
- Website
- https://halcyonsolutions.ai
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Short description
- Halcyon Solutions is a US-based fintech founded in 2019 that operates an API-first data intelligence platform for financial services, offering direct IRS tax transcript retrieval, AI-driven self-employed income calculation, identity validation, and biometric e-signature to mortgage lenders, banks, and credit unions across 100+ brand customers.
- Ownership category
- akta.pro rank
Halycon Solutions industry classification
Industry- Product category
- Mortgage Lending & Verification Software
- NAICS
- Activities Related to Credit Intermediation (5223), Credit Bureaus (561450), Other Activities Related to Credit Intermediation (522390)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Underwriting Automation & Income/Employment Verification (FSAGAHAD)
- akta.pro secondary industries
- Fraud Detection, Identity & KYC/AML for Mortgages (FSALALAH), Income, Employment & Cash-Flow Verification (Consumer) (FSAKAKAE), Consumer Credit Decisioning & Underwriting Platforms (FSAKAKAG), Credit & Underwriting Data Services (alt data feeds, affordability, bureau augmentation) (FSAGACAH)
Keywords
Where Halycon Solutions is headquartered
LocationHeadquarters
- HQ city
- Not publicly disclosed
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Halycon Solutions business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Per-Transaction / Per-Loan Fees: Flat fee per loan transaction for IRS tax transcript retrieval through TrueTax. One price per loan, eliminating per-request and rejection-driven costs associated with legacy 4506-C ordering.
- SaaS Subscription (Enterprise Platform Access): Enterprise customers access the True Suite — TrueTax, TrueCalc, TrueYou, TrueMark, and TrueReport — via subscription agreements with implementation and integration support. ROI calculator suggests per-customer annual savings of $389K in labor and rework costs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Flat fee per loan transaction |
| Subscription | Annual | Enterprise SaaS subscription |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Halycon Solutions product offering
Product offeringCore offering
Halcyon Solutions provides an AI-driven data intelligence platform for financial services, offering IRS-direct tax transcript retrieval, automated self-employed income calculation, multi-point identity validation, biometric-backed e-signature, and lead enrichment. The True Suite integrates directly into loan origination systems (LOS) and core banking platforms, enabling mortgage lenders, banks, credit unions, and tax preparation firms to streamline income verification, underwriting, compliance, and customer acquisition.
Product overview
Halcyon Solutions offers a unified True Suite of financial services products built on an API-first architecture for lending integration. The portfolio consists of six core products: TrueTax (IRS-direct tax transcript retrieval), TrueCalc (self-employed income calculation), TrueYou (identity validation and KYC/AML compliance), TrueMark (e-signature with biometric verification), TrueReport (lead data enrichment), and Kingfisher RIA (registered advisory services). These products are designed to integrate with existing loan origination systems (LOS) and core banking platforms, with white-label and co-branded deployment options available. The suite is positioned for mortgage lenders, banks, credit unions, and tax preparation firms to streamline credit approval, tax preparation, and identity verification workflows.
Differentiator
Problem solved
Functional benefit
Brands
- TrueTax: IRS-direct tax transcript retrieval for income verification in mortgage lending and financial services
- TrueReport
- TrueMark
- TrueYou
- TrueCalc
- Kingfisher RIA
Products and services
- TrueTax
Quantifiable outcome
- 80% faster per self-employed file processing (from 2.5 hrs to ~5 min)
- +9 more outcomes
Companies that use Halycon Solutions
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles4 records
Halycon Solutions technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability7 records
Feature6 records
Halycon Solutions partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and major.
- Fannie MaecoreGSE partnership for Representations & Warranties (R&W) assessment. TrueCalc offers a direct connection to Fannie Mae for loan quality assessment, enabling lenders to validate R&W compliance before delivering loans to the GSE.
- Freddie MaccoreGSE partnership for Representations & Warranties (R&W) assessment. TrueCalc integrates with Freddie Mac for R&W evaluation as part of the self-employed income calculation workflow, aligned with the Freddie Mac Seller/Servicer Guide.
- MeridianLinkcoreTechnology integration partnership. TrueTax is integrated with MeridianLink's loan origination system, enabling mortgage lenders to order IRS-direct tax transcripts directly within their existing MeridianLink workflow without manual re-entry.
- Encompass (ICE Mortgage Technology)coreTechnology integration partnership. TrueTax connects with Encompass LOS, enabling lenders to retrieve IRS transcripts and trigger income calculations within the Encompass workflow. Part of Halcyon's 'everywhere you are' multi-LOS strategy.
- FinastramajorTechnology integration with Finastra's mortgage and lending platform, enabling lenders on the Finastra ecosystem to access Halcyon's IRS-direct tax transcript retrieval and income verification.
- VestamajorTechnology integration with Vesta's fraud detection and digital identity platform, combining Vesta's fraud prevention capabilities with Halcyon's IRS-direct income verification and identity validation.
- Lenders OnemajorChannel partnership with Lenders One, a major mortgage lending alliance. Halcyon's True Suite is made available to Lenders One member lenders as a preferred verification and income calculation solution.
- TMC (The Mortgage Collaborative)majorChannel partnership with TMC, a lending collaborative network. Halcyon's True Suite is distributed to TMC member lenders through the collaborative's preferred vendor program.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Halycon Solutions competitors and assessment
Company assessmentBroad incumbents
- Finicity (Mastercard):
- Plaid: Plaid is a broad financial data platform enabling bank account and income verification for lenders and fintechs; its Income and Auth products directly overlap with Halcyon's verification stack while serving a much wider ecosystem.
Direct peers
- Truework: Truework provides income and employment verification APIs used by mortgage lenders and banks — directly competing with Halcyon's TrueTax and TrueSuite in consumer income verification workflows.
- Argyle: Argyle provides income, employment, and identity data through direct-source payroll integrations, serving mortgage lenders and fintechs in the same income-verification category as Halcyon's TrueTax.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Halycon Solutions compliance and trust
Trust signalCompliance1 record
Halycon Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Halycon Solutions leadership team
Management profileNumber of profiles
Profiles6 records
Halycon Solutions funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Halycon Solutions 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 Halycon Solutions
What does Halycon Solutions do?
Halcyon Solutions provides an AI-driven data intelligence platform for financial services, offering IRS-direct tax transcript retrieval, automated self-employed income calculation, multi-point identity validation, biometric-backed e-signature, and lead enrichment. The True Suite integrates directly into loan origination systems (LOS) and core banking platforms, enabling mortgage lenders, banks, credit unions, and tax preparation firms to streamline income verification, underwriting, compliance, and customer acquisition.
Is Halycon Solutions a public or private company?
Halycon Solutions is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Halycon Solutions founded?
Halycon Solutions was founded in 2019.
Where is Halycon Solutions based?
Halycon Solutions is headquartered in Not publicly disclosed, United States, in the North America region.
How does Halycon Solutions make money?
Two revenue lines are on record. Per-Transaction / Per-Loan Fees are the primary driver. The others are saaS Subscription (Enterprise Platform Access).
Who are Halycon Solutions's main competitors?
Broad incumbents on record are Finicity (Mastercard) and Plaid. Direct peers are Truework and Argyle.
Does Halycon Solutions have an API?
No public API is recorded for Halycon Solutions.
What industry is Halycon Solutions in?
Halycon Solutions's product category is Mortgage Lending & Verification Software. Its primary akta.pro industry code is FSAGAHAD, Underwriting Automation & Income/Employment Verification, with a secondary code of FSALALAH, Fraud Detection, Identity & KYC/AML for Mortgages. Its NAICS code is 5223 and its SIC code is 6162.