Disbo provides an automated platform for personal injury law firms to manage IOLTA‑compliant settlement disbursements.
Funding
Funding not disclosed
Founders
Product
Problem
Personal injury law firms must split settlement proceeds among multiple parties—clients, attorneys, medical providers, lienholders, and others—using IOLTA trust accounts. The process relies on spreadsheets, paper checks, and manual ledger entries, leading to slow payments, frequent errors, and risky compliance violations across 50+ state bar rules.
Solution
Disbo offers a purpose-built platform that automates the entire settlement workflow for personal injury firms. Users upload a settlement statement, and the system automatically identifies payees, calculates each party’s share, and routes payments via ACH, FedNow, wire, or check with a single approval. Real‑time trust account reconciliation logs every deposit and disbursement, generating audit‑ready reports that satisfy state IOLTA requirements. Integrated lien negotiation, referral‑fee management, and provider portals give medical offices visibility into payment status, while built‑in NPI verification eliminates manual data entry. The platform also provides instant compliance alerts and immutable timestamped audit trails, reducing the need for spreadsheets, phone calls, and manual reconciliation.
Target Audience
Primary customers are personal injury law firms that manage IOLTA trust accounts and need to disburse settlements to multiple parties, as well as medical providers and lienholders who receive payments from those settlements.
Features
- AI‑driven parsing of settlement statements to auto‑detect recipients and calculate disbursement splits
- Simultaneous multi‑party payouts (client, attorney, providers, lienholders) with one‑click approval
- Real‑time IOLTA transaction logging and three‑way reconciliation across 50+ state rule sets
- FedNow instant payments, ACH, wire, and check support with same‑day status tracking
- Immutable, timestamped audit logs and one‑click generation of compliance reports for bar audits
- Integrated lien negotiation tool with AI‑suggested reductions and centralized communications
- Referral‑fee tracking, automated calculations, and compliance‑ready documentation
- 256‑bit encryption on all transactions and SOC 2‑in‑progress security controls