The startup provides pre-settlement legal funding services for plaintiffs, offering a lawsuit loan alternative that mitigates financial risk during litigation. By enabling plaintiffs to access funds before their case is resolved, the company alleviates the financial strain of prolonged legal processes.
Funding
$150M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Plaintiffs involved in drawn-out legal battles often face immediate financial pressures due to lost wages, medical bills, and other expenses. Waiting for a settlement or court judgment can create significant hardship, forcing individuals to make difficult choices. Traditional lawsuit loans carry the risk of repayment even if the case is unsuccessful.
Solution
High Rise Financial provides non-recourse pre-settlement funding, offering plaintiffs a risk-free alternative to traditional lawsuit loans. This funding allows plaintiffs to access a portion of their anticipated settlement to cover immediate expenses while their case is pending. Approval is based on the merits of the case, without requiring a credit check or employment verification. If the plaintiff does not win their case, they are not obligated to repay the funded amount.
Target Audience
The primary target audience consists of plaintiffs involved in personal injury lawsuits and represented by an attorney, who need immediate financial assistance to cover expenses while awaiting settlement.
Features
- Funding amounts from $500 to $100,000, depending on the specifics of the case
- Fast approval process, with funding available within 24-48 hours of approval
- Transparent pricing and contract terms with no hidden fees or compound interest
- Non-recourse funding: no repayment required if the case is lost
- Dedicated case managers provide personalized support throughout the funding process
- Funding available for a wide range of personal injury cases, including car accidents, workplace injuries, and defective product claims