Craig Carroll
Co-Founder/CEO
JustFund
JustFund provides specialized legal funding solutions for individuals navigating family law matters and estate settlements. The company offers flexible financing to cover legal fees, estate costs, and early inheritance access. This support allows clients to manage challenging transitions with reduced financial pressure.
- Financial Technology
Updated 23 months ago
Funding
Raised to date
$98.8MRaised 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.
Funding rounds are not available yet.
Founders
Product
Problem
Navigating separation and divorce proceedings often entails substantial legal fees, creating a barrier to adequate legal representation for individuals without readily available funds. Traditional lending institutions may not fully address the unique financial circumstances of those undergoing family law disputes. This can lead to unfair settlements, increased stress, and prolonged legal processes.
Solution
JustFund provides a dedicated line of credit designed specifically to cover family law fees and associated disbursements, enabling clients to access legal representation without upfront payments. Unlike traditional lenders, JustFund's eligibility assessment focuses on the merits of the legal case and individual circumstances, rather than solely relying on credit scores or employment history. By working directly with family law firms, JustFund facilitates prompt invoice payments, ensuring continuous legal support for clients. Repayments are structured to occur only upon the finalization of the property settlement, aligning with the client's ability to pay. This approach aims to level the playing field, allowing individuals to secure fair outcomes during separation without the immediate burden of legal costs.
Target Audience
JustFund primarily serves individuals undergoing separation and divorce proceedings who require financial assistance to cover legal fees, as well as family law firms seeking to provide flexible payment options to their clients.
Features
- Line of credit specifically for family law fees and disbursements
- Eligibility assessment based on the merits of the legal case, not just credit scores
- Funds paid directly to law firms, ensuring continuous legal representation
- Repayment occurs only after the property settlement is finalized
- No early repayment fees
- Soft credit checks that do not impact credit scores
- Minimum funding amount of $5,000 with no maximum
- Assessment & Administration Fee starting from $560 for credit lines up to $15,000
- Monthly fee of $49 to cover monitoring and invoice processing
- Variable interest rate of 9.85% per annum on funds drawn