LegalPay is a third-party litigation finance platform that utilizes proprietary technology to underwrite legal cases and provide non-recourse funding, allowing businesses to pursue litigation without upfront costs. Clients only pay a pre-agreed percentage of the recovery if they win, effectively eliminating financial risk associated with legal disputes.
Funding
$1.4M 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
Businesses often face financial constraints that prevent them from pursuing meritorious legal claims, hindering their ability to recover damages or enforce their rights. The high upfront costs and inherent risks associated with litigation can deter even strong cases from proceeding.
Solution
LegalPay offers a third-party litigation finance platform that provides non-recourse funding to businesses pursuing legal claims. Using proprietary technology to underwrite cases, LegalPay funds legal costs, allowing businesses to pursue litigation without upfront expenses. Clients only pay a pre-agreed percentage of the recovery if they win the case, transferring the financial risk of litigation to LegalPay. This enables businesses to improve cash flow, focus on core operations, and access legal representation without straining their financial resources.
Target Audience
LegalPay primarily serves businesses of all sizes that require funding to pursue legal claims, including in-house legal teams seeking to manage litigation risk and improve cash flow.
Features
- Proprietary technology for underwriting legal cases and assessing risk
- Non-recourse funding, eliminating upfront legal costs for clients
- Funding for a variety of disputes
- Real-time updates and performance indicators for case monitoring
- Access to a network of top lawyers
- Risk assessment and visualization tools for informed decision-making
- Platform to monitor, analyze, and report on litigation risk across cases