About Shieldpay

Shieldpay is a technology-driven payments platform that provides secure and compliant transaction management for the legal and financial services sectors through its Verify, Hold, and Disburse capabilities. The platform addresses the complexities of legal payments by ensuring compliance, safeguarding funds, and facilitating fast disbursements, having processed over £8 billion in transactions.

```xml <problem> Legal and financial service firms face complexities in managing high-value transactions, including compliance with stringent regulations, safeguarding client funds, and ensuring timely and transparent disbursements. Traditional methods often involve manual processes, increasing the risk of errors, delays, and potential fraud. </problem> <solution> Shieldpay provides a technology-driven payments platform designed to streamline and secure complex transactions for the legal and financial sectors. The platform offers three core capabilities: verifying the identity and legitimacy of all parties involved, holding funds in safeguarded accounts as an alternative to traditional client accounts, and disbursing payments quickly and transparently. By automating compliance checks, securing funds, and facilitating efficient payments, Shieldpay mitigates risks and enhances the payment experience for all parties involved. The platform supports both domestic and international transactions, providing a comprehensive solution for managing complex payment flows. </solution> <features> - KYC and due diligence checks on all transaction participants, scaled according to risk profiles. - Secure holding of funds in safeguarded, reconcilable accounts, mitigating risks associated with traditional client accounts. - Automated payment disbursement with transparent authorization processes. - Integration with global payment rails to support international transactions. - API integration for case and practice management systems, enabling secure and scalable transaction control. - Event-driven architecture for real-time updates and notifications. - Compliance with UK Financial Conduct Authority (FCA) regulations and HMRC Trust Services authorization. </features> <target_audience> Shieldpay primarily serves law firms, financial institutions, and other professional service providers that handle high-value, complex transactions requiring secure and compliant payment processing. </target_audience> <revenue_model> Shieldpay generates revenue through transaction fees and subscription-based access to its platform and API, with pricing varying based on transaction volume and specific features utilized. </revenue_model> ```

What does Shieldpay do?

Where is Shieldpay located?

Shieldpay is based in London, United Kingdom.

When was Shieldpay founded?

Shieldpay was founded in 2016.

How much funding has Shieldpay raised?

Shieldpay has raised 40400000.

Location

London, United Kingdom

Founded

2016

Funding

40400000

Employees

83 employees

Major Investors

Techstars, Elliott Investment Management, Marqeta, Mastercard, CE Innovation Capital

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Shieldpay

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Executive Summary

shieldpay.com 10K+

Crunchbase

Founded 2016 – London, United Kingdom

Funding

Estimated Funding

$20M+

Major Investors

Techstars, Elliott Investment Management, Marqeta, Mastercard, CE Innovation Capital

Team (75+)

No team information available.

Company Description

Problem

Legal and financial service firms face complexities in managing high-value transactions, including compliance with stringent regulations, safeguarding client funds, and ensuring timely and transparent disbursements. Traditional methods often involve manual processes, increasing the risk of errors, delays, and potential fraud.

Solution

Shieldpay provides a technology-driven payments platform designed to streamline and secure complex transactions for the legal and financial sectors. The platform offers three core capabilities: verifying the identity and legitimacy of all parties involved, holding funds in safeguarded accounts as an alternative to traditional client accounts, and disbursing payments quickly and transparently. By automating compliance checks, securing funds, and facilitating efficient payments, Shieldpay mitigates risks and enhances the payment experience for all parties involved. The platform supports both domestic and international transactions, providing a comprehensive solution for managing complex payment flows.

Features

KYC and due diligence checks on all transaction participants, scaled according to risk profiles.

Secure holding of funds in safeguarded, reconcilable accounts, mitigating risks associated with traditional client accounts.

Automated payment disbursement with transparent authorization processes.

Integration with global payment rails to support international transactions.

API integration for case and practice management systems, enabling secure and scalable transaction control.

Event-driven architecture for real-time updates and notifications.

Compliance with UK Financial Conduct Authority (FCA) regulations and HMRC Trust Services authorization.

Target Audience

Shieldpay primarily serves law firms, financial institutions, and other professional service providers that handle high-value, complex transactions requiring secure and compliant payment processing.

Revenue Model

Shieldpay generates revenue through transaction fees and subscription-based access to its platform and API, with pricing varying based on transaction volume and specific features utilized.