LegalPay
A third-party litigation finance platform that helps entities and businesses ease the financial burden of litigation cases.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
* | N/A | $1.4m | Debt |
| Total Funding | 000k | ||
| USD | 2021 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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LegalPay is a startup operating in the legal financing sector in India, offering a unique solution to businesses of all sizes. The company provides non-recourse funding for legal and litigation expenses, meaning they bear the financial risk of the lawsuit. If the case is lost, the client owes nothing. If the case is won, LegalPay takes a pre-agreed cut of the winnings. This "no win, no fee" model is particularly appealing to businesses facing financial constraints that may hinder them from pursuing expensive lawsuits.
LegalPay uses proprietary technology to underwrite cases, assessing the potential risks and rewards before deciding to fund a case. This innovative approach allows them to manage over ₹ 2,608 Cr. in claims. The company's services are trusted by over 1,000 businesses, demonstrating its credibility in the market.
In addition to financing, LegalPay also offers a platform for businesses to monitor, analyze, and report on litigation risk across their cases. This comprehensive solution provides real-time updates, data-driven insights, and performance indicators, enabling businesses to make informed decisions and manage litigation at scale.
Moreover, LegalPay enhances the capabilities of in-house legal teams by providing access to external expertise and risk sharing, allowing them to focus on strategic goals and business activities rather than spending time and money on litigation.
In summary, LegalPay is a legal financing solution that reduces legal stress, manages litigation risk, and improves cash flow for businesses.
Keywords: Legal Financing, Non-Recourse Funding, Litigation Risk Management, Legal Technology, Cash Flow Improvement, No Win No Fee, In-House Legal Team Enhancement, Data-Driven Insights, Real-Time Updates, Strategic Decision Making.
