Home Insolvency & Bankruptcy Legalpay aims to double litigation funding AUM at $1 bn

Legalpay aims to double litigation funding AUM at $1 bn

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Legalpay aims to double litigation funding AUM at $1 bn

LegalPay, a litigation funding firm, has introduced it has efficiently managed claims value $400 million since 2020 empowering over 1,000 companies to get better their pending dues and navigate authorized complexities. Constructing on this momentum, LegalPay goals to greater than double the claims beneath administration at $1 billion and add 4000 new circumstances each month by the top of calendar yr 2024.         

“Reaching this important milestone fills us with immense satisfaction, and we’re humbled by the optimistic influence we have made on over 1,000 companies and the 40,000 disputes we now have helped navigate. It displays our dedication to empowering companies with progressive monetary options to handle their authorized challenges,” mentioned Kundan Shahi, Founder & CEO of LegalPay.

Fuelling this development is LegalPay’s unwavering dedication to technological developments. The corporate’s proprietary threat evaluation algorithm fosters balanced threat administration for funded circumstances, whereas the groundbreaking discover automation system permits for the easy dispatch of as much as 20,000 notices with a single click on.

LegalPay just lately launched QuickSettle, a complimentary service to its core litigation funding providing. This progressive resolution offers collectors with rapid entry to their pending dues, bolstering their working capital and offering much-needed liquidity. On the similar time, debtors profit from the pliability of no-cost EMIs, facilitating dispute decision with out compromising their monetary stability.  

QuickSettle is proving to be a game-changer for MSMEs & SMEs, serving to them streamline their collections and restoration points. By avoiding litigation prices for companies, QuickSettle just isn’t solely saving cash but additionally time and sources. The user-friendly expertise behind QuickSettle will play a vital position in facilitating the pending dues for companies and assist them automate & digitalize their collections. 

Founder & CEO Kundan Shahi commented, “At LegalPay, our mission has all the time been to empower companies and supply them with the instruments they should thrive. With QuickSettle, we’re taking an enormous leap ahead in attaining this objective. By revolutionizing the debt restoration course of and minimizing the monetary pressure on each collectors and debtors, QuickSettle epitomizes our dedication to innovation and client-centric options.”

LegalPay is dedicated to fostering a authorized ecosystem the place companies can entry justice and handle litigation successfully, in the end contributing to a stronger and extra equitable financial atmosphere. 

Additionally see: Litigation finance to be $57 bn market in India by 2035: LegalPay founder

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