LegalPay is creating a new alternative investment asset for Indian investors where they can get 30%+ IRR by investing in commercial legal claims.

Basic Information

LegalPay is building a litigation finance platform using which an entity can transfer the burden cost to a third party. The platform also aims to ease the financial burden of litigation. LegalPay helps plaintiffs cover legal fees, working capital and beyond with non-recourse litigation funding. Legalpay invests in commercial lawsuits in exchange for a portion of any potential recovery. The company offers attorneys and plaintiffs flexible, non-recourse funding to cover legal expenses, expert witnesses, working capital and more. They also offer accredited investors the opportunity to invest in legal claims through the online platform and dedicated funds. See more

Legal Name

:

LegalPay Technology Private Limited

Headquarters

:

Delhi, Delhi, India

Business Model

:

B2B 

Founding Date

:

2019

No. of Employees

:

21 to 40

Core Team

:
1.

Chandan Kumar

Co-Founder

2.

Kundan Shahi

Co-Founder & CEO

Timeline
2019
true
Nov | Company Incorporation
We incorporated the LegalPay entity on this date

Target Market

B2B

We are targeting Medium Sized and Big Businesses who want to offset the legal cost from their balance sheets.

Client Segment

:

FinTech

Target Companies

:

Startup, Small Enterprise, Medium Enterprise, Large Enterprise

Funding

Total Funding

$500.0k

Investors

:

1.

9Unicorns

Detail Round Breakdown

Round 1

$500k

Series Name

:

PRE-SEED

Date

:

25th May 2021