Legalpay aims to double litigation funding AUM at $1 bn by 2024-end

LegalPay, a litigation funding company, has announced it has successfully managed claims worth $400 million since 2020 empowering over 1,000 businesses to recover their pending dues and navigate legal complexities. Building on this momentum, LegalPay aims to more than double the claims under management at $1 billion and add 4000 new cases every month by the end of calendar year 2024.         

“Reaching this significant milestone fills us with immense pride, and we are humbled by the positive impact we have made on over 1,000 businesses and the 40,000 disputes we have helped navigate. It reflects our commitment to empowering businesses with innovative financial solutions to manage their legal challenges,” said Kundan Shahi, Founder & CEO of LegalPay.

Fuelling this growth is LegalPay’s unwavering commitment to technological advancements. The company’s proprietary risk assessment algorithm fosters balanced risk management for funded cases, while the groundbreaking notice automation system allows for the effortless dispatch of up to 20,000 notices with a single click.

LegalPay recently launched QuickSettle, a complimentary service to its core litigation funding offering. This innovative solution provides creditors with immediate access to their pending dues, bolstering their working capital and providing much-needed liquidity. At the same time, debtors benefit from the flexibility of no-cost EMIs, facilitating dispute resolution without compromising their financial stability.  

QuickSettle is proving to be a game-changer for MSMEs & SMEs, helping them streamline their collections and recovery issues. By avoiding litigation costs for businesses, QuickSettle is not only saving money but also time and resources. The user-friendly technology behind QuickSettle will play a crucial role in facilitating the pending dues for businesses and help them automate & digitalize their collections. 

Founder & CEO Kundan Shahi commented, “At LegalPay, our mission has always been to empower businesses and provide them with the tools they need to thrive. With QuickSettle, we’re taking a giant leap forward in achieving this goal. By revolutionizing the debt recovery process and minimizing the financial strain on both creditors and debtors, QuickSettle epitomizes our commitment to innovation and client-centric solutions.”

LegalPay is committed to fostering a legal ecosystem where businesses can access justice and manage litigation effectively, ultimately contributing to a stronger and more equitable economic environment. 

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