LawFi, a legal fintech lender based in Florida, secures $1.5 million in seed money. Capital Q Ventures and its Fund CAPQ BDC led the round.
The funds will be utilised by the company to expand both its operations and its clientele. LawFi is a mobile-first digital lending and payments platform designed specifically for the legal profession, under the leadership of Steven Highfill, CPC, Founder and CEO.
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Legal invoices and lawyer retainer agreements are sent more efficiently and digitally by the company. LawFi transforms them into interactive Text-to-Pay and Text-to-Sign requests that offer NEW financing alternatives for legal fees along with additional payment options.
Its standard payment products, payment plans, legal fee loans, and flow technology are all designed to enable equitable access to finance and legal services. LawFi is developing a decision engine for legal fee loans that will be able to underwrite and provide specialised loans for the majority of legal cases.
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Its platform will provide assured payment plans and transparent point-of-need legal fee loans to cover retainers, current or past-due legal invoices, and attorney consultations.
About LawFi
LawFi is developing the first-ever platform for legal fee financing and lawyer procurement, enabling more people to have access to finance and legal services. Real-time invoicing, real-time payments, and financing for attorney retainers and legal costs will all be possible with our platform’s integrated payments and financing technologies.
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