LawFi partners with Capital Q Ventures for its $1.5m pre-seed funding round
By Delisha Fernandes
LawFi, a legal FinTech lender and the inventor of the “Legal Fee Loan”, has announced its strategic capital partnership with Capital Q Ventures and their Fund CAPQ BDC a Business Development Company.
The partnership with Capital Q Ventures involves a comprehensive capital acquisition and fundraising initiative, aimed at propelling LawFi’s innovative platform to new heights. Capital Q Ventures has made an initial financial commitment to close the funding round, contingent on the final approval of its Board of Directors.
“The collaboration with Capital Q Ventures is a game-changer,” said Steven Highfill, CPC, Founder and CEO of LawFi. “The infusion of pre-seed capital will help us address the critical lack of legal fee financing that leaves 166 million Americans who live paycheck-to-paycheck stuck in the pervasive Access to Justice gap. Our solutions are carefully designed to remove financial friction and barriers to accessing legal services.”
LawFi is a mobile-first digital lending and payments platform purpose-built for the legal profession. Its flow technology, legal fee loans, payment plans, and traditional payment products will empower more inclusive access to legal services and credit. The FinTech lender is building the first legal fee loan decision engine capable of underwriting and making customized legal fee loans for most types of legal matters.
LawFi’s embedded financing and payment solutions will be offered by lawyers and law firms as new financing and payment options, and by local banks and credit unions.
“We are thrilled to partner with LawFi and support their mission of transforming the way legal fees are paid by introducing new financial services,” said Michael “Q” Quatrini, CEO of Capital Q Ventures and Capital Q® Business Development Company. “Our commitment to closing their funding round is a testament to our belief in their vision and potential. We look forward to a fruitful partnership that drives growth and innovation.”
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February 23, 2024
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