back Back

Litigation funder, LegalPay closes interim financing bond

By Gloria Mathias

September 12, 2023

  • AI-driven
  • Digital Payments
  • Financial Bonds
Share

LegalPay, Litigation Funder, Lawyer Payments, Digital PaymentsLegalPay, an India-based litigation funder has announced the successful closure of its Rs 12 crore ($ 1.4 million) interim financing bonds. This investment instrument in the fixed income category, which was launched earlier this year in January, boasts a remarkable coupon rate of 14% compounding annually.

“We are thrilled to celebrate the success of our Interim Financing Bonds and our contribution to the economic revitalization of companies like Lavasa Corporation,” said Kundan Shahi, Founder & CEO at LegalPay. “We are proud to have successfully closed our Interim Financing Bonds, but our true pride lies in the impact we create in the legal & insolvency ecosystem and the value we create for our investors and our clients. We are here to alleviate financial burdens, mitigate risks, and ensure that justice prevails.”

The bond has set new standards in the financial industry by realizing its opportunity in an impressive timeframe of just eight months despite having an original tenure of 36 months with a callable feature.

LegalPay’s Interim Financing Bonds represent a paradigm shift in the world of investments, offering a unique opportunity to investors and companies alike. The funds raised through this initiative have been employed to support Lavasa Corporation, a prominent player in the infrastructure sector.

Notably, LegalPay’s unwavering commitment to a rigorous underwriting process played a pivotal role in mitigating the perceived risks associated with this opportunity. In the face of scepticism, LegalPay’s technology and AI-driven analysis, combined with its diligence and expertise, prevailed, resulting in the rapid realization of this investment.

LegalPay provides critical capital to companies undergoing insolvency, breathing new life into struggling businesses, and fuelling economic growth. LegalPay’s innovative approach is revolutionizing the way companies navigate litigation challenges, alleviating their financial burdens and providing a lifeline for those seeking funding for their legal battles.

Previous Article

September 12, 2023

5 FinTech apps in Saudi Arabia helping users better manage their finances

Read More
Next Article

September 12, 2023

Mastercard & Paysend expand partnership on cross border payments

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

AI-driven

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Visa relaunches SavingsEdge to strengthen small businesses in the US

Read More

Today

Whale Cloud & Ant International expand eWallet & Super App Technologies

Read More

Today

Mastercard taps Thought Machine to advance its core banking capabilities

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023