Litigation funder, LegalPay closes interim financing bond
By Gloria Mathias
LegalPay, 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.
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