Shieldpay

The firm's core business revolves around mitigating risk in complex payment flows. It primarily serves enterprise clients, including top-tier law firms, financial institutions, and technology companies that handle intricate transactions like M&A deals, litigation settlements, class action payouts, and real estate completions. Shieldpay's revenue model is based on providing its payment platform, which offers transactional and recurring revenue streams. The company has processed over £8 billion in payments and works with over 40 of the UK's top 100 law firms. Shieldpay has raised a total of $41.3M in funding over four rounds from investors including Techstars, Mastercard, and Elliott Management.

Shieldpay's platform is built on three main capabilities: Verify, Hold, and Disburse. The 'Verify' function conducts automated identity verification on all parties to prevent fraud. The 'Hold' feature is a digital escrow service where funds are held securely in a safeguarded account until all transactional conditions are met and approved by the relevant parties. Finally, the 'Disburse' capability enables mass payouts with global reach, streamlining the process of sending money to multiple verified payees. This integrated system replaces antiquated, manual processes, thereby reducing administrative costs and the risk of cybercrime for its clients. The platform is accessible via API, allowing for integration into clients' existing case and practice management systems.