FinLegal reposted this
FinLegal Announces £2M in Funding from Northern Powerhouse Investment Fund II An article in Business Live covers the announcement from Sheffield-based FinLegal that it has raised £2 million in funding from the Northern Powerhouse Investment Fund II (NPIF II). The legal technology company offers a platform that can be used for the class actions or high volume small claims management, utilising automation and AI to increase efficiency and reduce costs. FinLegal plans to use the new investment to expand its operations and double its workforce. Steve Shinn, founder of FinLegal, provided the following comment on the announcement: “The claims market is ripe for a platform like ours. Many claims are run on a no-win no-fee basis and increasingly there are fee caps, so operating costs are critical. Our solution reduces costs, automates but also improves client care and makes it possible to manage claims at a scale which might otherwise not be viable. It has already been adopted by the some of the leading claims firms and this investment will enable us to accelerate our international growth.” https://lnkd.in/g8di7Cch #litigationfinance #litigationfunding #litfin #legalfinance #legalfunding #masstorts #claimsmanagement #fintech #legaltech