Brazilian legaltech Litipay raised $1.4M from SRM Ventures, the venture capital arm of SRM Asset.
Litipay will use the funds to acquire more credits originated from judged and settled lawsuits, aiming to increase the number of transactions by 400% compared to 2023.
Litipay is a receivables anticipation platform that allows customers to receive credit by selling their judged and settled lawsuits at a discount.
“Other companies look into the legal credit market, but we innovate when we bring this solution to microcredit, which are those small legal cases with a small ticket,” said Bruno Avena, Litipay’s Co-Founder.
Founded in 2021, Litipay has helped its customers to get $2.2M in over 400 lawsuits until now.
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