Shieldpay

Shieldpay is the payments partner for the legal sector

General Information
Industries
Finance, Financial Services +1
Funding Stage
Series A
Product Stage
Growth Mode
Business Model
B2b
Company Overview
Founded
2017
Employees
96
Location
London, United Kingdom
Website
Shieldpay - Company Details
Shieldpay is a leading payments partner specifically tailored for the legal sector, offering technology-optimized solutions to streamline processes, minimize risk, ensure transparency, and bolster security. The company enables legal professionals to effortlessly manage client funds by serving as an escrow or paying agent, as well as a managed account provider. Additionally, Shieldpay's Verify, Hold, and Disburse capabilities can be tailored to meet diverse transactional needs, including high-value, high-volume, and international transactions, effectively shouldering the intricacies associated with legal payments. Notably, Shieldpay Limited is authorized and regulated by the Financial Conduct Authority as a payment institution, while Shieldpay Trustee Services Limited is duly registered and supervised by HMRC as a Trust Services Provider, ensuring compliance with SRA and CLC regulations. The company has also established secure banking relationships with recognized financial institutions to safeguard client and trust funds. Notably, Shieldpay has secured a $34.00M Series A investment from prominent investors including Techstars, CreditEase, Mastercard, MBU Capital, Elliott Investment Management, and Marqeta. The company has received several accolades, including the Banking Tech Awards' Best Digital Solution Provider – PayTech 2023, recognition as one of the Top 50 Most Innovative Fintechs in the UK 2023 by BusinessCloud, and being named one of the Top 50 startups to work for in London in 2021/2022/2023 by Tempo. Additionally, Shieldpay has earned accolades for its innovation in combating fraud and excellence in the conveyancing and legal fields. Founded in 2016 and headquartered in the United Kingdom, Shieldpay continues to make strides in revolutionizing payment solutions for the legal sector while garnering substantial support from key industry players.