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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
2016
Employees
100
Location
London, United Kingdom
Website
Shieldpay - Company Details
Shieldpay is a payments partner for the legal sector, offering technology-optimized solutions to reduce risk, enhance security, and provide transparency. Whether acting as an escrow or paying agent, or as a managed account provider, Shieldpay alleviates the need for legal professionals to manage client money, thus reducing their burden. The Verify, Hold, and Disburse capabilities can be adapted to different transactional needs, handling payments of significant value, volume, and international scope. Shieldpay is authorized and regulated by the Financial Conduct Authority as a payment institution and is registered and supervised by HMRC as a Trust Services Provider. The company holds banking relationships with recognized financial institutions and safeguards client funds and trust funds with authorized banks compliant with SRA and CLC regulations. The company has received numerous awards, including Banking Tech Awards' Best Digital Solution Provider – PayTech 2023, BusinessCloud Top 50 Most Innovative Fintechs in the UK 2023, and Tempo Top 50 startups to work for in London in 2021/2022/2023, among others. Established in 2016 and headquartered in the United Kingdom, Shieldpay recently secured a $34.00M Series A investment on 07 December 2021. The funding round was backed by notable investors including Techstars, CreditEase, Mastercard, MBU Capital, Elliott Investment Management, and Marqeta.