Crediverso clinches $3.5m to democratise legal access for underserved groups

Crediverso clinches $3.5m to democratise legal access for underserved groups

Crediverso, the bilingual consumer tech platform focusing on providing financial and educational resources to overlooked communities, today disclosed the receipt of an impressive $3.5m in a pre-series A investment round.

Notably, this round saw significant backing from renowned investors like Torch Capital and Gaingels. In a nod to Crediverso’s growing traction, earlier investors like Bessemer Venture Partners and Act One Ventures also threw their weight behind this round. Cumulatively, the firm has amassed an investment portfolio of $6.6m to date.

Since its foundation, Crediverso’s primary objective has been to support the underprivileged and resource-scarce communities, initially targeting the U.S. Hispanic demographic. Leveraging recent strides in generative AI technology, the new funds aim to expedite the creation of solutions that cater not just to the Hispanic community but to everyone with limited access to legal and financial resources. The beneficiaries could range from a freelance graphic designer to a young duo navigating loan intricacies, or even a small business entrepreneur assembling their inaugural team.

Building on this momentum, Crediverso is introducing “My Pocket Lawyer.” This groundbreaking platform is engineered to widen access to legal resources, enabling individuals, emerging businesses, and freelancers to decipher their legal conundrums.

The platform shines a light on the yawning gap between generic online legal content and the exorbitant fees charged by traditional legal channels. My Pocket Lawyer’s ambitions are lofty, striving to mitigate the need for hiring legal counsel in over half of all cases. Instead, it wishes to empower consumers and budding businesses to understand the legal landscape.

“It’s not another competitor that keeps us up at night, because unfortunately there are very few companies offering affordable legal solutions designed responsibly for consumers. Rather, it is how many individuals and small businesses go without the tools and help they need,” Crediverso CEO and founder, Charlie Hernandez, an accredited attorney, remarked.

“This is a civil rights issue, in that a portion of the population doesn’t have the same rights as everyone else, because they can’t reach lawyers to help them access those rights. It is also an economic issue, since we are stifling our economy’s growth potential by not arming the most entrepreneurial people in our workforce with the legal tools they need to be able to start and run businesses.”

Crediverso’s recent innovation, My Pocket Lawyer, supports both English and Spanish and paves the way for users to obtain trustworthy legal advice affordably. It not only aids users in framing their legal queries adeptly but also educates them to advocate for their rights independently when feasible. For intricate cases demanding professional counsel, the platform offers guidance to users, enabling them to connect with an apt attorney seamlessly.

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