Sandfield Capital, a Liverpool-based litigation FinTech company specialising in loans for legal claims, has secured a £600m facility from Perspective Investments.
The funding will be deployed over the next three to five years to support the company’s strategic expansion.
The facility is conditional on identifying suitable claims for funding. It will enable Sandfield Capital to expand its legal panel and diversify the range of claims it handles. This announcement follows three fundraises over the past 12 months, during which the company raised £30.5m.
Founded in 2020, Sandfield Capital provides disbursement loans to individuals and law firms pursuing litigation. These loans are repaid only if the case is won, democratising access to justice by helping claimants manage the growing costs of litigation.
The new funding will support key objectives for 2025, including securing a new Liverpool operations centre and launching a recruitment drive. Additionally, Sandfield Capital plans to expand its portfolio by exploring claims for bank fraud, business energy, motor finance, and tenancy deposits.
Discussing the funding, Sandfield Capital CEO Steven D’Ambrosio said, “This new facility presents significant opportunities for Sandfield and is testament to our business model. Key to our strategy to deploy the facility is expanding our legal panel. There’s no shortage of quality law firms specialising in this area and we are keen to develop further strong and symbiotic relationships. Perspective Investments see the considerable opportunities and bring a wealth of experience in institutional investment with a strong track record.”
Arno Kitts, founder and chief investment officer of Perspective Investments, added, “Sandfield Capital’s business model includes a bespoke lending platform with the ability to integrate seamlessly with law firms’ systems to ensure compliance with regulatory and underwriting standards.
“This technology enables claims to be processed rapidly whilst all loans are fully insured so that if a claim is unsuccessful, the individual claimant has nothing to pay. This is an excellent investment proposition for Perspective Investments and we are looking forward to working with the management team who have a track record of continuously evolving the business to meet growing client needs.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
