legalpay max: LegalPay launches India’s first pay-later product for legal expenses
As online payments continue to rise, legal professionals that offer flexible payment options can get paid faster, expand their potential clientele, and focus more on clients instead of chasing payments. The company said the new product – LegalPay Max – is the next generation of payment solutions for the legal industry and was developed in response to the growing demand for free financing options.
“With this new mode of financing, legal professionals can provide their clients with flexible payment options at no extra cost, thereby ensuring that all the focus and attention stay on the case in hand,” Kundan Shahi, Founder of LegalPay, said.
With LegalPay Max, businesses can avail of a credit line of upto Rs 50 lakh for all types of legal and professional expenses such as transaction, regulatory, advisory, arbitration, and other legal expenses and the same can be spread over a tenure of upto six months with no extra cost.
This will give businesses more control over their finances, and the option will be available to businesses looking for more payment flexibility, allowing them to select their preferred legal professional based on their requirements.
Legal professionals will still receive 100% of their payment upfront while businesses utilizing this option will have the buy now, pay later option.
“Businesses and startups who have recently started or trying to become big have benefited from this offering as it covers financing of all different legal and compliance expenses,” added Shahi.While LegalPay has already partnered up with several NBFCs to provide legal financing, it has also made a strategic acquisition of a Gujarat-based NBFC to further accelerate such financing. With the help of this strategic partnership and a deep understanding of legal expenses, LegalPay has built an end-to-end technology platform where businesses can sign up and avail of the credit line for their legal expenses.