Shieldpay Ltd

Shieldpay Ltd offers innovative payment solutions designed for the professional services sector, facilitating secure and compliant transactions for its clients. The company focuses on enhancing payment processes through its technology-driven platform. Founded in 2016 and headquartered in Cheshire, UK, Shieldpay Ltd specializes in payment solutions for the professional services sector. The firm raised USD 6.

4 mn in Seed funding on August 1, 2017, with investors including CreditEase Fintech Investment Fund, Force Over Mass Capital, and Techstars. The company was founded by Pete Janes, who has a history of entrepreneurial involvement in the fintech space. Shieldpay specializes in payment solutions tailored for the professional services sector, providing a technology-driven platform designed to facilitate seamless and compliant payment transactions. The company's core product offerings include Verify, Hold, and Disburse functionalities, enabling legal and financial professionals to securely manage client funds and efficiently handle complex payment scenarios.

Shieldpay's customer base includes top law firms and various professional service providers, primarily operating in the UK and extending to international markets through a global payment network. In the most recent fiscal year 2024, Shieldpay generated revenue of USD 3,358,235. 60, while reporting an EBITDA of USD -6,105,332. 50.

The company generates revenue through transaction fees associated with its payment services, addressing the complexities of legal and financial payments within the B2B legal services sector. Shieldpay plans to utilize the recent Seed funding of USD 6. 4 mn to enhance its product offerings and expand into new geographic markets. The firm is focused on developing additional payment solutions that address emerging needs in the professional services sector, with a view to launching these new products in upcoming quarters.

The funding will be directed towards market expansion efforts, particularly in the European and North American regions, aiming for significant growth by 2025.