Debt

Debt financing

LegalPay partners with Jumbo Finance to fund small ticket CIRP cases

Economic Times  

New Delhi-based legal technology startup LegalPay has partnered with Mumbai-based non-banking finance firm Jumbo Finance Ltd to give interim finance to the companies undergoing the Corporate Insolvency Resolution Process (CIRP). LegalPay, which also works as an alternative-investments platform specializing in legal financing, is also in talks with more such NBFCs to fund companies under CIRP. The firm is targeting mid-market companies, including micro-small and medium enterprises (MSMEs), undergoing insolvencies requiring up to INR 5 crore.