Confido Raises $9 Million to Scale Embedded Financial Infrastructure for Law Firms and LegalTech Platforms
Confido secured $9 million to expand its financial infrastructure platform designed for law firms and LegalTech companies.Summary
Confido, a platform providing embedded financial infrastructure specifically for the legal industry, has raised $9 million in funding led by Aquiline Capital Partners. The company addresses the challenges of managing over $1 trillion in annual legal transactions, which often rely on outdated methods like paper checks. Confido’s platform enables compliant money movement through a single API, handling card and ACH payments, fund routing, transfers, and disbursements while adhering to strict bar and IOLTA rules. Currently supporting over 1,500 law firms across the US and Canada, Confido aims to consolidate fragmented financial workflows into a single, compliant platform. The new funding will be used to strengthen its infrastructure and expand into additional financial products for the LegalTech market, reflecting a growing demand for purpose-built financial solutions within the legal sector. Investors highlighted Confido’s regulation-first approach as a key differentiator.
(Source：Fintech Finance)