Shieldpay

About

At Shieldpay, we are at the forefront of revolutionizing the payments landscape for the legal and professional services sectors through groundbreaking technology. Founded in 2016 with the ambitious goal of making complex payments simple and secure, our platform was born from the necessity to mitigate risk and eliminate fraud in high-value transactions. We pioneered the creation of digital escrow, a concept that has become the bedrock of our service, allowing us to securely hold funds until all parties in a transaction are satisfied. Our innovative, cloud-based platform is engineered to handle the intricate demands of M&A deals, class action lawsuit settlements, real estate transactions, and other complex financial operations with unparalleled security and efficiency. By integrating best-in-class digital customer verification, a global escrow banking network, and mass disbursement functionality, we are fundamentally transforming archaic payment processes. Our technological prowess is centered around three core capabilities: Verify, Hold, and Disburse. Through our powerful API and the strategic use of open banking, we automate and streamline the entire payment lifecycle. The 'Verify' function solves the complexities of compliance by conducting fast, accurate KYC and AML checks on all parties. The 'Hold' capability protects funds in safeguarded, reconcilable accounts, offering a modern alternative to traditional client accounts. Finally, 'Disburse' enables fast, transparent, and global mass payouts once all conditions are met. This triad of services not only de-risks payments but also liberates legal and professional firms from significant administrative burdens and financial risk. Having processed over £8 billion to date and working with over 40 of the UK's top 100 law firms, Shieldpay continues to push the boundaries of what's possible in FinTech, shaping the future of secure, high-value payments worldwide.