Locations
England, UK · United Kingdom · London, UK · City of London, London, UK · Mile End, London, UK · Kingston Vale, London SW15, UK
industry
Finance
Size
51-200 employees
Stage
Series A
founded in
2017
Shieldpay is a B2B payments business. We provide a cloud-based digital escrow and disbursement solution that makes it faster and more secure to send and receive high-value, time-sensitive payments. We specifically cater to transactions that have a ‘contingent element’ such as M&A, class action lawsuits, real estate, marketplaces, rental deposits, trust services, and supply chain transactions. Incumbent payment providers do not have the necessary regulatory licenses, account structure, or disbursement technology to service these types of B2B payment use cases. Therefore, due to the lack of alternatives before Shieldpay, legal and professional services entities have had to manage and maintain their own manual payment functionality. These archaic, inefficient, and manual processes mean millions lost each year in administration costs and cybercrime, and they result in slow processing and poor user experience for the end customer. Shieldpay Limited is authorised and regulated by the FCA.
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