Shieldpay is a finance technology startup founded in 2017 and based in the United Kingdom. The company's slogan, "Shieldpay is the payments platform for the legal and professional services industry," encapsulates its core mission of providing innovative payment solutions for legal and professional services.
The company offers a comprehensive payments platform that caters specifically to the legal and professional services industry, delivering technology-optimized solutions designed to reduce risk, enhance security, and provide transparency. Shieldpay's capabilities include Verify, Hold, and Disburse, which can be tailored to various transactional needs, including high-value, high-volume, and international transactions. Notably, Shieldpay is authorized and regulated by the Financial Conduct Authority as a payment institution, and its Trustee Services Limited is registered and supervised by HMRC as a Trust Services Provider, ensuring regulatory compliance and client fund security.
In terms of investments, Shieldpay secured a significant $34.00M Series A investment on 07 December 2021 from a notable group of investors including Techstars, CreditEase, Mastercard, MBU Capital, Elliott Investment Management, and Marqeta. Furthermore, the company has garnered recognition in the form of numerous awards, showcasing its innovative contributions to the industry, including the Banking Tech Awards' Best Digital Solution Provider – PayTech 2023, BusinessCloud's Top 50 Most Innovative Fintechs in the UK 2023, and the Tempo Top 50 startups to work for in London in 2021/2022/2023, among others.
Overall, Shieldpay has positioned itself as a leading payments platform for the legal and professional services industry, backed by significant investment and a track record of innovation and industry recognition.