In a significant development, a Manchester-based specialist in litigation funding has announced a new £20 million investment partnership with an innovative investment firm. This strategic partnership is set to expand access to justice for consumers facing financial barriers.
Nera Capital, a pioneering litigation funding specialist, has revealed a £20 million investment from Fintex Capital. This partnership is regarded as a crucial milestone for both entities as the demand for law firm financing continues to rise. Claimants seeking redress for issues ranging from hidden commissions on car financing to housing disrepair are set to benefit greatly from this infusion of capital.
The new funding line aims to make the justice system more accessible by diminishing financial barriers, thereby enabling a broader range of consumers to seek redress. By diversifying its funding sources, Nera Capital hopes to extend its reach and bring the benefits of capital and expertise to a larger audience.
According to Aisling Byrne, Director of Nera Capital, this investment from Fintex Capital will accelerate the company’s growth and scale its operations to provide essential financial support to clients when needed most. Byrne noted, “Along with being better positioned to ensure justice remains accessible, even against the most formidable adversaries, the additional funding line increases Nera Capital’s diversification. We have also now successfully underwritten our operations through a number of heavyweight institutional lenders, and this latest infusion of capital allows us to explore new avenues within the litigation finance market.” She added that the firm’s operations were endorsed by a prominent institutional investor, and the transaction was executed in record time, led by Sophie Batoua and her team at Fintex.
For Fintex Capital, this deal represents the third UK funding line of approximately £20 million, fully funded by its flagship fund, Fintex Private Debt. CEO Robert Stafler remarked, “This granular, insurance-backed financing provides vital funding to consumers when they need it most. It enables them and their lawyers to bring justice to families who, without Nera’s support, would be unable to seek redress. Nera has a strong track record in its market, having successfully provided approximately £200 million in funding for UK consumer claims to date. We are delighted to see that our investment helps Nera solidify its position as a leader in its field. To us, this is just the beginning of a successful long-term partnership.”
In concluding statements, Byrne highlighted that Nera Capital’s ability to secure significant investments underscores its leading position in the litigation finance space. She stated, “Through continuing to expand our footprint and push the boundaries of what’s possible in litigation funding, clients and investors alike can look forward to a future where justice is more accessible, and financial barriers are diminished. This partnership is a pivotal step in an exciting journey that will see Nera Capital reaching new heights, driving industry change, and continuing to support those in need with unwavering dedication.”
This £20 million investment signifies a transformative moment for Nera Capital and Fintex Capital, promising wider access to justice for consumers and solidifying Nera Capital’s leadership in the litigation finance sector.