How The New Funding Mechanism Works

As users know, Invest4Justice previously funded cases through Paypal and Wepay. This had a number of inconveniences: only small amounts could be funded, investors had to provide credit card information without knowing whether it would be used, and there were high fees for Paypal and Wepay for doing very little.

Invest4Justice’s new funding model is more secure than using Paypal or Wepay and ensures that a maximum amount of funds are received by the litigant: nothing at all is paid when one pledges to invest in a case and pledges are only collected if 100% of funding for a case has been pledged, without passing through Paypal or Wepay. Thus, investors do not have to pay a penny or provide any credit card information, unless and until 100% has been pledged and they have signed an electronic litigation funding agreement which provides additional legal security concerning their investment.

When 100% has been pledged, our staff contacts all investors and the litigant, inviting them to sign an electronic litigation funding agreement, after which all amounts are transferred to the litigant’s lawyer to pay for the case and investors are invited to the litigant’s legal team where they receive regular updates about case progress until compensation is paid. Invest4Justice also no longer charges a 4% fee for this fundraising service, so all amounts raised will be sent the litigant without deductions for Paypal, Wepay or Invest4Justice.

Users who have already provided funds for a case via Paypal or Wepay do not need to worry, these funds will still be transferred to the litigant’s lawyer when 100% of the funding required is in place.

 

 

 

How The New Funding Mechanism Works