Talli Closes $4 Million Seed Round to Modernize Legal Payments Technology

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NEW YORK--(BUSINESS WIRE)--Nov 11, 2024--

Talli, a groundbreaking digital payments platform for the legal industry, today announced a $4 million seed funding round led by Vestigo Ventures. The investment will accelerate the company's mission to transform how legal professionals manage client settlements and reimbursements.

Solving Critical Challenges in Legal Payments

Legal service providers face persistent payment obstacles that impact their operational efficiency:

• Manual and analog processes upstream of the settlement cycle
• Unpredictable reimbursement cycles
• Limited client payment options
• Excessive transaction costs
• Complex compliance tracking

Talli introduces a comprehensive solution that streamlines payment processes, reduces administrative overhead, and enhances financial transparency for legal businesses.

"AI serves as a catalyst for digitizing traditionally analog industries, unlocking unprecedented economic value and transformation," said Rob Heffernan, Co-Founder and CEO at Talli. "While the legal sector has historically been slow to embrace digital innovation, we're at a pivotal moment of change. Through our payments infrastructure, Talli is strategically positioned to introduce unprecedented automation to legal settlements, significantly reducing risk and costs for our clients."

"Generative AI has allowed any person to code, and it has also enabled the most talented teams to reinvent industries—and that's exactly what Rob and the team at Talli are doing for payments in the legal industry. At Nadia Partners, we're operators and have had the privilege to co-found this business with Rob, and we've been thrilled with the support from Vestigo Ventures," said Aidan Kehoe, Co-Founder and Managing Partner at Nadia Partners.

Platform Capabilities

The Talli platform offers a robust suite of features designed to empower both legal administrators and claimants:

• Multiple secure digital payment methods
• Automated fraud and compliance management
• Real-time payment tracking dashboard and customizable reporting tools
• Intuitive user experience for all end users
• Automation of settlement processes

"A staggering number of entrepreneurs have built successful companies to help businesses accept digital payments,” said Frazer Anderson, Partner at Vestigo Ventures. “There has been much less innovation helping organizations distribute value. Talli's combination of team and timing made it easy for us to get excited to back them. Rob's not a CEO you'd bet against!"

As Talli embarks on this next phase of growth, the company invites a select group of legal professionals, claims administrators, and service providers interested in transforming their payment processes to join its early access program.

About Talli

Talli is a digital payments platform dedicated to transforming settlement processes for legal settlement providers. Founded by industry veteran Rob Heffernan in partnership with Nadia Partners, the company combines advanced technology with deep domain expertise to create more efficient, transparent payment solutions. For more information, visit www.talli.ai.

About Vestigo Ventures

Vestigo Ventures, founded in 2016, is a Northeast-based early-stage venture capital firm focused on accelerating the AI age in financial services. They are committed to building a high-impact, multi-generational capital platform to support entrepreneurs with their industry experience, unequaled network, and AI advantage. For more information about Vestigo Ventures, visit its website at www.vestigoventures.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20241111278904/en/

CONTACT: Rob Heffernan

Talli

+447956608564

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: SOFTWARE NETWORKS PROFESSIONAL SERVICES FINTECH DATA MANAGEMENT PAYMENTS APPS/APPLICATIONS TECHNOLOGY DIGITAL CASH MANAGEMENT/DIGITAL ASSETS ARTIFICIAL INTELLIGENCE SECURITY LEGAL FINANCE

SOURCE: Talli

Copyright Business Wire 2024.

PUB: 11/11/2024 12:36 PM/DISC: 11/11/2024 12:37 PM

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