Fintech firm Legalpay launches healthcare-focused SPV fund for retail investors

FPJ Web DeskUpdated: Tuesday, January 18, 2022, 06:03 PM IST
article-image
Under this SPV, retail investors can invest for as low as Rs 10,000 and diversify their investment portfolio just like the HNIs do./Representative image |

Fintech LegalPay announced the launch of its interim finance healthcare-focused fund for retail investors. Through fractional ownership, investors can invest starting Rs10,000 per opportunity in asset-backed legal and debt financing asset classes.

LegalPay, an alternative investments platform specialising in legal and debt financing opportunities, has launched a Special Purpose Vehicle (SPV) focused on the healthcare sector for retail investors wishing to invest and provide fractional super-secure financing to companies under insolvency that have substantial assets.

Under this SPV, retail investors can invest for as low as Rs 10,000 and diversify their investment portfolio just like the HNIs do.

Interim Finance under IBC, 2016 is short-term super-secure financing that allows an insolvent company to remain operational while undergoing the Corporate Insolvency Resolution Process (CIRP). LegalPay targets mid-market companies, including MSMEs, undergoinginsolvencies, requiring Rs 10 lakhs - Rs 5 crores, according to a press statement.

“LegalPay democratizes investments through extensive use of technology and data. We want to make the use of alternative investments mainstream for retail Indian investors like the ultra-rich does,” said Kundan Shahi, Founder & CEO of LegalPay.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Tesla won't manufacture in India unless allowed to sell, service cars: Elon Musk

Tesla won't manufacture in India unless allowed to sell, service cars: Elon Musk

India records 2,685 fresh COVID-19 cases, 33 deaths

India records 2,685 fresh COVID-19 cases, 33 deaths

French Open: Rafael Nadal vs Uncle Toni: Rafa to meet Felix Auger-Aliassime in Paris

French Open: Rafael Nadal vs Uncle Toni: Rafa to meet Felix Auger-Aliassime in Paris

Mumbai: Ola driver arrested for molesting 15-year-old girl in Goregaon

Mumbai: Ola driver arrested for molesting 15-year-old girl in Goregaon

Union minister Narayan Rane undergoes angioplasty in city hospital

Union minister Narayan Rane undergoes angioplasty in city hospital