Confido, an embedded payments and financial infrastructure platform built for law firms and legal technology providers, announced that it has raised $9 million in financing across two rounds, with the latest round led by Aquiline Capital Partners. Additional investors participating in the financing include The LegalTech Fund, Breakwater Ventures, Live Oak Bank, and Context Ventures, which led the company’s initial round.
The funding comes as the legal industry continues to modernize financial operations that have long relied on manual processes and outdated banking systems. Globally, the legal sector moves more than $1 trillion each year, yet much of that activity still involves paper checks, manual reconciliation, and financial tools not designed for legal trust accounting.
Law firms must maintain strict separation between trust and operating accounts while complying with state bar rules and Interest on Lawyers’ Trust Accounts regulations. Many firms also manage multiple trust accounts across different banks. These requirements have created operational challenges because most fintech and payment products are not designed to meet the legal sector’s compliance needs.
Confido was developed specifically to address these challenges. The company designed its platform around bar rules and trust accounting requirements to enable compliant money movement without requiring firms or LegalTech providers to adapt generic financial tools. Through a single GraphQL-based API, Confido enables platforms and firms to accept card and ACH payments, route funds across trust and operating accounts, conduct intra firm transfers, and send real time digital disbursements while automatically maintaining compliance with bar and IOLTA requirements.
The platform currently powers payments and financial workflows for many LegalTech platforms and supports more than 1,500 law firms across the United States and Canada.
The company plans to use the new capital to strengthen its payments and disbursement infrastructure and expand into additional embedded financial products tailored for LegalTech companies and their law firm customers. Confido’s leadership said the broader vision is to consolidate fragmented financial workflows into a single compliant platform for the legal market.
KEY QUOTES:
“Confido makes it easier for law firms and LegalTech platforms to get paid and pay out funds by building compliant, modern payments and payouts directly into the systems they already use. As investors at the intersection of financial services and LegalTech, Aquiline is excited to support Emery and his team as they continue to build the preeminent financial platform for the legal market.”
Dante La Ruffa, Partner And Head Of Aquiline’s Venture & Growth Strategy At Aquiline Capital Partners
“We built Confido on the principle that LegalTech companies should have one API and one underwriting process to deliver all the payments and financial workflows their law firm customers need. This latest round will help further accelerate that vision beyond payments acceptance and disbursements.”
Emery Wager, Cofounder Of Confido
“The Confido team continues to deliver purpose-built, compliant infrastructure that allows money to move the way law firms and legal technology companies need.”
Zach Posner, Managing Partner Of The LegalTech Fund
