Shieldpay

Shieldpay provides an FCA-regulated payment platform for UK law firms, offering verification (KYC, AML and sanctions checks), safeguarded fund holding, and payment disbursement for transactions such as M&A, litigation settlements, escrow and conveyancing. Its Payment Account (TPMA) is presented as an alternative to a traditional law firm client account.

Customers are UK law firms, which use the platform through a portal, API integration or hands-on support. The company states it has processed over £18 billion in transactions and that over 40 of the UK's top 100 law firms use it; revenue model is not stated on the website. Funds are held with banking partners Citi and ClearBank.

Shieldpay Ltd was founded in 2016 in London, where its registered address is listed. The website states it is FCA-regulated (firm reference 770210), authorised by HMRC for Trust Services, and ISO 27001 certified. Three open roles are listed: Senior Software Engineer, Operational Risk and Compliance Manager, and Financial Crime Operations Analyst, all in London.

Product: Payment Account (TPMA), paying agent and escrow services with verification, fund holding and disbursement for legal transactions