About
Shieldpay is a B2B payments business. We provide a cloud-based digital escrow and disbursement solution that makes it faster and more secure to send and receive high value, time sensitive payments. We specifically cater to transactions that have a ‘contingent element’ such as M&A, class action lawsuits, real estate, marketplaces, rental deposits, trust services and supply chain transactions.
Incumbent payment providers do not have the necessary regulatory licenses, account structure or disbursement technology to service these types B2B payment use cases. Therefore, due to the lack of alternatives before Shieldpay, legal and professional services entities have had to manage and maintain their own manual payment functionality.
These archaic, inefficient and manual processes means millions lost each year in administration costs and cybercrime and they result in slow processing and poor user-experience for the end customer.
Shieldpay Limited is authorised and regulated by the Financial Conduct Authority as a payment institution and Shieldpay Trustee Services Limited is registered and supervised by HMRC as a Trust Services Provider. We offer a compliant solution in line with SRA and CLC regulations. As part of our operation, we hold banking relationships with recognised financial institutions. Client funds and trust funds are safeguarded with authorised banks which maintain appropriate levels of prudential requirements.
LondonLegal