Talli, a digital payments platform focused on the legal industry, has raised $4m in a seed financing round led by Vestigo Ventures.

This infusion will enable Talli’s efforts to modernise legal payments technology, a sector traditionally hindered by outdated processes.

The legal services sector is affected by multiple payment-related challenges, including manual and analogue processes prior to settlement.

Other hurdles include unpredictable reimbursement cycles, limited payment options for clients, high transaction costs, and the need for complex compliance tracking.

Talli’s platform is designed to address these issues by offering a comprehensive solution that simplifies payment processes, decreases administrative costs, and improves financial transparency for legal firms.

Nadia Partners co-founder and managing partner Aidan Kehoe said: “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.

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“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.”

The platform’s capabilities cater to the needs of legal administrators and claimants.

Talli provides multiple secure digital payment methods, automated fraud and compliance management, and a real-time payment tracking dashboard with customisable reporting tools.

Talli co-founder and CEO Rob Heffernan said: “AI serves as a catalyst for digitising traditionally analog industries, unlocking unprecedented economic value and transformation.

“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.”