Novation Settlement Solutions

What Novation Settlement Solutions does

Novation Settlement Solutions is a US-based financial services company that purchases structured settlement payments, annuity payments, and lottery receivables from individual holders at a discount, providing immediate lump-sum cash in exchange for the right to receive future payment streams. Founded in 2000 as Novation Capital and headquartered in West Palm Beach, Florida, the company operates a direct-to-consumer model across all 50 US states, serving individuals who need liquidity rather than waiting for scheduled future payments from personal injury settlements, annuities, or lottery winnings. The company has facilitated over $1.5 billion in cumulative client transactions and reports a 97% court approval success rate on settlement transfers.

The company's product portfolio centers on three core purchasing services — structured settlements (its primary offering), annuities (over $1.2 billion in cumulative purchases), and lottery payments — plus a cash advance add-on for urgent expenses during the 60-90 day approval window. The operating model is manual and human-driven: customers contact the company via phone (877-702-9803) or web form, and dedicated Funding Executives shepherd each case from consultation through court approval to funding. No proprietary technology platform, mobile application, API, or AI/ML capability is disclosed; the primary technology touchpoints are the public website and the internal Funding Executive workflow.

Novation generates revenue through transaction-based spreads: it buys future payment streams at a discount to face value and retains the difference as profit. Pricing is quote-based, non-public, and tailored to each individual transaction based on settlement amount, payment schedule, and state of issuance. The company operates as a privately held LLC with 101-250 employees, no disclosed venture capital or private equity investment, no parent company or subsidiary structure, and no publicly identified leadership beyond an unspecified general contact channel. Its stated geographic exclusions (no retirement funds, worker's compensation, child support, unemployment, divorce settlements, SSDI, or pensions) define the eligible receivables perimeter rather than its target market.

Name

Novation Settlement Solutions

Legal name

Novation Settlement Solutions, LLC

Website

https://novationsettlementsolutions.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Novation Settlement Solutions is a US financial services company that purchases structured settlements, annuities, and lottery payments from individual holders at a discount, providing immediate lump-sum cash. Operating across all 50 states since 2000 via phone- and web-based direct-to-consumer sales.

Ownership category

akta.pro rank

Product category

Structured Settlement & Annuity Purchasing

akta.pro primary industry

Structured Settlement Annuities (FSAIACAJ)

Keywords

• Structured settlement purchasing
• Annuity payment purchasing
• Lottery receivables buying
• Settlement funding services
• Annuity lump sum conversion

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Structured Settlement & Annuity Purchases: Novation purchases structured settlements, annuities, and lottery receivables from individuals at a discount, providing them immediate lump sum cash. The company profits from the difference between the lump sum paid to the seller and the future payment stream's value. Revenue is generated through one-time transaction fees based on the discounted value of acquired payment streams.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Novation Settlement Solutions purchases structured settlement payments, annuity payments, and lottery receivables from individuals at a discount, providing them with immediate lump-sum cash in exchange for future payment streams. Dedicated Funding Executives guide each customer from quote through court approval to funding, typically within 60-90 days, with cash advances available for urgent expenses during the approval process.

Product overview

Novation Settlement Solutions operates as a unified financial services platform offering structured settlement, annuity, and lottery payment purchasing. The company's primary offering is its settlement purchase service, which has helped clients receive over $1.5 billion in structured settlements since 2000. The product portfolio includes core structured settlement purchase services (with a 97% court approval rate), annuity purchase services (over $1.2 billion purchased), lottery payment services, and an add-on cash advance feature for urgent expenses. All services are delivered through the same client-facing process involving funding executives and a streamlined 60-90 day approval workflow.

Differentiator

Problem solved

Functional benefit

Products and services

• Structured Settlement Purchase Services
• Annuity Purchase Services
• Lottery Payment Services
• Cash Advances

Quantifiable outcome

• 97% court approval rate
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• Peachtree Financial Solutions: Direct competitor purchasing structured settlements, annuities, and lottery payments nationwide. Comparable in operating model, customer profile, and court-approval-driven workflow.
• JG Wentworth: One of the largest and most recognized structured settlement and annuity purchasers in the US, with a national footprint and similar direct-to-consumer marketing model. Most direct comparable to Novation in product offering, customer base, and go-to-market.
• Stone Street Capital: Specialty finance firm purchasing structured settlements and annuity payments from individuals, operating with a similar transaction-based revenue model and direct customer relationships.
• CBC Settlement Funding: Direct competitor in structured settlement purchasing serving consumer customers seeking lump sum cash, with overlapping product offering and similar direct sales approach.
• Seneca Structured Settlements: Direct competitor purchasing structured settlement payments nationwide with a comparable court-approval-driven workflow and direct-to-consumer acquisition model.
• Annuity Advantage: Annuity purchasing specialist that buys future annuity payments from individuals for lump sum cash, directly overlapping with Novation's annuity purchase product line.
• Fairfield Funding: Structured settlement and annuity purchasing company serving consumers nationwide with a similar phone-based, direct-to-consumer model and court approval process.

Broad incumbents

• DRB Capital: Larger specialty finance company purchasing structured settlements, lottery payments, and other future receivables. Broader asset class focus and larger scale than Novation, but overlapping customer base and purchase model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/novationcash
• Facebookfacebook.com/novationsettlementsolutions
• LinkedInlinkedin.com/company/novation-settlement-solutions

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novation Settlement Solutions