Ardec Funding

What Ardec Funding does

Ardec Funding, operating since 1999 and rebranded to Cartiga in 2024, is a US-based private financial services firm specializing in working capital and case-based financing for contingent fee personal injury law firms and pre-settlement funding for individual plaintiffs. The company deploys capital from $50,000 to $10 million against active case portfolios, structuring repayment around case resolution timelines with no personal guarantee, no upfront fees, and no compounding interest. Its product suite spans a core working capital facility plus specialized programs for case cost financing (experts, filings, records), growth capital for marketing and case acquisition, and ownership/succession financing for partner buyouts; a separate consumer-facing subsidiary, LawCash, handles plaintiff-side lawsuit and medical funding.

Cartiga's operating model is sales-led, with direct inside-sales outreach (phone 866-257-7528) combined with a web application portal at cartiga.com, supplemented by content marketing, industry events, and a self-service borrower portal (myCartiga). The firm monetizes through outcome-based pricing — financing fees and interest on advanced capital repaid as cases settle — rather than firm-level credit underwriting. The team is composed of former personal injury attorneys and paralegals, which the company positions as a core differentiator in case evaluation and client relationship management. The company has served hundreds of attorneys and law firms nationwide, and its underlying technology is a legal-funding assessment platform for evaluating case portfolios and expected client fees.

Name

Ardec Funding

Legal name

Cartiga

Website

https://ardecfunding.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Cartiga (formerly Ardec Funding) is a US-based financial services firm providing $50K–$10M in working capital and case-based financing to contingent fee personal injury law firms, plus pre-settlement funding for plaintiffs via its LawCash subsidiary.

Ownership category

akta.pro rank

Product category

Legal Funding / Law Firm Financing

NAICS

Sales Financing (52222), Sales Financing (522220)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)

Keywords

• Law firm funding
• Legal financing
• Case cost financing
• Plaintiff lawsuit funding
• Working capital

Headquarters

HQ city

Mineola

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Working Capital Financing: Provides capital to law firms based on their active case portfolios. Repayment occurs as cases resolve and settle. Revenue generated through financing fees and interest on the capital advanced, structured with no compounding interest and low monthly payments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Cartiga (formerly Ardec Funding) provides working capital financing to contingent fee-based personal injury law firms, ranging from $50,000 to $10 million, secured against active case portfolios rather than firm credit. Repayment is structured around case resolution timelines with no compounding interest, no upfront fees, low monthly payments, and no personal guarantee required. The company also offers plaintiff-focused lawsuit and medical funding through its LawCash sub-brand.

Product overview

Cartiga (formerly Ardec Funding) is a financial services platform offering working capital solutions for law firms and lawsuit funding for plaintiffs. The core platform provides working capital financing built on active cases with no personal guarantee required, while supporting three specialized programs: Case Cost Financing for expert witnesses and filings, Ownership & Succession for partner buyouts, and Growth Capital for marketing and case acquisition. For plaintiffs, the company offers Lawsuit Funding and Medical Funding through its LawCash subsidiary brand. Funding ranges from $50,000 to $10 million, with terms structured for repayment as cases resolve.

Differentiator

Problem solved

Functional benefit

Products and services

• Working Capital Flexible financing for law firms based on their active case portfolio, providing capital for case costs, marketing, and growth operations. Repaid as cases resolve. No personal guarantee required.
• Case Cost Financing Funding program to cover case-related expenses including experts, filings, and records. Allows law firms to pursue cases without bearing upfront costs.
• Growth Capital Program Marketing and case acquisition financing for law firms looking to expand their practice and take on more cases.
• Ownership & Succession Partner buyouts and business transitions financing, enabling law firm partners to facilitate ownership changes and succession planning.
• Lawsuit Funding (Plaintiff) Cash advances for plaintiffs before their case settles, providing financial support for living expenses during litigation.
• Medical Funding (Plaintiff) Funding to cover medical expenses for plaintiffs while their lawsuit is pending resolution.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• LawCashcoreChannel Partner/ Reseller/ DistributorLawCash serves as a separate plaintiff funding platform under the Cartiga/Cartiga umbrella, targeting individual plaintiffs seeking lawsuit advances while their cases are pending. It operates as a consumer-facing channel distinct from the B2B law firm funding business.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Burford Capital: Burford Capital is the largest publicly-traded commercial litigation finance provider, operating as a broad incumbent in the legal funding space. While it focuses primarily on commercial litigation rather than PI, it validates the broader litigation finance category in which Cartiga operates and represents the upper bound of scale in legal funding.

Emerging players

• Everest Business Funding: Everest Business Funding provides merchant cash advances and small business working capital loans, comparable to Cartiga in the non-depository, revenue-based credit space. Both serve businesses that cannot access traditional bank financing and structure repayment around future revenue streams.
• Rapid Finance: Rapid Finance provides small business funding including working capital and merchant cash advance products, with underwriting based on business cash flows. Comparable to Cartiga as a non-traditional revenue-based financing alternative for small and mid-market businesses.
• Yellowstone Capital: Yellowstone Capital is a small business working capital provider offering MCA and revenue-based financing to businesses across multiple industries. Comparable to Cartiga as a non-depository credit provider using future revenue streams for underwriting and repayment.
• BFS Capital: BFS Capital is a non-bank lender specializing in revenue-based financing and working capital for small businesses, partially comparable to Cartiga's revenue-stream-tied model. Serves as a reference point for non-depository credit intermediation that uses future cash flows rather than traditional collateral.

Direct peers

• LawCash: LawCash is the consumer-facing plaintiff funding sub-brand under Cartiga, but also operates as a standalone brand in the same plaintiff pre-settlement funding market. Serves as both a channel partner and direct competitor to Cartiga in the consumer lawsuit advance space.
• RD Legal Funding: RD Legal Funding provides pre-settlement and post-settlement funding to plaintiffs and attorneys in personal injury, mass tort, and structured settlement cases. Comparable to Cartiga in serving both plaintiff and law firm funding needs with similar non-recourse structures.
• Oasis Financial: Oasis Financial is one of the largest plaintiff-side pre-settlement funding companies in the US, directly comparable to Cartiga's LawCash sub-brand. Both provide cash advances to plaintiffs awaiting case resolution and compete in the same consumer-facing litigation funding channel.
• WhiteBridge Financial: WhiteBridge Financial provides working capital loans to plaintiff law firms using pending case settlements as collateral, mirroring Cartiga's core B2B product. Both target PI and mass tort firms with non-recourse funding structures and similar ticket sizes.

Regional players

• Canopy Capital Partners: Canopy Capital Partners provides litigation finance and law firm funding, comparable to Cartiga's specialized focus on attorney and plaintiff financing. Operates in an adjacent niche within the broader legal funding market with similar non-recourse structures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

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 Ardec Funding