Fair Rate Funding

What Fair Rate Funding does

Fair Rate Funding is a privately held, non-recourse litigation finance company founded in 2007 and headquartered in Manasquan, New Jersey. It provides cash advances to plaintiffs awaiting the resolution of pending lawsuits, with repayment required only if the case is successful. The company concentrates on personal injury matters — including car accidents, premises liability, slip and fall, product liability, wrongful death, brain injury, medical malpractice, and nursing home abuse — and has expanded into adjacent case types such as FELA (railroad), Jones Act (maritime), NY Labor Law / scaffolding accidents, civil rights and wrongful termination, workers' compensation, third-party accident, Camp Lejeune water-contamination claims, appeals, and wrongful conviction. The platform also funds law firm operating loans, post-settlement funding, and direct-to-provider surgical funding.

Funding amounts range from $500 to $500,000 per case (advances generally 10–20% of estimated settlement value) and are priced at 18% per 6-month period on a non-compounding basis for preferred cases — presented as materially below competitor compounding rates of 3.5%–4.99% monthly. Distribution is direct-to-consumer via a website, 24/7 toll-free phone line, and online application, with underwriting conducted by contacting the plaintiff's attorney to evaluate case strength. The company markets itself across 38–41 states plus DC and reports ~2,360 cumulative funded applicants. No proprietary technology, AI capabilities, or institutional funding rounds are disclosed.

Name

Fair Rate Funding

Legal name

Fair Rate Funding

Website

https://fairratefunding.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Fair Rate Funding is a privately held, New Jersey-based litigation finance company founded in 2007 that provides non-recourse pre-settlement cash advances of $500–$500,000 to personal injury and other plaintiff clients across roughly 40 US states, charging 18% per 6-month period non-compounding.

Ownership category

akta.pro rank

Product category

Litigation Finance / Pre-Settlement Funding

NAICS

Sales Financing (52222)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro industry

PRIMARYFSAKAMAA

Single-Payment Payday Loans

Financial & Insurance/Lending & Consumer Finance/Payday Loans & Short-Term Credit

Keywords

• Litigation finance services
• Pre-settlement funding
• Non-recourse lawsuit loans
• Settlement cash advances
• Plaintiff legal funding

Headquarters

HQ city

Manasquan

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Pre-Settlement Funding: Fair Rate Funding provides cash advances to plaintiffs pending litigation resolution. Repayment is contingent on case success (non-recourse funding). If the plaintiff loses, no repayment is required. The company earns returns through interest rates charged on the funded amount, typically 18% per 6-month period (non-compounding for preferred cases). Advances generally range from 10-20% of estimated settlement value.
2. Surgical Funding: Direct payment to medical providers for plaintiff surgeries. Funds are repaid only if the case settles successfully. The company negotiates rates with medical providers and earns returns through the same non-recourse funding structure.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Fair Rate Funding is a direct lender that provides non-recourse pre-settlement and post-settlement cash advances to plaintiffs with pending or settled lawsuits, primarily personal injury matters. Repayment is contingent on case success — plaintiffs owe nothing if they lose — and funding amounts typically range from $500 to $500,000 per case. The firm also offers surgical funding paid directly to medical providers and dedicated financing solutions for plaintiff law firms handling contingency fee cases.

Product overview

Fair Rate Funding is a lawsuit funding company that provides non-recourse pre-settlement and post-settlement cash advances to plaintiffs involved in litigation. The company serves clients nationwide across 41 states and the District of Columbia. The core product is lawsuit settlement funding, where plaintiffs receive immediate cash in exchange for a portion of their future settlement proceeds. Fair Rate Funding offers specialized funding products across 20+ case types including car accidents, premises liability, product liability, slip and fall, wrongful death, brain injury, civil rights, medical malpractice, nursing home abuse, FELA (railroad), Jones Act (maritime), legal malpractice, wrongful termination, workers compensation, third-party accidents, pedestrian accidents, Camp Lejeune water contamination, surgical funding, appeals funding, and wrongful conviction cases. The company also provides law firm financing and post-settlement funding. Funding amounts typically range from $500 to $500,000, with advances generally limited to 10-20% of estimated case value. The company emphasizes non-recourse financing where repayment is only required if the case is successful.

Differentiator

Problem solved

Functional benefit

Products and services

• Pre-Settlement Lawsuit Funding Non-recourse cash advances provided to plaintiffs pending the resolution of their lawsuit, allowing them to cover expenses while litigation proceeds. Approval is based on case strength via attorney-vetted underwriting, with funding decisions typically rendered in 24-48 hours and amounts generally ranging from $500 to $500,000 (and up to $1,000,000 for wrongful conviction claims), capped at 10-20% of estimated case value. Repayment is required only if the case is successful.
• Post-Settlement Funding Cash advances for plaintiffs who have already settled their case but are awaiting disbursement of the settlement proceeds, providing liquidity during the post-settlement waiting period.
• Law Firm Loans – Attorney Funding Funding solutions for plaintiff law firms to cover operational costs while handling contingency fee cases, including a dedicated "For Attorneys" program with client referral forms and educational content.
• Surgical Funding Direct-to-provider funding paid to medical providers for plaintiff surgeries related to personal injury cases, covering major surgeries, minor procedures, travel, and living expenses during recovery. Repaid only if the case settles successfully under the same non-recourse structure.

Quantifiable outcome

• Funding available up to $500,000 per case
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• LawCash: Direct competitor providing pre-settlement lawsuit cash advances to plaintiffs nationwide, with overlapping product (non-recourse funding, attorney coordination) and customer base.
• USClaims: Direct competitor in pre-settlement and post-settlement funding for plaintiffs, similarly positioned in the Attorney at Law Magazine Top 5 PI funder ranking.
• High Rise Financial: Litigation funding company offering pre-settlement cash advances to plaintiffs, with comparable product, target market, and geographic footprint to Fair Rate Funding.
• Tribeca Lawsuit Loans: Direct competitor offering pre-settlement funding to plaintiffs. Named alongside Fair Rate Funding in the 2026 Attorney at Law Magazine Top 5 ranking for PI litigation funders, indicating identical target customer and product positioning.
• Fund Capital America: Direct competitor offering pre-settlement funding to personal injury plaintiffs, co-listed with Fair Rate Funding in the 2026 Attorney at Law Magazine Top 5 PI litigation funder ranking.
• Legal-Bay Lawsuit Funding: Direct competitor providing pre-settlement lawsuit loans and structured settlements, marketing similar non-recourse funding to plaintiffs across multiple case types.
• FastFunds: Direct competitor providing non-recourse pre-settlement lawsuit cash advances to plaintiffs, also co-listed with Fair Rate Funding in the Attorney at Law Magazine Top 5 PI funding ranking.

Emerging players

• NowACKnowledge Legal Funding: Emerging direct competitor offering pre-settlement funding for plaintiffs across similar case types, with overlapping geographic coverage.
• Beckett Legal Funding: Smaller, emerging pre-settlement funding company competing in the same niche with similar plaintiff-focused non-recourse cash advance products.

Broad incumbents

• Oasis Financial: One of the largest and most established plaintiff litigation funding companies in the US, offering the same non-recourse pre-settlement cash advance product but at greater scale and broader geographic reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/fairratefunding
• Facebookfacebook.com/fairratefunding
• LinkedInlinkedin.com/company/fair-rate-funding

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 Fair Rate Funding