What 123lumpsum does

123 Lumpsum is a privately held specialty finance company headquartered in Fort Lauderdale, Florida, that purchases future payment streams from individuals in exchange for an immediate lump sum of cash. Founded approximately 20 years ago and operating as a direct-to-consumer business, the company is self-described as the second-largest structured settlement purchaser in the United States, with a cumulative $1.6 billion in payments purchased. Its primary service is the purchase of structured settlement payments from legal settlements, but it has extended its product set to include insurance annuity payment purchases, lottery winnings purchases, and non-recourse pre-settlement funding for plaintiffs in pending litigation.

The company's offering is structured around a four-product platform that follows a uniform process flow: customer consultation, evaluation of the payment stream (assessing schedule, discount rate, and obligor credit quality), court and legal approval where required, and lump sum payout. All transactions are court-approved, providing a legally compliant pathway for consumers to convert future periodic payments into immediate cash. The company serves individual consumers facing financial events such as medical bills, debt, home purchases, education costs, and business investment opportunities. Customer support is delivered through a toll-free phone line (1.800.400.9123), website callback requests, and in-person consultations at the Fort Lauderdale headquarters during extended weekday and weekend hours.

123 Lumpsum generates revenue through the spread between the discounted present value it pays customers and the future value of the payment streams it acquires — a transaction-fee model applied across each of its four verticals. The company employs 101-250 staff and is founder-led, with Michael Abraham identified as Founder and Michael Asseff serving as CEO. Distribution is primarily direct-to-consumer inside sales, supported by organic social media presence (X, Facebook, YouTube) and a corporate website emphasizing customer testimonials and educational content. The company reports a 4.9/5 Google rating and 99% customer satisfaction, and is privately held with no disclosed institutional investors, parent company, or recent capital raises (the last documented funding activity was in 2013).

Name

123lumpsum

Legal name

123 LUMPSUM

Website

https://123lumpsum.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

123 Lumpsum is a privately held Fort Lauderdale–based specialty finance company that purchases structured settlement, annuity, lottery, and pre-settlement payment streams from individual consumers in exchange for an immediate lump sum, operating as the self-described second-largest player in the U.S. structured settlement market.

Ownership category

akta.pro rank

Headquarters

HQ city

Fort Lauderdale

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, Others

Revenue model

1. Structured Settlement Purchase Fees: The company purchases future structured settlement payments at a discounted present value and provides customers with an upfront lump sum. Revenue is generated through the spread between the present value paid to customers and the future value of the payments acquired.
2. Annuity Purchase Fees: Similar to structured settlement purchases, the company buys insurance annuity payments at a discount, providing immediate cash to customers in exchange for future payment streams.
3. Lottery Payment Purchases: The company purchases future lottery winnings payments at a discounted present value, providing immediate lump sum to winners.
4. Pre-Settlement Funding: Non-recourse cash advances on pending lawsuit settlements. The advance is repaid only if the case is won, from the settlement amount. If the case is lost, the customer owes nothing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

123 Lumpsum is a specialty finance company that purchases future payment streams from individuals in exchange for an immediate lump sum of cash. The company's core offerings include purchasing structured settlement payments, insurance annuity payments, lottery winnings payments, and providing non-recourse pre-settlement funding for pending lawsuits. Each transaction follows a consultation, evaluation, legal compliance, and lump sum payout process.

Product overview

123 Lump Sum is a specialty finance company offering a unified platform for selling future payment streams. The core offerings include four integrated services: Structured Settlement Payment Purchase, Annuity Payment Purchase, Pre-Settlement Funding, and Lottery Winnings Purchase. All services follow a similar process flow—consultation, evaluation, legal compliance, and lump sum payout—allowing customers to convert future periodic payments into immediate cash.

Differentiator

Problem solved

Functional benefit

Products and services

• Structured Settlement Payment Purchase Purchase of future structured settlement payments from legal settlements in exchange for an immediate lump sum of cash. The company evaluates payment schedules, discount rates, and insurance company credit ratings to determine fair offers. Targeted at individuals receiving periodic settlement payments who need immediate cash.
• Annuity Payment Purchase Purchase of future insurance annuity payments in exchange for an upfront lump sum. Allows annuitants to sell all or part of their periodic payments for immediate cash access. Targeted at individuals receiving periodic annuity payments.
• Pre-Settlement Funding Cash advance on pending lawsuit settlements, providing immediate funds while awaiting legal resolution. Non-recourse product: repayment is only required if the case is won, from the settlement amount; if the case is lost, the customer owes nothing. Targeted at plaintiffs in pending lawsuits needing financial assistance.
• Lottery Winnings Purchase Purchase of future lottery payment streams in exchange for an immediate lump sum, enabling lottery winners to access their winnings before the full payout period. Targeted at lottery winners receiving payments over several years or decades.

Quantifiable outcome

• $1.6 billion in structured settlement payments purchased
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Peachtree Financial Solutions: Peachtree Financial Solutions is a direct competitor in structured settlement and annuity purchasing. Operates the same D2C origination model (phone, online) targeting the same individuals seeking lump-sum payouts.
• Fairfield Funding: Fairfield Funding purchases structured settlements, annuities, and lottery winnings on a D2C basis. Direct competitor with overlapping product set, target customer profile, and inside-sales go-to-market motion.
• Capital Settlement Solutions: Capital Settlement Solutions specializes in purchasing structured settlements and lottery winnings, using a court-supervised process identical to 123 Lump Sum's. Closely comparable specialty finance operator serving the same customer base.
• Asset Sales Inc: Asset Sales Inc purchases structured settlements, annuities, and lottery winnings through a D2C model. Direct competitor in the consumer payment-stream factoring market with similar product breadth and customer targeting.
• Novation Settlement Solutions: Novation Settlement Solutions buys structured settlements and annuity payments from individuals seeking immediate cash. Direct peer in product offering, regulatory framework, and target demographic.
• Cash4Annuities: Cash4Annuities purchases annuity payments at a discount for lump-sum payouts, operating in the same sub-segment of the structured settlement/annuity purchase market. Direct niche competitor with overlapping target customers.
• DRB Capital: DRB Capital is a structured settlement and annuity purchaser with comparable volume profile and product mix. Active in the secondary market for future payment streams and competes directly for the same inbound customer flow.
• JG Wentworth: JG Wentworth is the largest US purchaser of structured settlements and annuities, offering near-identical products to 123 Lump Sum. Direct head-to-head competitor across the same consumer segments, same court-approved process, and same product taxonomy.

Emerging players

• Burford Capital: Burford Capital is a major commercial litigation funder that has expanded into consumer-facing pre-settlement funding. Directly comparable to 123 Lump Sum's pre-settlement funding product, though at much larger institutional scale.
• Seneca One Finance: Seneca One Finance has expanded into structured settlement purchasing alongside factoring and lending products. Overlaps with 123 Lump Sum's core offering while operating a broader specialty finance portfolio, making it a partially overlapping competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/123lumpsum
• YouTubeyoutube.com/@123lumpsum
• Facebookfacebook.com/Lumpsum123
• LinkedInlinkedin.com/company/123-lumpsum

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

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 123lumpsum