Seahold

What Seahold does

Seahold is a Canadian settlement loan provider founded in 2000 and headquartered in Moncton, New Brunswick, operating as a subsidiary of Easy Legal Finance Inc. since April 2020. The company offers non-recourse financing to personal injury plaintiffs awaiting legal settlement — covering slip and fall, motor vehicle accident, and short- and long-term disability claims — through two core products: Lump-Sum Loans and Facility Loans (a line-of-credit structure), both priced at 28.8% per year compounded monthly with no credit check, collateral, monthly payments, or repayment obligation until the case settles. Plaintiffs apply directly via the website or by phone (1-888-285-7333), with decisions typically rendered within two business days.

For law firm clients, Seahold provides three additional products: File Financing™ (up to 50% of contingency fees on unsettled cases, one-year terms, $100K–$2M facilities), Disbursement Financing / Assessment Financing (lines of credit from $100K minimum, three-year terms, including access to Independent Medical Expert reports through a network of medical assessment firms), and Settled Case Fast Track™ Loans (up to 80% of contingency fees on settled files, delivered in as little as 48 hours). The platform uses DocuSign for electronic signature on core loan documents and a web-based application system to streamline onboarding for both plaintiffs and lawyers.

Revenue is generated entirely through interest on these transaction-based facilities; there are no application fees, administrative fees, or hidden charges, and loans are non-recourse so that if a case is lost, no repayment is required. Seahold operates in Ontario, British Columbia, Alberta, and the Atlantic provinces, distributing through direct-to-consumer acquisition, organic search, content marketing on insurance and safety topics, and a lawyer/law firm referral channel. Marketing is supported by an A+ BBB accreditation and brand presence across Facebook, LinkedIn, and Twitter. The company is led by Larry Herscu, who serves as President of Seahold and as President and CEO of the parent Easy Legal Group of Companies.

Name

Seahold

Legal name

Seahold Financing, Inc.

Website

https://seahold.ca

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Seahold is a Canadian litigation finance company offering non-recourse settlement loans to personal injury plaintiffs and cash-flow financing products to personal injury law firms across Ontario, British Columbia, Alberta, and Atlantic Canada, operating under Easy Legal Finance Inc.

Ownership category

akta.pro rank

Product category

Litigation Finance / Settlement Lending

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Legal Collections & Litigation Support (Judgments, Garnishments) (FSAKAJAD)

Keywords

• Settlement lending
• Litigation finance
• Pre-settlement loans
• Personal injury loans
• Law firm financing

Headquarters

HQ city

Moncton

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Settlement Loan Interest: Seahold charges 28.8% per year, compounded monthly, on settlement loans. Interest accrues during the litigation period with no payments required until the case settles or an award is received. This is the primary revenue stream from plaintiff clients.
2. File Financing Interest: Law firm financing product with one-year term, no interest payments required during term (may be extended with annual interest payment). Minimum six months interest. Revenue generated through interest on extended facilities.
3. Disbursement Financing: Lines of credit for law firm disbursements with three-year term. Interest accrues from date of draw. No payment of principal or interest until file settles.
4. Settled Case Fast Track: Provides up to 80% of contingency fees on settled files with one-year term. Interest-based financing bridging settled cases to fee receipt.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Seahold provides non-recourse pre-settlement and post-settlement loans to personal injury plaintiffs who cannot work while awaiting their legal settlement, offered as lump-sum or line-of-credit facility structures at 28.8% annual interest. For personal injury law firms, it offers File Financing (up to 50% of contingency fees), Disbursement and Assessment Financing, and Settled Case Fast Track loans (up to 80% of contingency fees on settled files) to manage firm cash flow.

Product overview

Seahold is a Canadian settlement loan provider offering a unified portfolio of plaintiff financing products and lawyer-facing financial solutions. The core client products are the Lump-Sum Loan and Facility Loan (a line-of-credit option), both designed for personal injury plaintiffs awaiting settlement. For law firms, Seahold offers three distinct products: File Financing™ for managing disbursements on unsettled cases, Assessment Financing and Disbursement Refinancing as components of a disbursement line of credit, and the Settled Case Fast Track™ Loan for converting settled contingency fees into immediate capital. An online loan calculator is available as an auxiliary tool. Interest rates are stated as 28.8% per year compounded monthly with no upfront interest required.

Differentiator

Problem solved

Functional benefit

Brands

• File Financing: Financing solution designed to free up cash flow for law firms to finance new disbursements or reimburse existing ones
• Disbursement Financing
• Settled Case Fast Track
• Assessment Financing

Products and services

• Lump-Sum Settlement Loan Non-recourse pre-settlement loan for personal injury plaintiffs that delivers the approved amount in a single lump-sum payment, with no minimum loan amount, no credit check, no collateral, and no monthly payments; repayment plus 28.8% annual interest (compounded monthly) is due only when the case settles.
• Facility Loan (Line-of-Credit Settlement Loan) Non-recourse settlement loan structured as a line of credit for personal injury plaintiffs; interest accrues only on the amount actually advanced and clients can withdraw funds as needed, with optional monthly budgeting schedules and the same 28.8% annual rate, compounded monthly.
• File Financing Financing product for personal injury law firms that frees up cash flow by financing new case disbursements or reimbursing already-incurred disbursements on a file-by-file basis, providing up to 50% of the contingency fee on unsettled claims (typically $100,000 to $2 million) on a one-year term with no interest payments required during the term.
• Disbursement Financing (Line of Credit) Three-year line of credit for personal injury law firms with a minimum of $100,000 that funds case disbursements and assessments; interest accrues from the date of draw with no principal or interest payments required until the underlying file settles, and extensions are negotiable.
• Assessment Financing Specialized disbursement financing that gives law firms access to Independent Medical Expert reports across Canada with no payments required until the case settles, and no interest charged if the file settles within 24 months.
• Disbursement Refinancing Refinancing facility that repays personal injury law firms for expenses already incurred on active files, such as paid assessments or clinical notes, providing immediate cash to grow the firm and take on additional cases.
• Settled Case Fast Track Loan Loan product for personal injury law firms that bridges the financial gap between settled cases and receipt of pending contingency fees, providing up to 80% of contingency fees on settled files in as little as 48 hours on a one-year term that may be extended with annual interest payments.

Quantifiable outcome

• Decision typically made within 2 business days of completed application
• +2 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Partnerships

One partnership is on record.

• Medical Assessment Firms NetworkcoreStrategic or Co-development PartnerSeahold has established an extensive network of medical assessment companies across Canada to provide timely access to Independent Medical Expert reports. Partners include specialists in accidental benefits, employer assessments, forensics, functional evaluations, and vocational assessments. These partnerships enable law firm clients to access expert evidence needed to build personal injury cases.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Oasis Financial: Major U.S. plaintiff settlement funding company offering pre-settlement loans to personal injury consumers. Provides a relevant cross-border comparison point for unit economics, marketing strategy, and regulatory exposure in consumer litigation finance.
• RD Legal Funding: U.S.-based litigation finance company providing pre-settlement loans, post-settlement funding, and law firm financing. Operates an integrated plaintiff/lawyer product set similar to Seahold's, though primarily in commercial and mass tort contexts.
• Omni Bridgeway: Global litigation funder (formerly IMF Bentham) listed in Australia and the Netherlands. Funds commercial disputes and arbitration worldwide and represents the incumbent, scaled alternative to niche consumer-oriented funders like Seahold.
• Burford Capital: Largest publicly traded commercial litigation funder (LON: BUR), providing capital for commercial claims, judgment enforcement, and legal portfolio acquisitions. While focused on commercial rather than consumer personal injury, it is the most prominent litigation finance peer globally.
• Counsel Financial: U.S.-based specialty finance company providing lines of credit and term loans to plaintiff law firms. Comparable on the law firm financing side of Seahold's product suite, particularly File Financing and Disbursement Refinancing.

Direct peers

• LawCash: Canadian-founded pre-settlement funding company serving personal injury plaintiffs. Directly comparable on product (lump-sum and line-of-credit settlement advances) and customer segment, though with a U.S. operational footprint.
• Rhino Legal Finance Inc. Edmonton-based settlement lender established in 2003 and acquired by Easy Legal Finance Inc. in April 2018. Offers nearly identical personal injury settlement lending products to Seahold and now sits under the same parent, making it the closest functional and corporate peer.
• Settlement Lenders Inc. Edmonton-based settlement lending company acquired by Easy Legal Finance Inc. in January 2021. Pioneered settlement lending for personal injury claims in Canada and offers directly overlapping products to plaintiffs and law firms.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/IncSeahold
• Facebookfacebook.com/seaholdinvestments
• LinkedInlinkedin.com/company/seahold-legal-finance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Seahold