Sparkle Capital Announces New Funding Product, Flexible Disbursement Funding

Sparkle Capital are pleased to announce their new funding product, Flexible Disbursement Funding. The product fills a gap in the funding market, providing the flexibility claimants need to cover a range of disbursements. The product will join their current range, alongside 1&20 and Fixed Interest Release Funding.

Flexible Disbursement Funding (FDF) is Sparkle Capital’s latest funding product, which is designed to provide specific disbursement funding at fixed rates of interest. It is aimed at funding disbursements such as counsel fees, court / hearing fees and reports. However, due to the flexibility of the product, it can be tailored to any specific funding requirement that may arise.

Sparkle Capital provide a range of funding solutions for claimants. They can fund up to £10 million in claims value, however, focus on the sub £5 million claims. Sparkle Capital have few of the restrictions and limitations that most funders have. For more information, please see http://www.sparklecapital.co.uk/.

Tets Ishikawa, Acasta Director and Senior Adviser at Sparkle Capital, says:

“As a privately owned and funded company, Sparkle Capital is able to act without the restrictions and limitations that many other funders face. Throughout 2018, we saw a significant increase in the number of requests to fund specific risks at competitive rates – a cry from the market for a dedicated product.

The litigation funding market is moving away from finding risks that fit the product requirements of the funder, and moving towards a model where funding products can be tailored to the requirements of any given legal matter. Flexible Disbursement Funding embraces this evolution and is making litigation funding more accessible to the cases that require it the most. “

Paul Gibson, Head of Legal at Acasta, added:

“Acasta and Sparkle have always taken a sensible and pragmatic approach to underwriting cases – an approach that strikes a real chord with law firms. FDF is a reflection of this – a product designed to understand what the real risks and needs are in a particular legal matter, and marry those with our competitive pricing and our ability to design and tailor innovative funding solutions. As a practising solicitor for many years, I believe this is the only way the market can evolve further.”

Sparkle Capital is administered by Acasta Europe Limited, a provider of legal expenses insurance. Acasta provide After the Event products for a range of claims, including commercial, insolvency and clinical negligence cases.  For more information, please see https://www.acastaeurope.co.uk/.

If you are interested in Flexible Disbursement Funding, or any of Sparkle Capital’s other products, you can contact info@sparklecapital.co.uk, where one of our team will be able to help.

For further press enquiries, please contact Ellie Bower or Elizabeth Cawley on  marketing@acastaeurope.co.uk or 0161 495 6004.

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