Libra Solutions Company Profile

Background

Libra Solutions, formerly known as Oasis Financial, is a financial services company specializing in personal injury and inheritance funding solutions. Established in 2003, the company rebranded to Libra Solutions in February 2022 to reflect its expanded service offerings beyond pre-settlement funding. With over 20 years of experience, Libra Solutions has developed a comprehensive platform that integrates financial support and technology to streamline legal processes for plaintiffs, heirs, law firms, and medical providers.

Key Strategic Focus

Libra Solutions' strategic focus encompasses:

• Core Objectives: To expedite and simplify the litigation process, ensuring equitable outcomes for all parties involved.

• Areas of Specialization:

• Plaintiff Funding: Providing financial assistance to individuals awaiting settlement in personal injury cases.

• Inheritance Funding: Offering heirs access to estate funds during probate proceedings.

• Medical Lien Management: Streamlining the management of medical liens associated with personal injury cases.

• Key Technologies Utilized:

• MoveDocs Platform: A technology platform that integrates and streamlines medical, financial, and professional services for personal injury cases.

• Primary Markets Targeted:

• Personal Injury Plaintiffs: Individuals seeking financial support during legal proceedings.

• Heirs: Individuals awaiting inheritance distribution through probate.

• Law Firms and Medical Providers: Professionals requiring efficient management of liens and funding processes.

Financials and Funding

Libra Solutions has demonstrated significant growth through strategic acquisitions and funding:

• Total Funds Raised: Specific figures are not publicly disclosed.

• Recent Funding Rounds:

• 2021: Acquired Probate Advance, the largest provider of inheritance funding.

• 2021: Merged with MoveDocs, a provider of medical lien management technology.

• Notable Investors: Investor details are not publicly disclosed.

• Utilization of Capital: The capital has been utilized to expand service offerings, integrate technology solutions, and enhance operational efficiency.

Pipeline Development

Libra Solutions' pipeline includes:

• Key Pipeline Candidates:

• MoveDocs Platform: A comprehensive solution for managing medical liens in personal injury cases.

• Inheritance Funding Services: Financial solutions for heirs during probate.

• Stages of Development:

• MoveDocs Platform: Fully developed and operational.

• Inheritance Funding Services: Integrated into Libra Solutions' offerings post-acquisition.

• Target Conditions:

• Personal Injury Cases: Providing funding and lien management.

• Probate Proceedings: Offering inheritance funding solutions.

• Anticipated Milestones:

• MoveDocs Platform: Ongoing enhancements to improve user experience and functionality.

• Inheritance Funding Services: Expansion of service reach and client base.

Technological Platform and Innovation

Libra Solutions distinguishes itself through:

• Proprietary Technologies:

• MoveDocs Platform: An integrated solution for managing medical liens and related services in personal injury cases.

• Significant Scientific Methods:

• Data Analytics: Utilized to optimize funding processes and lien management.

• Machine Learning Algorithms: Employed to predict case outcomes and funding needs.

Leadership Team

Libra Solutions' leadership comprises:

• Matt Milim: Chief Executive Officer. Former CEO of Probate Advance, with over 20 years in investment banking and portfolio management.

• Brian Call: President. Over 25 years of experience in finance and banking, specializing in strategy and innovation.

• Shiven Shah: Chief Financial Officer. CFO of OppFi, Inc., with over 20 years in finance leadership across various firms.

• Krista Meardon: Chief Operations Officer. Former President and COO of The Trio Solution, with over 20 years in healthcare management.

• Phil Greenberg: Chief Legal Officer & EVP Corporate Development. Manages regulatory affairs and product offerings, leveraging industry and state law expertise.

• Ryan Kelly: Chief Revenue Officer. Over 20 years in revenue, service delivery, and product development, with expertise in tech-enabled solutions for healthcare revenue cycle management.

• Tracey Grose: Chief Product Officer. Over 30 years in operations and strategic management, overseeing complex operations and implementing strategic initiatives.

• Dave Corken: EVP Operations. Over 20 years in financial technology, emphasizing customer service and operations.

• Patrick Funck: Chief Technology Officer. 30 years in healthcare, including managed care, claims administration, and financial management.

• Katrina Sevier: Chief Human Resources Officer. Seasoned HR executive focusing on growth and transformation, building scalable people strategies.

Market Insights and Dynamics

• Market Size: The personal injury market was valued at $57.3 billion in 2023.

• Growth Potential: The market continues to expand, driven by increasing personal injury cases and the need for efficient legal and financial solutions.

Competitor Analysis

• Key Competitors:

• High Rise Financial: Provides pre-settlement funding and related services.

• USClaims: Offers legal funding solutions for plaintiffs.

• Rockpoint Legal: Specializes in legal funding and related services.

• Competitive Landscape: Libra Solutions differentiates itself through its integrated technology platform, comprehensive service offerings, and extensive network of law firms and medical providers.

Strategic Collaborations and Partnerships

• MoveDocs: Acquired in 2021, enhancing Libra Solutions' medical lien management capabilities.

• Probate Advance: Acquired in 2021, expanding inheritance funding services.

Operational Insights

Libra Solutions maintains a competitive edge through:

• Integrated Technology: The MoveDocs platform streamlines medical lien management, reducing administrative burdens.

• Comprehensive Services: Offering a full suite of funding solutions for plaintiffs, heirs, law firms, and medical providers.

• Extensive Network: Serving over 75,000 law firms and more than 9,000 medical provider locations nationwide.

Strategic Opportunities and Future Directions

Libra Solutions is well-positioned to:

• Expand Service Offerings: Integrate additional financial products and services to meet evolving client needs.

• Enhance Technological Capabilities: Invest in AI and machine learning to further optimize funding processes and case outcomes.

• Strengthen Market Position: Leverage strategic partnerships and acquisitions to broaden market reach and service capabilities.

Contact Information

• Website: www.librasolutionsgroup.com

• LinkedIn: Libra Solutions