Confido, an embedded financial infrastructure platform purpose-built for law firms and legal technology, recently announced it has raised $9 million in financing over two rounds, the latest of which was led by Aquiline Capital Partners. Exbo Group performed financial due diligence as part of this investment, performing a proof of cash, assessing the quality of revenue, analyzing margins, and executing a finops assessment. Exbo Group will also be staying on post-close to conduct ongoing finance and controllership work.

Confido has designed their platform around bar rules and trust accounting requirements, enabling compliant money movement without forcing firms or LegalTech providers to adapt generic financial tools. The new funding will help Confido to further strengthen its payments and disbursements infrastructure while expanding into additional embedded financial products designed for LegalTech providers and the law firms they serve.

Dante La Ruffa, Partner and Head of Aquiline’s Venture & Growth Strategy, said, “Confido makes it easier for law firms and LegalTech platforms to get paid and pay out funds by building compliant, modern payments and payouts directly into the systems they already use. As investors at the intersection of financial services and LegalTech, Aquiline is excited to support Emery and his team as they continue to build the preeminent financial platform for the legal market.”