LegalPay Launches India's first Pay-later Product for Legal Expenses

Current Context: A third-party litigation funder and interim financier, LegalPay has launched LegalPay Max. The latter is a pay-later platform that helps to pay for legal services in terms of installments.

• With increase in online payments , legal professionals that offer flexible payment options can get paid faster, hence increase clients. LegalPay Max is the next generation of payment which is developed in response to the growing demand for free financing solutions for the legal industry.
• Legal professionals can provide their clients with no extra cost with this app. Kundan Shahi is the Founder of LegalPay.
• Legal professionals can avail of a credit line of up to Rs 50 lakh for all types of legal and professional expenses such as transaction, regulatory, advisory, arbitration. It can also be spread over a tenure of up to six months. The option will be available to businesses looking for more payment flexibility.
• Legal professionals will receive 100% of their payment. In case of businesses, they will have to utilize the buy now, pay later option. Businesses and startups who have recently started will be benefited from this offering as it covers financing of all different legal payment areas.
• LegalPay has already partnered up with several Non banking financial institutions to provide legal financial options.

Question:

Q.1 LegalPay launches India's first pay-later product for legal expenses. What is the name of the product?
a. Legalpay Pro
b. Legalpay Max

c. Pay legal
d. Pay pro legal