How Raistone helped Kodak Law achieve 20X growth through working capital solutions
Kodak Law must pay court costs and other expenses related to collection litigation on behalf of their clients. These costs are paid by clients, but they must be advanced and invoiced. Thomas Michael, Managing Member at Kodak Law, saw that as the firm’s volume of work increased, so did the working capital requirement.
“By leveraging the financial support from Raistone, we were able to grow the size of our firm by 20x over the last 3-4 years,” said Michael.
Raistone helped Kodak Law leverage the value of their receivables and significantly reduce the amount of working capital they required on hand.
“The Raistone team always rose to meet the challenge. We asked them to help us create a unique process that worked for everyone – including our Fortune 500 clients, and they worked tirelessly to get it done,” shared Michael.
Kodak Law was able to use an Accounts Receivable program from Raistone to quickly and easily address their working capital needs. Because our services carry no commitment, Kodak Law successfully concluded its relationship with Raistone due to the growth they experienced from our solutions.
Key benefits of working with Raistone:
Non-debt working capital: Our solution was not debt to Kodak Law. It simply accelerates payment on an asset, which coexists and complements other early pay or lending facilities.
A world-leading fintech: Raistone is owned by a full-service broker dealer, a $30 billion family office, a $900 billion wealth manager, and an international bank.
Billions of dollars in financial transactions enabled by Raistone every year, with facility sizes ranging from $50K to $500M.
Flexible options. Raistone solutions are optional to use and carry no commitment. Businesses can choose to accelerate none, one or all of their invoices.