Y Combinator is accelerating non-profit tech startup Upsolve, to construct "a unified and environment friendly software program product to permit customers quick access to the chapter system," in line with TechCrunch. Since its founding in 2016, Upsolve has processed $16 million in bankruptcies, representing 400 individuals, in line with the report. It additionally recognized debt issues for five,000 customers.
Customers reply a collection of questions on their monetary scenario, then Upsolve auto-fills types to be reviewed by an legal professional related to the agency, totally free. The software program is accessible in 47 states, together with New York and Illinois, and operates like GoFundMe, the place customers donate for the service. The service has additionally seen funding from authorized assist funds, together with the Authorized Providers Company.
In contrast to most situations of legaltech and wealthtech, there does not appear to be a battle with the human facet of the equation. "Most attorneys don’t need to deal with these instances within the first place, as a result of they don't seem to be worthwhile and customarily have to be dealt with professional bono," in line with the report.
The agency, led by CEO and co-founder Rohan Pavuluri, has additionally seen funding from Harvard College, Eric Schmidt's Schmidt Futures and non-profit Robin Hood Basis.