startups And Financing
Today, we're delving into QuickLegal, an end-to-end AI-powered platform revolutionizing the debt recovery process. Backed by prominent entities like EIT Digital and Bravva Angels, QuickLegal has been recognized as the Best Legal Tech Platform in Romania in 2024 and ranks among the top 3 EU startups funded by EIT Digital within the Open Innovation Factory Program.
QuickLegal simplifies and automates the debt recovery process from invoice extraction and legal notices to court claims, ensuring efficiency and compliance.
The QuickLegal team is spearheaded by CEO Iulia Andritoiu, a lawyer with more than ten years of experience, a background at UiPath, and education in the US. Joining her is CMO Bianca Florea, a lawyer qualified in France and Romania with experience at top law firms and Government, and academic credentials from Sciences Po and Sorbonne. COO Luminita Busuricu brings her expertise as a litigation expert to oversee operations, while CTO Cristian Talle, a serial tech entrepreneur with over 20 years in the industry, leads technological development. Together, this team combines deep legal and tech expertise to drive QuickLegal's mission forward.
1. What inspired the creation of QuickLegal, and how do your diverse backgrounds support its mission?
QuickLegal was born to solve a real problem: 9 in 10 companies are paid late, and 73% find debt recovery too expensive. Businesses, especially small ones, struggle to claim what they’re owed.
Our founders come from law, tech, and business, with experience in major law firms, top universities, leading corporations, and successful startups. They understand both the legal challenges and the need for scalable, efficient solutions.
Supported by advisors on business matters, we’ve built QuickLegal to be more than a legal tool, it’s a way for businesses to protect their cash flow and stay in control.
2. Can you describe the core technologies powering QuickLegal’s platform? How do they integrate to provide a seamless debt recovery process?
QuickLegal automates the entire process of the collection - from the first notice to the court claim.
Using AI, it extracts data from invoices, contracts, and unstructured documents, allowing companies to create customized automated collection workflows. Businesses can streamline their recovery efforts while ensuring compliance and increasing success rates through lawyer support (over 160 lawyers available to assist).
The platform also includes advanced analytics, in-mailing features, a legal and translation marketplace, a virtual office for lawyers with a unique matchmaking algorithm, and a legal chatbot that provides instant legal answers to basic questions.
3. What impact does QuickLegal have on its clients’ operations and efficiency?
QuickLegal helps businesses recover debts quickly and cost-effectively. Our customers reported an 80% increase in their recovery rates within the first weeks of using QuickLegal platform, successfully reclaiming unpaid invoices with minimum effort. Our platform protects business relationships by offering a professional, non-aggressive approach. Clients can settle disputes while maintaining trust. By automating legal processes, we reduce administrative costs and time spent on manual tasks.
Moreover, as an integrated legal platform, QuickLegal provides seamless access to 160+ lawyers, legal translations, and other legal services. This means businesses operate more efficiently, with faster resolutions, lower costs, and 24/7 legal support.
4. How have partnerships with entities like EIT Digital, Station F, and Vodafone propelled QuickLegal's growth and market penetration?
Our strong network of partners is key to our expansion, helping us reach more clients and explore new business opportunities.
For example, both Vodafone and EIT Digital support us in developing our innovative product with technology and financial resources but also contribute to our growth by providing connections that help us scale faster and more efficiently.
In addition to that, Station F has been critical for our international scaling. With France facing similar debt recovery challenges as Romania, it’s the ideal market for us to enter. The Station F ecosystem provides access to all the resources we need to scale effectively.
We already have a large network of partners, and we’re focused on developing more strategic partnerships to continue driving our business growth.
5. What have been the biggest challenges in developing and scaling QuickLegal’s technology? How does QuickLegal handle regulatory and compliance challenges across different jurisdictions?
One of the main challenges has been the low level of digitalization among Romanian companies, especially as we’re developing a highly innovative product. Overcoming this gap required significant effort in educating the market and building trust.
In terms of regulatory challenges, we place a great emphasis on compliance with standards such as those regulating the legal profession, AI Act, and GDPR, leveraging our legal background to ensure everything is fully aligned. We prioritize expanding first into jurisdictions with similar regulatory landscapes such as France, allowing us to scale more effectively and avoid complications.
6. Could you share a case study or success story where QuickLegal significantly impacted a client's debt recovery process?
One of our success stories comes from a client in the transportation industry who was facing invoice delays of 3 to 6 months. After using our debt collection automation, they managed to recover 80% of their outstanding invoices within just two weeks. This rapid recovery was a game-changer for their cash flow and helped them get back on track quickly.
7. What are the future goals for QuickLegal, and how do you plan to achieve them? With the current fundraising round on SeedBlink, how do you intend to utilize the funds to drive growth and innovation?
In the next 12 months, our goals are to generate €130K in revenue, acquire at least 220 new customers, and secure more than 10 key partnerships. We also plan to scale to France in the second half of the year and launch new features by the end of 2025, while preparing to raise our next round of funding in early 2026.
The funds raised through SeedBlink will be used for growth and expansion, including scaling our solution to the French market.
8. For potential investors on SeedBlink, what makes QuickLegal a compelling investment opportunity right now?
QuickLegal is positioned at the intersection of two major trends: the growing global B2B payments market, expected to reach $63T by 2026, and the increasing regulatory push for digitalization in financial and legal processes. With key partners like Vodafone, EIT Digital, BCR, and Station F in Paris, we’re rapidly scaling and building a strong foundation for long-term growth.
Our track record speaks for itself: we’ve been recognized as the Best Legal Tech Platform in Romania for 2024, have been selected to participate and exhibit in high-profile events like StartUp Grind in Silicon Valley, and were a top 10 finalist for the World Pitch Contest at B2B Rocks in Paris.
With 182.4% year-over-year revenue growth and 60 new users per month, QuickLegal has shown impressive traction. We believe it offers a unique opportunity for investors to be part of an innovative company that is well-positioned to grow rapidly in a fast-evolving market.
Explore the QuickLegal opportunity on SeedBlink.
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