AxiaFunder

AxiaFunder, a UK-based litigation funding platform launched in 2016, operates under the trading name of Champerty Ltd. Incorporated in London, it is authorised and regulated by the Financial Conduct Authority (FCA). The platform connects investors with vetted commercial litigation investment opportunities across the UK.

AxiaFunder’s investment opportunities are open to certified high-net-worth individuals in the UK, self-certified sophisticated investors, and professional investors. To qualify as a self-certified sophisticated investor, individuals must meet at least one of the following requirements: membership in a business angel network, investments in unlisted companies, experience in private equity, SME finance, or as a director of a £1M+ annual turnover company.^[1]

Since its launch, AxiaFunder has raised over £27.5 million. In the past 12 months, the platform facilitated £9.04 million in investments, averaging £0.75 million monthly.^[2]

• AxiaFunder links accredited investors to vetted UK commercial litigation opportunities and is authorized by the FCA.
• Historical returns show wide dispersion, with total losses on failed cases and outsized gains on successful resolutions.
• The investments offered are Housing Dispair litigation claims, Diesel Emission claims, and Commercial Claims starting at £1,000 per case.
• AxiaFunder offers investments between £50,000 and £500,000, with terms of 9 to 24 months.
• The platform charges upfront fees of 7% to 10% and takes a 20% cut of successful case returns.

AxiaFunder offers litigation funding, where third parties finance legal cases in exchange for a share of the proceeds if the case succeeds through settlement or trial. The platform’s funding ranges from £50,000 to £500,000, with investment durations between 9 to 24 months.^[3]

Investors can start at a minimum of £1,000 per case. Investments are structured as bonds or equity via a Special Purpose Vehicle (SPV) for the case. Returns are calculated from 2 weeks after the investment offer closing date and paid with the capital upon the case’s successful conclusion.^[4] The type investments offered are Housing Dispair litigation claims, Diesel Emission claims, and Commercial Claims in the United Kingdom.

Investing in litigation funding carries risks, including total loss, legal uncertainty, and potential liability for opponent costs. AxiaFunder reduces these risks through SPV investments, careful case selection, and reputable insurers. The platform offers a secondary market for lenders to exit investments early, but does not provide an auto-invest feature to queue new investment opportunities. Returns may be subject to income tax, capital gains tax, or both, depending on the tax rate. Investors are responsible for paying any applicable taxes.

AxiaFunder publishes performance statistics segmented by law firm and claim type, primarily based on its commercial litigation portfolio. According to platform-reported data, resolved commercial litigation investments have produced internal rates of return (IRRs) ranging from -100% to 224%, highlighting the binary and highly dispersed nature of outcomes in litigation funding.

Of 17 resolved commercial claims, 10 were successful and 4 resulted in losses, implying a reported success rate of approximately 70%, with the remaining cases reflecting partial or mixed outcomes. The platform reports an average IRR of around 27% for resolved commercial claims, while excluding higher-risk offers lowers reported returns materially. However, AxiaFunder does not disclose the total amount of capital returned to investors, limiting independent assessment of aggregate portfolio performance and downside severity.

Investors should note that individual case outcomes can materially deviate from averages, and losses are typically total losses of invested capital. As a result, realised returns are highly sensitive to diversification and case selection.

AxiaFunder charges upfront fees of 7% to 10% of the invested amount, with higher fees applied to smaller issuances. In addition, the platform retains 20% of net proceeds on successful cases. These fees are deducted at the SPV level and materially increase the breakeven threshold for investors. AxiaFunder’s revenue model is therefore directly linked to both transaction volume and the successful resolution of funded cases.^[5]

AxiaFunder is managed by its founders, Cormac Leech, CEO, and Rabin Tambyraja, co-founder & part-time business developer. Cormac has spent nearly a decade in alternative finance, where he played a key role in raising over $2 billion for direct lending funds as a founder of Liberum Alternative Finance, incubated several fintech startups, and served as a senior consultant to private equity firms such as VPC after working in strategy consulting at McKinsey. Rabin has two decades of experience across investment banking, project finance, equity research, and fund management, having managed portfolios worth hundreds of millions for major hedge funds, including UBS and Bluecrest Capital. Supporting them is an experienced team, including Michael Lent, who leads case origination and assessment, Sophie Xuemei Liu, the COO and former co-founder and CMO of Xanadu, an internet startup focused on Chinese outbound travel, among four investment analysts.

AxiaFunder is a trading name of Champerty Ltd, a London-based company. It has around 200 shareholders, with the largest being COO Sophie Xuemei Liu. Cormac Leech also holds a significant stake, and both are listed as persons with significant control.^[6]

AxiaFunder’s financial history reflects a prolonged period of operating losses followed by early signs of balance sheet stabilisation. Between FY21 and FY22, liquidity weakened materially, with cash reserves declining from £616,542 to £405,692 and net assets falling from £620,929 to £418,663. Conditions improved in FY23 as cash increased to £512,874 and net assets recovered to £524,480, although accumulated losses continued to deepen.^[7]

In FY24, the balance sheet strengthened further. Cash at bank rose to £666,746, while net assets increased to £650,895. Accumulated losses narrowed from £1.38 million to £1.25 million, marking the first meaningful reduction in cumulative deficits since FY21. This improvement suggests progress toward financial sustainability, but does not yet establish a durable profitability trend.^[8]

AxiaFunder has raised a total of £1,357,200 through successive campaigns on the Republic Europe platform (formerly Seedrs) between March 2020 and June 2022. In its most recent campaign in June 2022, the company secured £762,630 in exchange for an 11.81% equity stake. Across all campaigns, 594 investors have participated.^[9]

A key operational risk emerged following the collapse of law firm McDSL, which resulted in approximately £520,000 in investor losses due to insufficient legal protections on certain claims. AxiaFunder has committed to covering these losses, reducing immediate investor impact but highlighting the platform’s exposure to counterparty risk and legal structuring failures. Management has stated that underwriting standards, legal safeguards, and law firm monitoring processes have since been strengthened.^[10]

AxiaFunder was awarded Highly Commended for Innovative Lenders (Sub $1 billion) at the 2024 Alternative Credit Investor Awards and named Innovative Lender of the Year at the 2023 P2P Finance Awards for the second year in a row. The platform was recognized for offering direct access to litigation investments, launching the first secondary market for litigation investments, and using a tax-efficient limited partnership structure. Its litigation portfolio product, featuring independent small claims, was also noted for improved diversification and risk-reward.^{[11] [12]}

1. AxiaFunder: “FAQ - Which categories of investor can access AxiaFunder’s investment opportunities?”
2. P2PMarketData: “AxiaFunder Statistics”
3. AxiaFunder: “Past Investments”
4. AxiaFunder: “FAQ - When will I start earning a return on my investment?”
5. AxiaFunder: “FAQ - How are AxiaFunder’s fees calculated?”
6. Gov UK, Company House: “Champerty Limited - Filing history - Confirmation statement”
7. Gov UK, Company House: “Champerty Limited - Filing history - Unaudited abridged accounts 2023”
8. Gov UK, Company House: “Champerty Limited - Filing history - Unaudited abridged accounts 2024”
9. Republic Europe: “AxiaFunder - About”
10. 4th Way: “AxiaFunder To Cover £500,000 In Losses”
11. AxiaFunder: “Blog - AxiaFunder Wins Innovative Lender of The Year Award”
12. AxiaFunder: “Blog - Highly Commended Innovative Lenders Award”

AxiaFunder, a UK-based litigation funding platform launched in 2016, operates under the trading name of Champerty Ltd. Incorporated in London, it is authorised and regulated by the Financial Conduct Authority (FCA). The platform connects investors with vetted commercial litigation investment opportunities across the UK.

AxiaFunder’s investment opportunities are open to certified high-net-worth individuals in the UK, self-certified sophisticated investors, and professional investors. To qualify as a self-certified sophisticated investor, individuals must meet at least one of the following requirements: membership in a business angel network, investments in unlisted companies, experience in private equity, SME finance, or as a director of a £1M+ annual turnover company.^[1]

Since its launch, AxiaFunder has raised over £27.5 million. In the past 12 months, the platform facilitated £9.04 million in investments, averaging £0.75 million monthly.^[2]

• AxiaFunder links accredited investors to vetted UK commercial litigation opportunities and is authorized by the FCA.
• Historical returns show wide dispersion, with total losses on failed cases and outsized gains on successful resolutions.
• The investments offered are Housing Dispair litigation claims, Diesel Emission claims, and Commercial Claims starting at £1,000 per case.
• AxiaFunder offers investments between £50,000 and £500,000, with terms of 9 to 24 months.
• The platform charges upfront fees of 7% to 10% and takes a 20% cut of successful case returns.

AxiaFunder offers litigation funding, where third parties finance legal cases in exchange for a share of the proceeds if the case succeeds through settlement or trial. The platform’s funding ranges from £50,000 to £500,000, with investment durations between 9 to 24 months.^[3]

Investors can start at a minimum of £1,000 per case. Investments are structured as bonds or equity via a Special Purpose Vehicle (SPV) for the case. Returns are calculated from 2 weeks after the investment offer closing date and paid with the capital upon the case’s successful conclusion.^[4] The type investments offered are Housing Dispair litigation claims, Diesel Emission claims, and Commercial Claims in the United Kingdom.

Investing in litigation funding carries risks, including total loss, legal uncertainty, and potential liability for opponent costs. AxiaFunder reduces these risks through SPV investments, careful case selection, and reputable insurers. The platform offers a secondary market for lenders to exit investments early, but does not provide an auto-invest feature to queue new investment opportunities. Returns may be subject to income tax, capital gains tax, or both, depending on the tax rate. Investors are responsible for paying any applicable taxes.

AxiaFunder publishes performance statistics segmented by law firm and claim type, primarily based on its commercial litigation portfolio. According to platform-reported data, resolved commercial litigation investments have produced internal rates of return (IRRs) ranging from -100% to 224%, highlighting the binary and highly dispersed nature of outcomes in litigation funding.

Of 17 resolved commercial claims, 10 were successful and 4 resulted in losses, implying a reported success rate of approximately 70%, with the remaining cases reflecting partial or mixed outcomes. The platform reports an average IRR of around 27% for resolved commercial claims, while excluding higher-risk offers lowers reported returns materially. However, AxiaFunder does not disclose the total amount of capital returned to investors, limiting independent assessment of aggregate portfolio performance and downside severity.

Investors should note that individual case outcomes can materially deviate from averages, and losses are typically total losses of invested capital. As a result, realised returns are highly sensitive to diversification and case selection.

AxiaFunder charges upfront fees of 7% to 10% of the invested amount, with higher fees applied to smaller issuances. In addition, the platform retains 20% of net proceeds on successful cases. These fees are deducted at the SPV level and materially increase the breakeven threshold for investors. AxiaFunder’s revenue model is therefore directly linked to both transaction volume and the successful resolution of funded cases.^[5]

AxiaFunder is managed by its founders, Cormac Leech, CEO, and Rabin Tambyraja, co-founder & part-time business developer. Cormac has spent nearly a decade in alternative finance, where he played a key role in raising over $2 billion for direct lending funds as a founder of Liberum Alternative Finance, incubated several fintech startups, and served as a senior consultant to private equity firms such as VPC after working in strategy consulting at McKinsey. Rabin has two decades of experience across investment banking, project finance, equity research, and fund management, having managed portfolios worth hundreds of millions for major hedge funds, including UBS and Bluecrest Capital. Supporting them is an experienced team, including Michael Lent, who leads case origination and assessment, Sophie Xuemei Liu, the COO and former co-founder and CMO of Xanadu, an internet startup focused on Chinese outbound travel, among four investment analysts.

AxiaFunder is a trading name of Champerty Ltd, a London-based company. It has around 200 shareholders, with the largest being COO Sophie Xuemei Liu. Cormac Leech also holds a significant stake, and both are listed as persons with significant control.^[6]

AxiaFunder’s financial history reflects a prolonged period of operating losses followed by early signs of balance sheet stabilisation. Between FY21 and FY22, liquidity weakened materially, with cash reserves declining from £616,542 to £405,692 and net assets falling from £620,929 to £418,663. Conditions improved in FY23 as cash increased to £512,874 and net assets recovered to £524,480, although accumulated losses continued to deepen.^[7]

In FY24, the balance sheet strengthened further. Cash at bank rose to £666,746, while net assets increased to £650,895. Accumulated losses narrowed from £1.38 million to £1.25 million, marking the first meaningful reduction in cumulative deficits since FY21. This improvement suggests progress toward financial sustainability, but does not yet establish a durable profitability trend.^[8]

AxiaFunder has raised a total of £1,357,200 through successive campaigns on the Republic Europe platform (formerly Seedrs) between March 2020 and June 2022. In its most recent campaign in June 2022, the company secured £762,630 in exchange for an 11.81% equity stake. Across all campaigns, 594 investors have participated.^[9]

A key operational risk emerged following the collapse of law firm McDSL, which resulted in approximately £520,000 in investor losses due to insufficient legal protections on certain claims. AxiaFunder has committed to covering these losses, reducing immediate investor impact but highlighting the platform’s exposure to counterparty risk and legal structuring failures. Management has stated that underwriting standards, legal safeguards, and law firm monitoring processes have since been strengthened.^[10]

AxiaFunder was awarded Highly Commended for Innovative Lenders (Sub $1 billion) at the 2024 Alternative Credit Investor Awards and named Innovative Lender of the Year at the 2023 P2P Finance Awards for the second year in a row. The platform was recognized for offering direct access to litigation investments, launching the first secondary market for litigation investments, and using a tax-efficient limited partnership structure. Its litigation portfolio product, featuring independent small claims, was also noted for improved diversification and risk-reward.^{[11] [12]}

1. AxiaFunder: “FAQ - Which categories of investor can access AxiaFunder’s investment opportunities?”
2. P2PMarketData: “AxiaFunder Statistics”
3. AxiaFunder: “Past Investments”
4. AxiaFunder: “FAQ - When will I start earning a return on my investment?”
5. AxiaFunder: “FAQ - How are AxiaFunder’s fees calculated?”
6. Gov UK, Company House: “Champerty Limited - Filing history - Confirmation statement”
7. Gov UK, Company House: “Champerty Limited - Filing history - Unaudited abridged accounts 2023”
8. Gov UK, Company House: “Champerty Limited - Filing history - Unaudited abridged accounts 2024”
9. Republic Europe: “AxiaFunder - About”
10. 4th Way: “AxiaFunder To Cover £500,000 In Losses”
11. AxiaFunder: “Blog - AxiaFunder Wins Innovative Lender of The Year Award”
12. AxiaFunder: “Blog - Highly Commended Innovative Lenders Award”

AxiaFunder, a UK-based litigation funding platform launched in 2016, operates under the trading name of Champerty Ltd. Incorporated in London, it is authorised and regulated by the Financial Conduct Authority (FCA). The platform connects investors with vetted commercial litigation investment opportunities across the UK.

AxiaFunder’s investment opportunities are open to certified high-net-worth individuals in the UK, self-certified sophisticated investors, and professional investors. To qualify as a self-certified sophisticated investor, individuals must meet at least one of the following requirements: membership in a business angel network, investments in unlisted companies, experience in private equity, SME finance, or as a director of a £1M+ annual turnover company.^[1]

Since its launch, AxiaFunder has raised over £27.5 million. In the past 12 months, the platform facilitated £9.04 million in investments, averaging £0.75 million monthly.^[2]

• AxiaFunder links accredited investors to vetted UK commercial litigation opportunities and is authorized by the FCA.
• Historical returns show wide dispersion, with total losses on failed cases and outsized gains on successful resolutions.
• The investments offered are Housing Dispair litigation claims, Diesel Emission claims, and Commercial Claims starting at £1,000 per case.
• AxiaFunder offers investments between £50,000 and £500,000, with terms of 9 to 24 months.
• The platform charges upfront fees of 7% to 10% and takes a 20% cut of successful case returns.

AxiaFunder offers litigation funding, where third parties finance legal cases in exchange for a share of the proceeds if the case succeeds through settlement or trial. The platform’s funding ranges from £50,000 to £500,000, with investment durations between 9 to 24 months.^[3]

Investors can start at a minimum of £1,000 per case. Investments are structured as bonds or equity via a Special Purpose Vehicle (SPV) for the case. Returns are calculated from 2 weeks after the investment offer closing date and paid with the capital upon the case’s successful conclusion.^[4] The type investments offered are Housing Dispair litigation claims, Diesel Emission claims, and Commercial Claims in the United Kingdom.

Investing in litigation funding carries risks, including total loss, legal uncertainty, and potential liability for opponent costs. AxiaFunder reduces these risks through SPV investments, careful case selection, and reputable insurers. The platform offers a secondary market for lenders to exit investments early, but does not provide an auto-invest feature to queue new investment opportunities. Returns may be subject to income tax, capital gains tax, or both, depending on the tax rate. Investors are responsible for paying any applicable taxes.

AxiaFunder publishes performance statistics segmented by law firm and claim type, primarily based on its commercial litigation portfolio. According to platform-reported data, resolved commercial litigation investments have produced internal rates of return (IRRs) ranging from -100% to 224%, highlighting the binary and highly dispersed nature of outcomes in litigation funding.

Of 17 resolved commercial claims, 10 were successful and 4 resulted in losses, implying a reported success rate of approximately 70%, with the remaining cases reflecting partial or mixed outcomes. The platform reports an average IRR of around 27% for resolved commercial claims, while excluding higher-risk offers lowers reported returns materially. However, AxiaFunder does not disclose the total amount of capital returned to investors, limiting independent assessment of aggregate portfolio performance and downside severity.

Investors should note that individual case outcomes can materially deviate from averages, and losses are typically total losses of invested capital. As a result, realised returns are highly sensitive to diversification and case selection.

AxiaFunder charges upfront fees of 7% to 10% of the invested amount, with higher fees applied to smaller issuances. In addition, the platform retains 20% of net proceeds on successful cases. These fees are deducted at the SPV level and materially increase the breakeven threshold for investors. AxiaFunder’s revenue model is therefore directly linked to both transaction volume and the successful resolution of funded cases.^[5]

AxiaFunder is managed by its founders, Cormac Leech, CEO, and Rabin Tambyraja, co-founder & part-time business developer. Cormac has spent nearly a decade in alternative finance, where he played a key role in raising over $2 billion for direct lending funds as a founder of Liberum Alternative Finance, incubated several fintech startups, and served as a senior consultant to private equity firms such as VPC after working in strategy consulting at McKinsey. Rabin has two decades of experience across investment banking, project finance, equity research, and fund management, having managed portfolios worth hundreds of millions for major hedge funds, including UBS and Bluecrest Capital. Supporting them is an experienced team, including Michael Lent, who leads case origination and assessment, Sophie Xuemei Liu, the COO and former co-founder and CMO of Xanadu, an internet startup focused on Chinese outbound travel, among four investment analysts.

AxiaFunder is a trading name of Champerty Ltd, a London-based company. It has around 200 shareholders, with the largest being COO Sophie Xuemei Liu. Cormac Leech also holds a significant stake, and both are listed as persons with significant control.^[6]

AxiaFunder’s financial history reflects a prolonged period of operating losses followed by early signs of balance sheet stabilisation. Between FY21 and FY22, liquidity weakened materially, with cash reserves declining from £616,542 to £405,692 and net assets falling from £620,929 to £418,663. Conditions improved in FY23 as cash increased to £512,874 and net assets recovered to £524,480, although accumulated losses continued to deepen.^[7]

In FY24, the balance sheet strengthened further. Cash at bank rose to £666,746, while net assets increased to £650,895. Accumulated losses narrowed from £1.38 million to £1.25 million, marking the first meaningful reduction in cumulative deficits since FY21. This improvement suggests progress toward financial sustainability, but does not yet establish a durable profitability trend.^[8]

AxiaFunder has raised a total of £1,357,200 through successive campaigns on the Republic Europe platform (formerly Seedrs) between March 2020 and June 2022. In its most recent campaign in June 2022, the company secured £762,630 in exchange for an 11.81% equity stake. Across all campaigns, 594 investors have participated.^[9]

A key operational risk emerged following the collapse of law firm McDSL, which resulted in approximately £520,000 in investor losses due to insufficient legal protections on certain claims. AxiaFunder has committed to covering these losses, reducing immediate investor impact but highlighting the platform’s exposure to counterparty risk and legal structuring failures. Management has stated that underwriting standards, legal safeguards, and law firm monitoring processes have since been strengthened.^[10]

AxiaFunder was awarded Highly Commended for Innovative Lenders (Sub $1 billion) at the 2024 Alternative Credit Investor Awards and named Innovative Lender of the Year at the 2023 P2P Finance Awards for the second year in a row. The platform was recognized for offering direct access to litigation investments, launching the first secondary market for litigation investments, and using a tax-efficient limited partnership structure. Its litigation portfolio product, featuring independent small claims, was also noted for improved diversification and risk-reward.^{[11] [12]}

1. AxiaFunder: “FAQ - Which categories of investor can access AxiaFunder’s investment opportunities?”
2. P2PMarketData: “AxiaFunder Statistics”
3. AxiaFunder: “Past Investments”
4. AxiaFunder: “FAQ - When will I start earning a return on my investment?”
5. AxiaFunder: “FAQ - How are AxiaFunder’s fees calculated?”
6. Gov UK, Company House: “Champerty Limited - Filing history - Confirmation statement”
7. Gov UK, Company House: “Champerty Limited - Filing history - Unaudited abridged accounts 2023”
8. Gov UK, Company House: “Champerty Limited - Filing history - Unaudited abridged accounts 2024”
9. Republic Europe: “AxiaFunder - About”
10. 4th Way: “AxiaFunder To Cover £500,000 In Losses”
11. AxiaFunder: “Blog - AxiaFunder Wins Innovative Lender of The Year Award”
12. AxiaFunder: “Blog - Highly Commended Innovative Lenders Award”

AxiaFunder, a UK-based litigation funding platform launched in 2016, operates under the trading name of Champerty Ltd. Incorporated in London, it is authorised and regulated by the Financial Conduct Authority (FCA). The platform connects investors with vetted commercial litigation investment opportunities across the UK.

AxiaFunder’s investment opportunities are open to certified high-net-worth individuals in the UK, self-certified sophisticated investors, and professional investors. To qualify as a self-certified sophisticated investor, individuals must meet at least one of the following requirements: membership in a business angel network, investments in unlisted companies, experience in private equity, SME finance, or as a director of a £1M+ annual turnover company.^[1]

Since its launch, AxiaFunder has raised over £27.5 million. In the past 12 months, the platform facilitated £9.04 million in investments, averaging £0.75 million monthly.^[2]

• AxiaFunder links accredited investors to vetted UK commercial litigation opportunities and is authorized by the FCA.
• Historical returns show wide dispersion, with total losses on failed cases and outsized gains on successful resolutions.
• The investments offered are Housing Dispair litigation claims, Diesel Emission claims, and Commercial Claims starting at £1,000 per case.
• AxiaFunder offers investments between £50,000 and £500,000, with terms of 9 to 24 months.
• The platform charges upfront fees of 7% to 10% and takes a 20% cut of successful case returns.

AxiaFunder offers litigation funding, where third parties finance legal cases in exchange for a share of the proceeds if the case succeeds through settlement or trial. The platform’s funding ranges from £50,000 to £500,000, with investment durations between 9 to 24 months.^[3]

Investors can start at a minimum of £1,000 per case. Investments are structured as bonds or equity via a Special Purpose Vehicle (SPV) for the case. Returns are calculated from 2 weeks after the investment offer closing date and paid with the capital upon the case’s successful conclusion.^[4] The type investments offered are Housing Dispair litigation claims, Diesel Emission claims, and Commercial Claims in the United Kingdom.

Investing in litigation funding carries risks, including total loss, legal uncertainty, and potential liability for opponent costs. AxiaFunder reduces these risks through SPV investments, careful case selection, and reputable insurers. The platform offers a secondary market for lenders to exit investments early, but does not provide an auto-invest feature to queue new investment opportunities. Returns may be subject to income tax, capital gains tax, or both, depending on the tax rate. Investors are responsible for paying any applicable taxes.

AxiaFunder publishes performance statistics segmented by law firm and claim type, primarily based on its commercial litigation portfolio. According to platform-reported data, resolved commercial litigation investments have produced internal rates of return (IRRs) ranging from -100% to 224%, highlighting the binary and highly dispersed nature of outcomes in litigation funding.

Of 17 resolved commercial claims, 10 were successful and 4 resulted in losses, implying a reported success rate of approximately 70%, with the remaining cases reflecting partial or mixed outcomes. The platform reports an average IRR of around 27% for resolved commercial claims, while excluding higher-risk offers lowers reported returns materially. However, AxiaFunder does not disclose the total amount of capital returned to investors, limiting independent assessment of aggregate portfolio performance and downside severity.

Investors should note that individual case outcomes can materially deviate from averages, and losses are typically total losses of invested capital. As a result, realised returns are highly sensitive to diversification and case selection.

AxiaFunder charges upfront fees of 7% to 10% of the invested amount, with higher fees applied to smaller issuances. In addition, the platform retains 20% of net proceeds on successful cases. These fees are deducted at the SPV level and materially increase the breakeven threshold for investors. AxiaFunder’s revenue model is therefore directly linked to both transaction volume and the successful resolution of funded cases.^[5]

AxiaFunder is managed by its founders, Cormac Leech, CEO, and Rabin Tambyraja, co-founder & part-time business developer. Cormac has spent nearly a decade in alternative finance, where he played a key role in raising over $2 billion for direct lending funds as a founder of Liberum Alternative Finance, incubated several fintech startups, and served as a senior consultant to private equity firms such as VPC after working in strategy consulting at McKinsey. Rabin has two decades of experience across investment banking, project finance, equity research, and fund management, having managed portfolios worth hundreds of millions for major hedge funds, including UBS and Bluecrest Capital. Supporting them is an experienced team, including Michael Lent, who leads case origination and assessment, Sophie Xuemei Liu, the COO and former co-founder and CMO of Xanadu, an internet startup focused on Chinese outbound travel, among four investment analysts.

AxiaFunder is a trading name of Champerty Ltd, a London-based company. It has around 200 shareholders, with the largest being COO Sophie Xuemei Liu. Cormac Leech also holds a significant stake, and both are listed as persons with significant control.^[6]

AxiaFunder’s financial history reflects a prolonged period of operating losses followed by early signs of balance sheet stabilisation. Between FY21 and FY22, liquidity weakened materially, with cash reserves declining from £616,542 to £405,692 and net assets falling from £620,929 to £418,663. Conditions improved in FY23 as cash increased to £512,874 and net assets recovered to £524,480, although accumulated losses continued to deepen.^[7]

In FY24, the balance sheet strengthened further. Cash at bank rose to £666,746, while net assets increased to £650,895. Accumulated losses narrowed from £1.38 million to £1.25 million, marking the first meaningful reduction in cumulative deficits since FY21. This improvement suggests progress toward financial sustainability, but does not yet establish a durable profitability trend.^[8]

AxiaFunder has raised a total of £1,357,200 through successive campaigns on the Republic Europe platform (formerly Seedrs) between March 2020 and June 2022. In its most recent campaign in June 2022, the company secured £762,630 in exchange for an 11.81% equity stake. Across all campaigns, 594 investors have participated.^[9]

A key operational risk emerged following the collapse of law firm McDSL, which resulted in approximately £520,000 in investor losses due to insufficient legal protections on certain claims. AxiaFunder has committed to covering these losses, reducing immediate investor impact but highlighting the platform’s exposure to counterparty risk and legal structuring failures. Management has stated that underwriting standards, legal safeguards, and law firm monitoring processes have since been strengthened.^[10]

AxiaFunder was awarded Highly Commended for Innovative Lenders (Sub $1 billion) at the 2024 Alternative Credit Investor Awards and named Innovative Lender of the Year at the 2023 P2P Finance Awards for the second year in a row. The platform was recognized for offering direct access to litigation investments, launching the first secondary market for litigation investments, and using a tax-efficient limited partnership structure. Its litigation portfolio product, featuring independent small claims, was also noted for improved diversification and risk-reward.^{[11] [12]}

1. AxiaFunder: “FAQ - Which categories of investor can access AxiaFunder’s investment opportunities?”
2. P2PMarketData: “AxiaFunder Statistics”
3. AxiaFunder: “Past Investments”
4. AxiaFunder: “FAQ - When will I start earning a return on my investment?”
5. AxiaFunder: “FAQ - How are AxiaFunder’s fees calculated?”
6. Gov UK, Company House: “Champerty Limited - Filing history - Confirmation statement”
7. Gov UK, Company House: “Champerty Limited - Filing history - Unaudited abridged accounts 2023”
8. Gov UK, Company House: “Champerty Limited - Filing history - Unaudited abridged accounts 2024”
9. Republic Europe: “AxiaFunder - About”
10. 4th Way: “AxiaFunder To Cover £500,000 In Losses”
11. AxiaFunder: “Blog - AxiaFunder Wins Innovative Lender of The Year Award”
12. AxiaFunder: “Blog - Highly Commended Innovative Lenders Award”

AxiaFunder, a UK-based litigation funding platform launched in 2016, operates under the trading name of Champerty Ltd. Incorporated in London, it is authorised and regulated by the Financial Conduct Authority (FCA). The platform connects investors with vetted commercial litigation investment opportunities across the UK.

AxiaFunder’s investment opportunities are open to certified high-net-worth individuals in the UK, self-certified sophisticated investors, and professional investors. To qualify as a self-certified sophisticated investor, individuals must meet at least one of the following requirements: membership in a business angel network, investments in unlisted companies, experience in private equity, SME finance, or as a director of a £1M+ annual turnover company.^[1]

Since its launch, AxiaFunder has raised over £27.5 million. In the past 12 months, the platform facilitated £9.04 million in investments, averaging £0.75 million monthly.^[2]

• AxiaFunder links accredited investors to vetted UK commercial litigation opportunities and is authorized by the FCA.
• Historical returns show wide dispersion, with total losses on failed cases and outsized gains on successful resolutions.
• The investments offered are Housing Dispair litigation claims, Diesel Emission claims, and Commercial Claims starting at £1,000 per case.
• AxiaFunder offers investments between £50,000 and £500,000, with terms of 9 to 24 months.
• The platform charges upfront fees of 7% to 10% and takes a 20% cut of successful case returns.

AxiaFunder offers litigation funding, where third parties finance legal cases in exchange for a share of the proceeds if the case succeeds through settlement or trial. The platform’s funding ranges from £50,000 to £500,000, with investment durations between 9 to 24 months.^[3]

Investors can start at a minimum of £1,000 per case. Investments are structured as bonds or equity via a Special Purpose Vehicle (SPV) for the case. Returns are calculated from 2 weeks after the investment offer closing date and paid with the capital upon the case’s successful conclusion.^[4] The type investments offered are Housing Dispair litigation claims, Diesel Emission claims, and Commercial Claims in the United Kingdom.

Investing in litigation funding carries risks, including total loss, legal uncertainty, and potential liability for opponent costs. AxiaFunder reduces these risks through SPV investments, careful case selection, and reputable insurers. The platform offers a secondary market for lenders to exit investments early, but does not provide an auto-invest feature to queue new investment opportunities. Returns may be subject to income tax, capital gains tax, or both, depending on the tax rate. Investors are responsible for paying any applicable taxes.

AxiaFunder publishes performance statistics segmented by law firm and claim type, primarily based on its commercial litigation portfolio. According to platform-reported data, resolved commercial litigation investments have produced internal rates of return (IRRs) ranging from -100% to 224%, highlighting the binary and highly dispersed nature of outcomes in litigation funding.

Of 17 resolved commercial claims, 10 were successful and 4 resulted in losses, implying a reported success rate of approximately 70%, with the remaining cases reflecting partial or mixed outcomes. The platform reports an average IRR of around 27% for resolved commercial claims, while excluding higher-risk offers lowers reported returns materially. However, AxiaFunder does not disclose the total amount of capital returned to investors, limiting independent assessment of aggregate portfolio performance and downside severity.

Investors should note that individual case outcomes can materially deviate from averages, and losses are typically total losses of invested capital. As a result, realised returns are highly sensitive to diversification and case selection.

AxiaFunder charges upfront fees of 7% to 10% of the invested amount, with higher fees applied to smaller issuances. In addition, the platform retains 20% of net proceeds on successful cases. These fees are deducted at the SPV level and materially increase the breakeven threshold for investors. AxiaFunder’s revenue model is therefore directly linked to both transaction volume and the successful resolution of funded cases.^[5]

AxiaFunder is managed by its founders, Cormac Leech, CEO, and Rabin Tambyraja, co-founder & part-time business developer. Cormac has spent nearly a decade in alternative finance, where he played a key role in raising over $2 billion for direct lending funds as a founder of Liberum Alternative Finance, incubated several fintech startups, and served as a senior consultant to private equity firms such as VPC after working in strategy consulting at McKinsey. Rabin has two decades of experience across investment banking, project finance, equity research, and fund management, having managed portfolios worth hundreds of millions for major hedge funds, including UBS and Bluecrest Capital. Supporting them is an experienced team, including Michael Lent, who leads case origination and assessment, Sophie Xuemei Liu, the COO and former co-founder and CMO of Xanadu, an internet startup focused on Chinese outbound travel, among four investment analysts.

AxiaFunder is a trading name of Champerty Ltd, a London-based company. It has around 200 shareholders, with the largest being COO Sophie Xuemei Liu. Cormac Leech also holds a significant stake, and both are listed as persons with significant control.^[6]

AxiaFunder’s financial history reflects a prolonged period of operating losses followed by early signs of balance sheet stabilisation. Between FY21 and FY22, liquidity weakened materially, with cash reserves declining from £616,542 to £405,692 and net assets falling from £620,929 to £418,663. Conditions improved in FY23 as cash increased to £512,874 and net assets recovered to £524,480, although accumulated losses continued to deepen.^[7]

In FY24, the balance sheet strengthened further. Cash at bank rose to £666,746, while net assets increased to £650,895. Accumulated losses narrowed from £1.38 million to £1.25 million, marking the first meaningful reduction in cumulative deficits since FY21. This improvement suggests progress toward financial sustainability, but does not yet establish a durable profitability trend.^[8]

AxiaFunder has raised a total of £1,357,200 through successive campaigns on the Republic Europe platform (formerly Seedrs) between March 2020 and June 2022. In its most recent campaign in June 2022, the company secured £762,630 in exchange for an 11.81% equity stake. Across all campaigns, 594 investors have participated.^[9]

A key operational risk emerged following the collapse of law firm McDSL, which resulted in approximately £520,000 in investor losses due to insufficient legal protections on certain claims. AxiaFunder has committed to covering these losses, reducing immediate investor impact but highlighting the platform’s exposure to counterparty risk and legal structuring failures. Management has stated that underwriting standards, legal safeguards, and law firm monitoring processes have since been strengthened.^[10]

AxiaFunder was awarded Highly Commended for Innovative Lenders (Sub $1 billion) at the 2024 Alternative Credit Investor Awards and named Innovative Lender of the Year at the 2023 P2P Finance Awards for the second year in a row. The platform was recognized for offering direct access to litigation investments, launching the first secondary market for litigation investments, and using a tax-efficient limited partnership structure. Its litigation portfolio product, featuring independent small claims, was also noted for improved diversification and risk-reward.^{[11] [12]}

1. AxiaFunder: “FAQ - Which categories of investor can access AxiaFunder’s investment opportunities?”
2. P2PMarketData: “AxiaFunder Statistics”
3. AxiaFunder: “Past Investments”
4. AxiaFunder: “FAQ - When will I start earning a return on my investment?”
5. AxiaFunder: “FAQ - How are AxiaFunder’s fees calculated?”
6. Gov UK, Company House: “Champerty Limited - Filing history - Confirmation statement”
7. Gov UK, Company House: “Champerty Limited - Filing history - Unaudited abridged accounts 2023”
8. Gov UK, Company House: “Champerty Limited - Filing history - Unaudited abridged accounts 2024”
9. Republic Europe: “AxiaFunder - About”
10. 4th Way: “AxiaFunder To Cover £500,000 In Losses”
11. AxiaFunder: “Blog - AxiaFunder Wins Innovative Lender of The Year Award”
12. AxiaFunder: “Blog - Highly Commended Innovative Lenders Award”