Advofin Prozessfinanzierung AG is a company that finances litigation in exchange for a share of the damages that are successfully recovered and is the first litigation financing company in Austria. The company is currently handling several hundred enquiries for litigation funding with claims totalling more than EUR 100 million. AdvoFin is supported by respected business figures, underpinning the continuity and stability of the business model.
The Project (Rent-a-CFO):
Together with pioneers in the field of litigation financing, Management Factory founded the company and raised shareholder capital (several million euros) from external investors. Management Factory supplied the CFO (Chief Financial Officer) from day one and is thus responsible for the areas of finance, controlling, IT, organisation and human resources within the Management Board.