JustFund, Australia’s only dedicated lender helping people pay for legal costs during divorce and separation has secured a $200 million warehouse facility from MA Financial Group, an ASX-listed global alternative asset manager and one of Australia’s leading private credit providers.
By offering flexible finance based on a person’s likely relationship settlement — not their credit score, income or employment — JustFund empowers clients to access legal representation immediately and only repay once their matter is resolved.
The funding facility — the largest in JustFund’s history — will enable the fast-growing legal lender to significantly expand its operations and enable access to justice for thousands more Australians seeking fair and affordable legal support.
“This facility is more than just capital — it’s a clear vote of confidence in the JustFund model, and recognition of the urgent social need we are solving,” said Craig Carroll, Co-Founder and Executive Chairman of JustFund. “This marks a pivotal new chapter for our company and the people we support.”
The deal was highly competitive, with three major banks and four institutional credit funds submitting term sheets, highlighting the strength of JustFund’s growth trajectory and business fundamentals.
“We were fortunate to be in the position to choose our partner, and MA Financial stood out as the right fit,” Carroll added. “Their deep experience in legal finance and their commitment to innovation meant they understood both our market and our mission.”
JustFund’s legal funding model is the only one of its kind in Australia — offering finance based on a person’s expected settlement, not income or credit score. It’s a lifeline not just for low-income earners, but for a growing group known as the ‘missing middle’ — everyday Australians, including professionals, parents and retirees, who are unable to access Legal Aid but also unable to fund family law legal fees.
The company has demonstrated impressive results since it launched in 2022 including:
- Establishing an extensive network of 900+ accredited family law firms nationwide
- 40% increase in demand, year on year, based on applications for funding received
- Facilitating the division of more than $1.3 Billion in relationship property assets
“Divorce doesn’t discriminate. Separation affects Australians from all walks of life — including those who appear financially comfortable on paper, but whose assets are tied up in property or frozen by virtue of the legal process,” said Carroll. “Even people who have worked hard and built wealth can find themselves unable to afford legal representation when it matters most.”
MA Financial’s partnership comes at a time of increasing social strain, with the cost-of-living crisis, rental shortages, and domestic pressures making separation even more precarious. JustFund’s ability to step in and fund legal access during these moments is more than timely — for many it’s essential.
Guy Kaufman, Executive Director (Global Credit Solutions), MA Financial Group said “We were attracted to JustFund’s operating model, disciplined underwriting, and consistently strong credit performance – particularly given its substantial loan portfolio growth over the past two years. The bespoke asset-backed lending facility we designed for its specialised funding platform highlights private capital’s ability to develop tailored funding solutions. We view this partnership as an opportunity for MA Financial to support JustFund’s next stage of growth and goal of delivering real-world impact, while also providing a strong credit investment opportunity for our clients.”
“Access to justice shouldn’t depend on wealth,” said Carroll. “This new funding allows us to support more Australians through one of life’s most stressful and vulnerable experiences — and to do it with compassion, fairness, and dignity.”
