Kor Solutions specializes in solving legal conflicts by using data intelligence. Its main focus is to accelerate resolutions in legal processes between businesses and consumers. Kor’s technology analyzes the company’s policies and the consumer’s compensation claims, if the latter provides enough evidence a payment proposal is sent.
The company is able to reduce the waiting time to an average of 24 hours, making an enormous difference considering that a traditional legal procedure would take up to 18 months. This saves up to 75% of the total expenses faced by a company during a lawsuit.
The startup founded in 2020 by Victor Aracaty, Matheus Góis and Roberto Dias Villas Boas has already handled more than 200,000 cases. Kor currently serves 25 large companies in several industries, including clothing retailers, travel agencies and financial institutions.
Kor recently raised BRL $3.5M (USD $680K) in a seed round that counted with the participation of GV Angels, Urca Angels, Gávea Angels and Anjos do Brasil. The capital will be used to grow its commercial team and to invest in developing new technologies. The startup's ambition is to create a system that can take into account the judge's behavior and predict the outcome of lawsuits in the future.