Finance

Lumos

A secure marketplace for litigation finance — connecting litigants with funders through an invite-only platform built on trust, verification, and a curated community.

4 months Partnership
38 Deliveries
4 months Timeline
95% On Budget
4.8d Avg Cycle Time
Lumos — Secure litigation finance marketplace
Discovery 4 weeks
Build 12 weeks

The Bet

Litigation finance is a growing market — but one still running on relationships, phone calls, and opaque deal flow. Founder Madeleine Wykstra saw the gap: litigants who needed funding had no efficient way to connect with funders, and funders had no structured way to evaluate and invest in cases. Both sides operated without transparency, security, or choice.

Madeleine came to Nolte with a vision for a digital marketplace that would serve both parties — and an existing version that wasn’t working. The platform was buggy, unresponsive to user needs, and nowhere near market-ready. She needed a partner who could rethink the product from the ground up and deliver a robust MVP that would earn trust in an industry where trust is everything.

The Complexity

This wasn’t a standard two-sided marketplace. Litigation finance sits at the intersection of legal, financial, and regulatory worlds:

  • Dual-sided trust problem — both litigants and funders need verification, privacy, and confidence that the other party is legitimate. A marketplace where either side doesn’t trust the platform is dead on arrival.
  • Invite-only access model — not an open marketplace. A curated community with rigorous verification to maintain quality and security.
  • Sensitive data handling — litigation details, financial information, and personal data all require careful security architecture.
  • Two distinct user experiences — lawyers and investors have fundamentally different workflows, mental models, and priorities. One product has to serve both.

The Thinking

We started with a one-month discovery phase — not just requirements gathering, but the strategic work that would determine whether the product had a viable path to market.

Lumos initial audit — evaluating the existing platform

Market analysis — We mapped the litigation finance ecosystem, analyzed competitors, and identified the specific gaps Lumos could own. The insight: existing platforms competed on deal volume. Lumos could compete on trust and curation.

Customer profiling — Demographics and psychographics for both sides of the marketplace. Investors wanted deal flow quality and due diligence support. Case holders wanted transparency and control over their funding process. These profiles shaped every design decision.

Lumos discovery — market analysis and product strategy

User interviews — Direct conversations with potential users on both sides revealed unmet needs the existing product hadn’t addressed. The feedback confirmed the trust thesis and exposed specific friction points in how litigants and funders evaluate each other.

Design and tech evaluation — We proposed a fresh design concept and recommended a modern tech stack (TypeScript with NestJS and NextJS, PostgreSQL) to replace the existing codebase entirely. A rebuild, not a patch.

Lumos before and after — from broken v1 to polished product

The Build

With the strategic foundation in place, we moved into a three-month execution phase. The team — software engineers, a product designer, a communication expert, and a product manager — worked in a Kanban-based cadence with frequent stakeholder sessions to keep Madeleine close to every decision.

Lumos investor dashboard — curated case opportunities and deal flow

Investor and litigant dashboards — Separate views tailored to each user type. Investors see curated case opportunities with the information they need for due diligence. Litigants manage their cases and funding requests with full visibility into the process.

Verification and onboarding — Rigorous identity verification flows for both sides of the marketplace. The invite-only model required a careful onboarding experience that maintained exclusivity without creating unnecessary friction.

User profiles and case management — Structured profiles that let both parties present themselves credibly. Case management tools that organize the information funders need to make decisions.

Lumos UI Library — custom design system for consistency across the platform

Lumos UI Library — A custom design system built for consistency across the platform. Every component reflects the trust and professionalism the brand demands.

Lumos go-to-market waitlist landing page

Go-to-market landing page — A waiting list mechanism to gauge market interest and build community before launch. The landing page was designed to communicate Lumos’s value proposition and convert early adopters.

The Proof

From a buggy existing product to a market-ready MVP in four months — rebuilt from the ground up with a modern tech stack, a curated marketplace model, and a user experience designed for an industry that demands trust above all else.

  • 38 deliveries forecasted and shipped through NolteOS
  • 4-month timeline from discovery through launch
  • Complete rebuild — new architecture, new design, new tech stack
  • Two-sided marketplace — separate experiences for litigants and funders, unified by a single trust model

The Partnership

Lumos was a product rescue turned product launch. Madeleine came to us with a vision and a broken v1. We didn’t patch what was there — we challenged the assumptions, validated the market thesis, and built something worth launching. The strategic work in discovery shaped a product that competes on trust and curation rather than trying to be everything to everyone.

Total Deliveries 38
Forecast Accuracy 95%
Avg Cycle Time 4.8d
Timeline 4 months
On-Time Delivery Rate
95% on time Target: 95%
MW
Madeleine Wykstra Founder
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Area
RiskOpportunity
Regulatory
HIPAA · State filing
Market Fit
Competitive positioning
Growth
Post-launch evolution
3 risk areas 5 opportunities Let's talk