“THE FIRM IS IMMERSED IN THE INDUSTRY, EXHIBITING…DEEP EXPERTISE IN THE MARKET. THEY ARE VALUED PARTNERS TO COMPANIES OPERATING MULTINATIONALLY…DUE TO THEIR STRONG RELATIONSHIPS WITH INTERNATIONAL FIRMS.”
– CHAMBERS, FINTECH GUIDE 2019
Our FinTech practice enjoys the benefits of our corporate dynamism, rich banking background, wide-ranging private equity experience and exciting telecommunications, media and technology practice. Our investment advisory service in this space dates as far back as 2007, when we advised a leading private equity house in its investment in one of the pioneering payment processors in Nigeria.
The FinTech team at our firm is conversant with the various innovations and regulations in the ever-evolving financial services sector, and actively provides advice to clients in this space. Our team advises on crowdfunding projects, mobile lending services, payments transfer solutions, financial products with mobile or web-based applications, data privacy and data processing by FinTech entities, regulation of payments platforms and non-conventional payments systems, licensing of money transfer operators, cryptocurrencies, Initial Coin Offerings, and so on.
In the cryptocurrency space, we advise various local and foreign institutions on the regulatory framework for cyptocurrencies, as well as on the use of bitcoins, Litecoin, onecoin and other forms of virtual currencies. On the licensing front, we advise and assist clients in obtaining licences from regulators such as the Central bank of Nigeria, Money Lenders Registry and the Nigerian Communications Commission. We have also advised investors, including leading private equity houses on the acquisition of interest in FinTech companies, leveraging our extensive knowledge of the private equity sector on these deals. Our clients include international and local banks, payment companies, card networks, private equity houses, mobile lenders, technology companies, and crowdfunding platforms.
The Firm is ranked as a Tier 1 firm and our partners are similarly highly ranked in the 2018 Chambers and Partners Fintech Guide. The Firm is also a member of the FinTech Association of Nigeria and has representations on the SEC Fintech Roadmap Committee of the Nigerian Capital Market.