Fintech in London

Allen & Overy LLP

Allen & Overy LLP has particularly strong credentials in financial services regulation, as well as a wealth of experience advising traditional and emerging technology platforms and services on all aspects of their operations, underlined by its high-profile Fuse tech incubator, which has now been running since 2017. The practice is also well-equipped to advise a diverse range of clients on insurtech matters, investment and fundraising. Ben Regnard-Weinrabe is co-lead on the firm's fintech initiative; he works alongside Jane Finlayson-Brown, who has a strong track record of advising companies on information technology, including data exploitation. Etay Katz specialises in assisting financial services companies with regulatory compliance in the UK and various other jurisdictions.

Practice head(s):

Ben Regnard-Weinrabe

Testimonials

‘A&O have a strong payments practice and are capable of advising on a host of different topics. Their strong client base means that they have powerful insights into market practice and the attitude of the regulators to our various products.’

‘A&O’s fintech practice is one of the best in London. Its members are very knowledgeable and experienced in a wide range of projects.’

‘Ben Regnard-Weinrabe is extremely knowledgeable and experienced in a wide range of financial services matters and can provide us with a great breadth of advice. We like his particular aptitude for helping us on some of our more innovative services and where there may not be such established practice. He is able to help us navigate around the associated regulatory issues with confidence.’

‘Nikki Johnstone is very affable and approachable, and she combines that with a profound knowledge of the regulations and the market. She provides pragmatic and actionable advice.’

‘The technical excellence is a given with a firm of this calibre, but what sets this team apart is its friendly manner, availability and willingness to be flexible. They understand the pace at which a small fintech business likes to work and the pressures this puts on internal counsel to deliver to tight timelines and will always endeavour to support that. They are also willing to take a pragmatic view to get a deal done, rather than labour points.’

‘Will Samengo-Turner led the first transaction we did with Allen & Overy and very quickly understood how best to work with us and management. He was a great support and ally for the in-house function, not just a trusted adviser.

‘Ben Regnard-Weinrabe is one of the few true PSD2 experts in Europe who has experience with a number of tech players. Ben knows the rules and knows the regulator, making him an excellent sparring partner.’

Key clients

Facebook Group

Zopa

Paysafe

Banking Circle

Skrill

Uber

eBay

SumUp

Clifford Chance LLP

Leveraging the firm's deep bench strength in the financial services and technology industries, Clifford Chance LLP's team represents clients across the fintech ecosystem, including banks, payment companies and start-ups. The range of work is equally diverse and includes corporate transactions, blockchain projects, regulatory compliance and litigation involving fintech companies. Peter Chapman specialises in advising clients on strategic legal and regulatory matters, such as PSD2, the proposed EU crowdfunding regulation and legal frameworks supporting blockchain and cryptocurrency developments. Jonathan Kewley has a wealth of experience in technology projects, with particular strength advising clients on the regulatory aspects of blockchain and AI. Samantha Ward is a go-to partner for fintech disputes and investigations, including cyber security and payments litigation. Kate Scott specialises in follow-on litigation and regulatory investigations, with particular strength in contentious cryptocurrency matters. Highly active partner Monica Sah advises clients on financial services regulation, including financial product structuring, custody issues and compliance with the Anti-Money Laundering Directive 5 (AMLD5). In a recent mandate, the firm advised Mastercard International on its acquisition of Nets' payment business for $2.85bn.

Practice head(s):

Jonathan Kewley; Peter Chapman

Other key lawyers:

Samantha Ward; Kate Scott; Monica Sah

Testimonials

‘A very strong team with in-depth knowledge and pragmatic solutions.’

Work highlights

  • Advised Mastercard on its £2.85bn acquisition of Nets’ account-to-account (“A2A”) payments business in 2019.
  • Advised WEX on its $1.7bn  acquisition of travel industry B2B payments solutions provider eNett and Optal, a B2B transactions optimizer.
  • Advising HQLA? and Deutsche Börse on their jointly-developed distributed ledger technology solution for frictionless collateral swaps in the securities lending market.

Eversheds Sutherland (International) LLP

The team at Eversheds Sutherland (International) LLP advises banks and financial services companies engaged in the fintech sector on cloud projects, blockchain and cryptocurrency developments, data protection matters, M&A, investments, regulatory enforcement and disputes. Matthew Gough has a wealth of experience in fintech-related commercial arrangements, including supply and purchase agreements, and IT and outsourcing agreements. Simon Gamlin has expertise in outsourcing projects and tech transactions, while Craig Rogers often advises financial institutions on joint ventures and collaborative projects established to develop new fintech products, including blockchain trading platforms. Senior associate James Burnie advises financial institutions on all aspects of EU and UK financial regulation, including MiFID II and the FCA Handbook. Fintech regulation specialist Andrew Henderson left for Macfarlanes LLP in January 2020.

Practice head(s):

Matthew Gough

Key clients

Pollen Street Capital Limited

Experian Limited

Pollen Street Capital

2030 Limited

Jaja Finance Limited

KINESIS

Gresham House

Aston Lark Group

Oodle Financial Services Limited

Honeycomb Investments

Source Insurance Limited (Red Apple)

Confused.com

Prepaid Financial Services Limited

Pembroke Investments Limited

Applefleet Ltd t/a Pomelo Pay

ARK Capital SC Sp SICAV RAIF

Work highlights

  • Advised BNP Paribas on a collaboration/joint go-to-market agreement with Kantox, a Fintech specialising in FX risk management solutions.
  • Assisting 2030 on its first issuance of tokenised shares using blockchain technology.
  • Advised 7sigma on the set up of one of the first decentralised gold commodity exchanges using DeFi principles.

Hogan Lovells International LLP

Hogan Lovells International LLP advises start-ups, robo-advisers, alternative lending companies, global banks and other financial institutions on a full range of fintech matters, including blockchain projects, tech-driven transactions and regulatory compliance. Emily Reid assists clients across the fintech ecosystem with regulatory compliance and issues relating to product development, showing particular expertise in the areas of open banking and payments. John Salmon specialises in advising financial institutions on technology projects, spanning mobile payments, cloud projects, cyber security, digital platforms, IT procurement and outsourcing. Rachel Kent, who heads up the firm's financial services department, advises clients involved in fintech projects on navigating regulatory regimes both in the UK and overseas. Anthony Doolittle is a standout senior associate in the team. Among its recent highlights, the team continues to act for Open Banking (an entity established to create open APIs in retail and SME banking in the UK) in relation to all regulatory matters.

Practice head(s):

Emily Reid

Testimonials

‘Hogan Lovells continues to impress in relation to retail financial services; whether it’s lending, current accounts, e-money or payments, or whether it’s in relation to large banks or nimble fintechs.’

Key clients

Accion International

Bankof

Banked

Brolly

Cleo

Curve 1 Limited

CV Starr & Co Inc. (Starr Insurance Companies)

Duality Banx

Edbridg

Fairscore / Updraft

Fronted

Global Digital Finance

Habito

Innovate Finance

Minden Ventures

Monzo Bank

Open Banking Limited

PayPal

Paysafe

Project Imagine / Dozens

Work highlights

  • Advising Open Banking as their exclusive legal adviser in relation to all regulatory matters. Open Banking is the Implementation Entity that has been established as a result of the CMA Order to create Open APIs in retail and SME banking in the UK.
  • Advising Curve on regulatory and competition law issues arising from changes to the Visa Europe Core Rules and on Curve’s continued ability to access the Visa card scheme.
  • Advised fintech start-up Quanterium on whether or not their proposal of creating a decentralised “dark-pool” exchange for cryptoassets came within the regulatory perimeter.

Kemp Little LLP

Kemp Little LLP's 'knowledgeable and approachable' practice group advises start-ups and growth stage fintech companies on all aspects of their regulatory and commercial challenges and developments. The range of work touches all areas of fintech, including open banking, blockchain, payments, AI and insurtech. An 'excellent technical lawyer', Chris Hill has experience of all types of commercial deals in the fintech space, including software, cloud, data IP and open banking; he also has notable strength in mobile payments. Jacob Ghanty focuses on financial services regulation, where he advises an impressive variety of payment companies, e-money issuers, banks and many others. Rich Folsom, who became a partner in April 2020, leads the firm's cryptocurrency group, boasting considerable expertise in the regulatory aspects of ICOs and the application of DLT.

Practice head(s):

Chris Hill

Other key lawyers:

Jacob Ghanty; Rich Folsom

Testimonials

‘The team is incredibly responsive and has an outstanding commercial and business approach.’

‘Kemp Little has a team genuinely focused on the Fintech area; their lawyers not only have relevant legal expertise but extensive practical experience working on the kind of commercial transactions which are most relevant for our business.’

‘Chris Hill and Rich Folsom have great knowledge of complex matters not only from a legal standpoint but also from a technical and operational perspective. It is very useful to speak the same language especially as understanding the underlying technicalities greatly impacts the risk assessment.’

‘Chris Hill is an excellent technical lawyer who understands the need to focus on detail but also has an excellent knowledge of IP/IT law in general and the fintech industry in particular. Chris has a flexible approach and a constructive attitude which makes it a pleasure to deal with him.’

Key clients

Flux

Nesta

Xero

Lykke

Peasy

Nimbla

Fractal Labs

Monese

Fluidly

Cube Global

Homelyfe

Work highlights

  • Providing ongoing commercial, regulatory, employment and corporate advice to this leading payments start-up, which provides digital receipts and loyalty e-stamps for physical point of sale transactions without any further step by the customer.
  • Serving as sole legal advisor to Nesta’s “Affordable Credit Challenge”, which supports partnerships between UK community lenders and fintechs developing innovative technological solutions that will increase access to affordable, responsible credit as an alternative to payday lenders.
  • Advised Lykke, a cryptocurrency exchange based in Switzerland, on a range of regulatory and contractual issues.

Latham & Watkins

Latham & Watkins' fintech team leverages the firm's global reach and its strong presence in the US to provide comprehensive regulatory and commercial support to clients in the fintech space. Practice head Andrew Moyle advises financial institutions and start-ups on the technology aspects of payments, insurtech and virtual currencies. He also has the necessary expertise to advise clients on commercial contracts, outsourcing arrangements and cloud computing. Stuart Davis  has remarkably broad expertise in the field. His experience includes acting for numerous central banks in relation to the development of fintech products and market infrastructure; advising media companies on the regulatory aspects of establishing virtual currencies; and guiding tech companies through IPOs. Fiona Maclean  is a name to note for cloud outsourcing and data privacy. Of recent note, Moyle and Davis led the team that advised Nivaura on the regulatory challenges of developing a novel platform for creating, clearing and settling tokenised equity using blockchain technology.

Practice head(s):

Andrew Moyle

Testimonials

‘This team has deep experience in digital assets and capital markets and is able to go into significant detail on the content, structure, and implementations of digital asset markets and products.’

‘The firm’s capital markets legal and regulatory expertise is unparalleled. Andrew Moyle, Stuart Davis, Sam Maxson and the London team have been instrumental in some of the groundbreaking work we’ve done in automated securities issuances.’

‘Stuart Davis has the rare combination of understanding the commercial needs for a proposition, possessing the EQ to negotiate highly competently on our behalf with key stakeholders and having the deep legal knowledge expected of a top tier lawyer.’ 

‘Stuart Davis in particular is able and eager to understand new digital asset products and markets, and identify the industry initiatives and regulations that are most relevant.’

Key clients

Nivaura Ltd

Refinitiv

Caisse de dépôt et placement du Québec

World Economic Forum

180 Digital Assets

Transferwise

ConsenSys

Symphony

Tencent Holdings Limited

GVE Ltd

StepEx

Morgan Stanley International Limited

Circle UK Trading Limited

Herzog Fox & Neeman (HFN)

eToro Group Limited

Morgan Stanley

PayU

Central Bank of Egypt

Celsius

Tokenise

Work highlights

  • Advising on a transformative and truly unique mandate for the Central Bank of Egypt involving a complete reformulation and enhancement of Egypt’s banking regulatory regime.
  • Advising PayU on all aspects of its involvement in Libra, Facebook’s flagship digital currency initiative.
  • We advised eToro on the establishment of eToro Digital Assets, a platform for the tokenisation of assets to be traded on eToroX, eToro’s Gibraltar-based digital currency exchange.

Linklaters LLP

Linklaters LLP advises financial institutions and challenger banks, market infrastructure providers and technology company on all aspects of fintech projects, including regulatory matters and transactions. The team's primary areas of expertise include payments, financial products, data security and AI. Julian Cunningham-Day's expertise spans data management, outsourcing, procurement, M&A, capital raising, compliance and governance. He is also well-known for advising financial institutions on the IT implications of regulatory changes such as MiFID II and GDPR. Harry Eddis is an expert in financial markets regulation and has advised on projects involving electronic trading, payment services, e-money and cash token arrangements. Fionnghuala Griggs handles M&A transactions and investments in the fintech sector. 'Extremely knowledgeable' associate Richard Hay has considerable experience advising clients on the financial structuring and regulatory aspects of payment structures and products. Associates Lisa Chang and Charitha Shashiraj are also recommended. In a major development, the team recently assisted the UK Jurisdiction Taskforce with its preparation of an authoritative statement on DLT and smart contracts under English private law.

Other key lawyers:

Lisa Chang; Charitha Shashiraj

Testimonials

‘The Linklaters team looking after us is comprised of very experienced and high profile lawyers with careers spanning several decades combined with younger colleagues. They all display the same energy and enthusiasm for the complex questions which arise with the development of our technology. We are engaged in cutting-edge thinking – they welcome the challenge. As a start-up we need to minimise legal spend and they have provided us with a very flexible billing arrangement where the bulk of the work is charged to junior rather than partners. They are very commercial and have an eye to our growth into a long-term client.’

‘Experts in their field. They understand the regulations inside and out. Capable of understanding business needs and desired outcomes.’

‘From our fintech perspective, we see other firms having one key individual, usually with an interest in Fintech, whereas Linklaters has strength and depth across the team, together with a genuine understanding of complex areas within the sector. The other key standout factor is that all team members are great to work with – and we speak with experience of a good number of lawyers and firms.’

‘They have vast experience and the desire to think and solve problems rather than just roll out cookie cutter advice.

‘Richard Hay has exceptional industry knowledge and can sit on a technical panel and contribute to a discussion, not just from a legal perspective (as many do) but with an in-depth understanding of the wider sector and of specific businesses within it. Richard is a “go to” for these reasons. We also very highly rate Harry Eddis and Finn Griggs. We could not recommend this team highly enough.’

Key clients

Fnality International

Santander

ISDA

Work highlights

  • Advised Santander in relation to its acquisition of a 50.1% stake in UK fintech business, Ebury Partners Limited, through a combination of primary and secondary transactions, including: (i) £70m for new shares; and (ii) £280m acquisition of shares from existing holders.
  • Advising Fnality International on a project to develop a new global, wholesale payment system which aims to achieve instant settlement through the transfer of a digital cash instrument between participants on a private blockchain.

Norton Rose Fulbright

Norton Rose Fulbright's 'extremely knowledgeable' practice group is instructed by clearing banks and other financial institutions, start-ups, cryptocurrency platforms, payment institutions and investors. The range of work the firm that the team takes on is equally as diverse as the client roster, spanning consortia projects, corporate transactions, regulatory compliance and product development in key areas such as blockchain, insurtech and AI. Sean Murphy advises clients on investments, acquisitions, joint ventures and the development and deployment of fintech products. Imogen Garner advises a diverse range of clients on the regulatory challenges and authorisations related to their fintech products. Hannah Meakin specialises in the regulation of cryptocurrencies and ICOs, and the use of DLT in relation to market infrastructure and commodity derivatives. Nicholas Berry leads the firm's insurtech practice, which focuses on advising insurance clients, start-ups and regulators involved in cutting edge developments in the sector. Associate Charlotte Rowlandson has a strong track record advising fintech clients on M&A and other corporate transactions. In a recent highlight, the firm advised longstanding client Starling Bank on its £75m fundraising round and a follow-on £30m fundraising.

Testimonials

‘Strong grasp of both the commercial and technical issues at play. Pragmatic, experienced. Able to easily leverage experience elsewhere in the firm at a consistently high standard.’

Key clients

AIG

Anacap Financial Partners

Aquiline

Arch

Primary Group

HSBC Investment Bank

Global Parametrics

Global Blockchain Business Council

IG Markets

InsurWave

Northern Trust

Pay.UK – the UK’s New Payment System Operator

Paxos (formerly itBit)

Stable Group

Standard Chartered

Starling Bank

Riskbook

Paypal

Post Trade Distributed Ledger Group

Upstream Ventures (Lendingblock)

Web 3.0 Technologies Foundation

Zurich

Work highlights

  • Appointed to advise PayPal on the Competition Market Authority’s Phase 2 investigation of PayPal’s acquisition of iZettle (taking over from Skadden, Arps, Slate, Meagher & Flom who acted for PayPal at Phase 1), and ultimately securing unconditional Phase 2 clearance in June 2019.
  • Served as key legal advisers in connection with the Trade Information Network (TIN), a first of its kind information exchange network to target a $1.5tn coverage gap in trade finance, which went live in 2019. The TIN is a collaboration between HSBC, Deutsche Bank, Citibank, BNP Paribas, Standard Chartered, and Australia and New Zealand Banking Group.
  • We advised long-standing client Starling Bank on its £75m fundraising round, with capital injected from existing investors and Merian Global Investors as a new investor. We also advised Starling Bank on a subsequent £30m fundraising round from the same investors who participated in the first fundraising round.

Slaughter and May

Slaughter and May's 'technically excellent' team advises start-ups and more established financial services and technology companies on all aspects of their business operations, including product structuring, expansion into new territories, regulatory compliance, data protection, IP and corporate transactions. Notably, the firm continues to run its Fast Forward incubator programme, supporting new fintech entrepreneurs and innovators looking to navigate the regulatory regime in the UK. Indeed, in 2019 the firm supported the establishment of three new fintechs through its Fast Forward programme. Ben Kingsley advises clients across the spectrum of fintech issues, covering blockchain and AI, while Rob Sumroy's extensive expertise in the sector includes blockchain projects, data protection, AI and cybersecurity issues.

Practice head(s):

Ben Kingsley; Rob Sumroy

Testimonials

‘Strong team across the board.  Rapid turnaround of documents.  Extremely high standard of analysis, strategic thought and drafting.  Very high level of expertise in each subject matter.’

‘Strong intellect.  Have relevant legal principles at their fingertips.  Absorb information and arguments rapidly and form high quality advice and judgement rapidly.’ 

‘The team are technically excellent and have a very commercial, pragmatic approach.’

‘Ben Kingsley is proactive in identifying issues and business needs, is extremely competent and also a pleasure to work with. He’s an invaluable resource in supporting our small, fast-growing legal team in a company moving at an astronomical pace.’

Key clients

Euroclear

Stripe

NewDay

Bud Financial

Credit Karma

OakNorth

WorldRemit

Multiply

TrueLayer

Silicon Valley Bank

Zamna

Virtu

Paymentsense

Treasury Spring

Legal & General

Tully

Work highlights

  • Advised Global Payments Inc on the EU competition law aspects and other regulatory issues connected to its $21.5bn merger with TSYS.
  • Advised OakNorth on its $440m equity raise led by Softbank Vision Fund.
  • Advised Credit Karma on a range of regulatory matters related to its first corporate expansion into Europe, including data privacy matters.

Ashurst

Ashurst's 'proactive and pragmatic' team focuses on advising large financial institutions and start-ups across the entire fintech ecosystem, spanning blockchain technology, open banking, P2P lending platforms, payments and regtech. The firm's commitment to supporting start-ups is demonstrated by its FinTech Legal Labs, an accelerator programme that provides new entrants with access to the firm's legal expertise and a roster of financial institutions and investor clients. Abradat Kamalpour, who leads FinTech Legal Labs, stands out for advising clients on the regulatory aspects of DLT and cryptoassets, among other new forms of technology. David Futter specialises in complex procurement arrangements and collaborative partnerships, particularly in relation to digital payments and trading platforms. 'Practical and well-reasoned' partner Tara Waters specialises in advising fintech clients on corporate transactions, including M&A and joint ventures. Among recent highlights, the firm is advising Monument Corporation on the development, procurement and launch of its digital bank.

Testimonials

‘The advice and approach Ashurst take is refereshingly interested and engaged, and we get a sense that they really enjoy their work. Regulatory advice is real-world and practical; tax advice is robust; contracts are balanced and achieve the goals of the parties. As such, they are our go-to lawyers for anything tech-related.’

‘The team at Ashurst understand technology in its practical application and have extensive experience of working with technology startups and the challenges they face, as well as having a broad number of mature clients.’

‘Great combination of technical expertise and appreciation of the commercial, ‘real world’ context.’

‘David Futter is a very effective negotiator, balancing both technical and commercial requirements.’

‘Tara Waters is what you want as a lawyer: experience of having worked in tech prior to becoming a lawyer, being a really smart lawyer too, and being totally engaged with next-generation tech and market trends.’

Key clients

Checkout.com

Untied

Alice SI Ltd

Securitize Inc.

Paycasso

Monument Bank

Nomisma Exchange

Goldman Sachs Marcus

Asto Digital

Nomura

World Pay Group

Saxo Capital Markets

Outrun Venture Partners

Crypton Digital Assets

CCX Holdings Limited

Work highlights

  • Advised Outrun Ventures, led by prolific angel investors Chris Adelsbach and Tariq Khan, on the establishment of its first VC fund.
  • Advising Paycasso Verify on its leading digital customer verification solutions, which are used by multiple financial institutions and also currently by the NHS to manage the UK’s COVID 19 pandemic repsonse.
  • Advising Goldman Sachs on its digital retail bank, Marcus by Goldman Sachs. Post-launch the Ashurst fintech team remains involved in various major mandates as the bank delivers the next phases of its strategic development roadmap for the new digital product.

Baker McKenzie

Baker McKenzie acts for a full range of fintech clients, including global banks and well-known start-ups, in relation to their corporate transactions and technology projects, displaying particular expertise in blockchain matters. Sue McLean advises clients on the regulatory aspects of new technology projects, such as cloud computing, blockchain and more. Mark Simpson specialises in financial services regulation in the UK and EU, including MiFID II and securities and investments regulation relating to DLT and cryptoassets. Caitlin McErlane and Philip Annette joined the firm in 2019 from Sidley Austin LLP and Allen & Overy LLP, respectively. Sarah Williams is a standout associate in the practice group.

Practice head(s):

Sue McLean; Mark Simpson

Other key lawyers:

Sarah Williams

Testimonials

‘Baker McKenzie are our go-to lawyers in this area. They are efficient, intelligent, on top of the emerging trends in fintech, and very supportive. In particular, I have appreciated their willingness to engage in small as well as large projects, developing a growing understanding of our business and needs.’

‘Sue McLean is a true expert in fintech. She is intelligent, enthusiastic, commercial and able to explain complex issues in a straightforward manner. Her commitment to training and seminars in this area, and across the fintech industry is so helpful. From a blockchain perspective, she has so much experience and insight into the best ways to contract for all manner of projects in this area – which is invaluable.’

‘The team at Bakers is very strong. In addition to a very considered approach, commerciality is at the forefront of their work.’

Key clients

Deposit Solutions

Ebury

HSBC

Veridium

Finbourne

Work highlights

  • Advising Ebury on regulatory issues in the UK, EU and globally for its expansion of business into new markets.
  • Playing a key role in advising Deposit Solutions on the legal and regulatory framework for the roll out of its product range across Europe.
  • Assisting Finbourne, the fast growing fintech start-up, with the management of all legal aspects of their business.

Bird & Bird LLP

Bird & Bird LLP is particularly well-versed in payments, open banking, blockchain and crowdfunding work, covering a range of corporate, commercial and regulatory matters. The firm's expertise in payments is very strong and includes advising companies on PSD2, the EU Interchange Fee Regulation, the EU Cross-Border Regulation and other critical pieces of regulation. Christian Bartsch has a strong track record of advising clients on strategic alliances and technology outsourcing arrangements. Trystan Tether often advises clients on projects involving mobile payments, remote banking, electronic cash and payment card schemes. Jonathan Emmanuel specialises in assisting clients with the development of disruptive technology, such as blockchain and cloud computing. Of note, the firm is currently retained to advise Revolut on EU and UK payments regulation.

Other key lawyers:

Jonathan Emmanuel

Key clients

Mastercard/ Vocalink

easyJet

Revolut

Stripe

Amadeus

UK Bank

Booking.com

Alpha FX

Work highlights

  • Advisd Ernst & Young on the establishment of a joint venture with Guardtime, one of the world’s leading blockchain solutions companies, which is set to transform the $30bn global marine hull insurance industry.
  • Advising Stripe on payments regulatory issues in Europe, including PSD2.
  • Advising one of Mastercard’s subsidiaries in the UK, Vocalink, on various regulatory matters, including PSD2 and GDPR compliance.

DLA Piper

'Practical and knowledgeable', the team at DLA Piper acts for investment and challenger banks, investors, asset managers and broker-dealers in a variety of fintech matters. The firm's range of work is broad, however the group has particularly strong expertise advising clients on blockchain projects, assisting companies with expansion into new territories and handling corporate transactions, such as funding rounds. Martin Bartlam specialises in advising clients on technology solutions for emerging and traditional funding structures, and assisting clients with the development of new digital platforms, such as digital exchanges. Anthony Day is advising fintech clients on the development of tech projects, including blockchain, cryptocurrency and AI projects. David Cook joined the firm's Manchester office in early 2020 and advises on contentious cyber security and data protection matters.

Practice head(s):

Martin Bartlam; Anthony Day

Other key lawyers:

David Cook

Testimonials

‘A clear understanding of the payments industry. Approachable team dedicated to delivering exceptional quality.’

‘The team brings financial services and technology expertise together to provide effective and pragmatic advice and support, enabling timely, informed, risk-based decision making.’

Key clients

Archax

10x Future Technologies Services Limited

Jaja Finance Ltd

Luther Systems

Liverpool Victoria Friendly Society Limited (LV)

Cavmont Bank Limited

Standard Chartered Bank

Global Digital Finance (GDF)

Tokeny

The Hartford Steam Boiler Inspection and Insurance Company/Munich Re Ventures

Work highlights

  • Advising Archax on the establishment of an institutional grade exchange for trading digital assets in the UK.
  • Advised LV on a strategic digital transformation project.
  • Advising Jaja Finance, on their £20m Series A Extension, in conjunction with their £530m acquisition of the Bank of Ireland’s credit card portfolio with a consortium of investors, including Centerbridge, KKR, Silverstripe and Celeres.

Fieldfisher

Fieldfisher advises major technology companies acquiring or investing in fintechs, financial firms adopting fintech solutions, and start-ups seeking broad regulatory and commercial support. Particular areas of expertise include regulatory matters, corporate fundraising, open banking and cloud outsourcing. Simon Briskman has a wealth of experience in complex outsourcing projects, the adoption of AI, mobile apps and commercial arrangements underpinning fintech projects. James Walsh specialises in telecoms, technology, e-commerce and outsourcing projects. Stephen Moller stands out for his knowledge of fintech funding platforms. Marsili Hale is a go-to partner for companies in the alternative finance and P2P markets seeking advice on issues including finance structures and service agreements.

Practice head(s):

Simon Briskman

Key clients

Cognizant

Atom Bank

Milvik t/a BIMA

Glory Global Solutions (International) Limited (GGS)

Silicon Valley Bank

Union Bancaire Privée

Tungsten

Greensill

Work highlights

  • Advised Glory Global Solutions on its $223m acquisition of 80% of Acrelec Group SA.
  • Advised Atom Bank on the first core banking deployment to the Google Cloud including EBA and FCA compliance; and privacy and technology contracting risk assessment and negotiation.
  • Advising Tungsten on recoverability of receivables through its Early Payment System.

Mayer Brown International LLP

Mayer Brown International LLP's 'practical and knowledgeable' team advises banks, asset managers, start-ups and other clients in the fintech sector on product launch issues, corporate and commercial arrangements, cloud outsourcing, financial services regulation and various other aspects of their business operations. Mark Prinsley has expertise in IT law, IP, data privacy and outsourcing, among other areas. Oliver Yaros predominantly advises clients on technology and outsourcing transactions, including digital transformation projects. Chris Chapman, who joined the firm in 2019 from Freshfields Bruckhaus Deringer LLP, specialises in financial services regulation, litigation and enforcement matters.

Practice head(s):

Mark Prinsley

Other key lawyers:

Chris Chapman; Oliver Yaros

Key clients

BNY Mellon

HSBC

Previse

The Bank of New York Mellon

Grant Thornton

T Rowe Price

PayPal

Work highlights

  • Advising Previse on the innovative legal framework that supports its business model and on IP and data privacy rights .
  • Advising a leading provider of online consumer personal loans on a blockchain solution.
  • Advising key consortium member, PayPal, in relation to the proposed Libra cryptocurrency.

Osborne Clarke LLP

Osborne Clarke LLP's fintech group advises financial institutions, growth companies and start-ups, bringing particular expertise in IT outsourcing projects, payments law, open banking and cryptocurrency matters. The firm also has strength in assisting fintech clients with corporate transactions and VC investments. Kate Johnson has experience working with clients across the payments industry in relation to regulatory compliance and the structuring of documents facilitating payments projects. Paul Anning assists clients in the payments sector with product development, regulatory changes and other aspects of their operations in the UK and overseas. Mark Taylor is well-versed in commercial outsourcing and IT projects.

Practice head(s):

Kate Johnson

Other key lawyers:

Paul Anning; Mark Taylor

Testimonials

‘The team works very well and their knowledge of the payments and FinTech sector is unparalleled. They are very client driven and mold their approach to their clients needs. ‘

‘The individuals we work with at Osborne Clarke are very solutions oriented and don’t flag problems, but always potential solutions to a problem.’

‘Paul Anning is a leading expert in his field, approachable and builds a great rapport with clients.’

Key clients

HSBC

JPMorgan

Wirecard

Vocalink

Token

Plaid Financial Ltd.

GoCardless Limited

iZettle AB

Computershare

Hargreaves Lansdown

Work highlights

  • Advised Wirecard on the implementation of many aspects of regulatory changes stemming from PSD2, notably around strong customer authentication and open access.
  • Advised Airbnb Payments UK on all payments matters, including those related to regulatory changes such as PSD2 and the AMLD5.
  • Advised JPMorgan Chase Bank on its implementation of PSD2.

Pinsent Masons LLP

Pinsent Masons LLP's London-based fintech group provides comprehensive support on open banking, alternative payment services, and the use of AI in the financial sector work, often working with colleagues throughout Scotland and other locations across the UK. The firm also has notable expertise in the area of digital IDs and its application in the fintech sector, demonstrated by its involvement with the Open Identity Exchange. Yvonne Dunn advises banks, start-ups and technology companies on issues relating to open banking, cloud services, AI and various other fintech developments. Angus McFadyen focuses primarily on advising banks (HSBC) and payment services (Yolt) on large-scale joint ventures and outsourcing projects. Luke Scanlon handles commercial agreements between fintech companies, including APIs and data protection arrangements. Andrew Barber, who joined the firm in February 2019 from Womble Bond Dickinson (UK) LLP, leads the financial services regulatory team.

Practice head(s):

Yvonne Dunn

Testimonials

‘A personable team who had a solid grasp of our requirements, impact to customers and market intelligence. They worked to agreed timescales and responded in a timely way.’

‘For us, the fintech practice at Pinsent Masons is spot-on. The team is very knowledgeable, business-focused, pragmatic and open in communication. Pinsent Masons really understands the field that we operate in, the powers at hand, the market, regulators and the environment in general. They always takes a hands-on approach. That works very well with the legal people but also the businesspeople in the back. Compared to other firms I think Pinsent Masons has a boutique level best-in-class knowledge in fintech, finance & IT, but they feel approachable as if they are a dedicated small firm only for our company. So that is the best of both worlds.’

‘A key strength of the Pinsent Masons team is how close they are to the innovation ecosystem and to the variety of key stakeholders across the fintech community (startups, banks, regulators policymakers, and investors). This has enabled them to have a great perspective on how technology is being used and applied all across finance, especially given the incredible pace of chance. They are able to offer advice that reflects how the industry is changing and bring value to many different clients. Personable, professional, knowledgeable, and trustworthy.’

‘Angus McFadyen has walked along with us while we are building our company and gently helped and steered us where needed. He has proven to be a key player. Andrew Barber has been our adviser on our applications with the FCA and structuring our regulatory landscape. Both are key people in supporting our company and highly trusted and appreciated advisors and could not be missed.’

Key clients

OIX

Multiply AI

C Saver

FDATA

Meniga

RBS

Tesco Bank

Clydesdale Bank

Visa

Capita Scaling Partners

Pay.UK

ING Bank / Yolt

Royal Sun Alliance / RSA

Indigo Michael/Consents Online/Account Score

Zurich

TISA

Fintech Scotland

Work highlights

  • Advising a global insurer and Multiply AI on two of the first large scale AI implementations in customer front office services, including the launch of a new app delivering financial advice at scale and reduced cost, to improve access to advice for the majority of the adult population.
  • Advising OIX on its development of digitial ID infrastructure in the fintech and financial services industries.
  • Advising  FDATA in relation to lobbying on all of the key issues which impact open banking businesses in the UK.

Simmons & Simmons

Simmons & Simmons' 'pragmatic and imaginative' team advises clients in all of the core areas of fintech, including payments, blockchain and digital banking. The firm's expertise in M&A and project development work in the field is particularly standout, with recent examples including advising BlackRock and HSBC on large-scale matters. 'Outstanding' Angus McLean advises clients in the financial services industry on a wide range of regulatory issues, and Penny Miller specialises in advising fintechs on financial services regulation, including foreign exchange laws, MiFID II and passporting matters. David Parkes is an expert in corporate transactions.

Practice head(s):

Angus McLean

Other key lawyers:

Penny Miller; David Parkes

Testimonials

‘As a start-up fintech company it is hard to get exceptional legal advice, however, Simmons & Simmons’ bespoke advice and help has added genuine value to our company on all fronts.’

‘Everyone in the team we work with is great and has a wealth of knowledge. Special thanks to Angus McLean, whose genuine enthusiasm and interest for all things fintech is contagious.’ 

‘Deep commitment to the fintech space, including a willingness to invest in technical understanding in order to enhance their ability to advise.’

Key clients

Ant Financial

Augmentum

British Business Bank

Coinbase

Cuvva

EdAid

Endava

Funding Circle

GoCompare

Greensill

Hargreaves Lansdown

HSBC

iwoca Limited

Landbay Partners

Legal & General

LendInvest

Macquarie

Moody’s

Monzo

Origin Primary

Suade

Work highlights

  • Advised BlackRock on its $1.3bn acquisition of eFront from Bridgepoint.
  • Served as consortium counsel to all 11 consortium members (including HSBC, Standard Chartered Bank and BNP Paribas) on the launch of Contour – a new blockchain based trade finance platform.
  • Advising Coinbase on the roll-out of its services across over 100 countries.

Addleshaw Goddard

Addleshaw Goddard's fintech practice is particularly strong in the areas of payments and open banking, in which the team acts for incumbents, growth stage companies and start-ups. Fiona Ghosh has notable expertise in procurement, outsourcing, strategic alliances, joint ventures and other commercial arrangements underpinning fintech projects. William James is often retained to advise clients on commercial deals in the payments arena, which includes assisting banks and major technology companies with the set up of new payment systems and payment processing. Amanda Hulme specialises in advising banks, industry bodies and payment companies on regulatory compliance with important directives such as PSD2.

Practice head(s):

Fiona Ghosh

Other key lawyers:

William James; Amanda Hulme

Testimonials

‘AG have consistently been an outstanding firm to work with. Their knowledge of our business, plus their work ethic, means that we get timely and accurate advice from them time and time again. On larger projects we will work with the AG team on a daily basis and an excellent relationship has evolved from this.’

‘The ability of the team to work effectively in a cross-functional manner enables them to bring the broadest possible support to fintech clients, spanning data, compliance, M&A, technology and various other areas.’

Key clients

FNZ (UK) Limited

Loyalty Angels trading as Bink

Rainmaking io

Halotrade

Airtime Rewards Ltd

Lendable

Nivo

Trezeo

Worrapay

The Card Processing Advisory Service Limited

Tumelo

OBR – Open Banking Reporting

PaySafe

Ratesetter

Revolut

WireCard

Oodle Finance

ShieldPay

Aareal Bank

NIBC Bank

Work highlights

  • Advising HSBC Commercial Banking on the beta launch of HSBC Kinetic, a new business banking service with a smart app designed to help businesses manage their finances easier.
  • Advising FNZ on its platform as a service agreement in respect of the provision of a regulatory compliant investment transaction and administration outsourcing services to a leading wealth asset manager.
  • We have been supporting PaySafe with its implementation of the open banking requirements under PSD2, which will enable access to third party providers.

Bristows LLP

Bristows LLP advises challenger banks, investors, SMEs, large financial institutions and various other clients on corporate transactions and the regulatory aspects of developing and using new technology, including blockchain, AI and payment services. Louise Eldridge specialises in assisting fintechs with M&A, venture capital transactions, joint venture projects and other corporate and commercial deals, often in relation to DLT, regtech and insurtech. Toby Crick is a go-to partner for fintech clients involved in large-scale IT and outsourcing projects. Marc Dautlich is an expert in financial services regulation, including PSD2 and the FCA Handbook. Senior associate Vikram Khurana advises clients on technology deals and outsourcing arrangements.

Practice head(s):

Louise Eldridge

Testimonials

‘I have worked most closely with Marc Dautlich. He has demonstrated tremendous patience in dealing with a high-growth U.S. technology company new to the UK market and the laws applicable to that market.’

‘Clear understanding of the technology and specifically fintech/insurtech market.’

‘Broad range of skills, good and cost effective advice.’

‘Louise Eldridge gives constructive advice and comment, co-ordinates the team well and runs transactions smoothly.’

Key clients

DNB Bank AsA

Itiviti

Uniface BV

VAKT

Optal Financial ltd

Quant Network

Eigen technologies

Latent Logic

Trade Information Network

Nordax Bank

Generation Investment Management

Core Logic

Aspen

Adthena

Work highlights

  • We acted for Quant Network on a number of corporate advisory matters, including governance and shareholder related matters as the business undergoes considerable organic growth.
  • Advised Eigen Technologies in connection with its £29m Series B funding round.
  • Uniface instructed us in proceedings against Citibank for overuse/infringement of its software.

Burges Salmon LLP

Burges Salmon LLP acts for fintech clients in corporate transactions, AI and blockchain projects, mobile payments, and more. Beyond representing private clients, the team occupies the unique position in the market of advising public sector and pseudo-governmental bodies on key payments infrastructure matters. Sarah Kenshall has a wealth of experience advising clients on software builds, procurement, and structuring new business models in order to make new forms of technology commercially viable. Mark Shepherd specialises in corporate transactions, including private equity and venture capital investments.

Practice head(s):

Sarah Kenshall

Other key lawyers:

Mark Shepherd

Testimonials

‘The lawyers are responsive, knowledgeable, approachable and speedy with their work.’

‘Sarah Kenshall is very good at analysis, and my go-to person for all personal data matters.’

‘The team, which includes corporate partner Mark Shepherd, provides an exemplary service which is on point every time, both from a legal and regulatory perspective, taking into account our commercial needs within the digital technology space.’

Key clients

Ascentric (Investment Funds Direct Limited)

Seven Summits Financial Limited

Villa Plus Limited

World First (UK) Limited

Think Money Limited

Honda Finance

Currency Global

Embark Group

Ordo

Phillips 66

Faster Payments

Rail Delivery Group

Work highlights

  • Advising the Embark Group, a Fintech company that offers digital retirement solutions to financial advisors, retail banks, wealth managers, and others, in two separate transactions, each with a (big-ticket) connected fundraising.
  • Advising Ordo, a recently-established innovative payment services solution provider, on in its corporate finance agreements with NBS Ventures, the venture capital arm of the Nationwide Building Society.
  • Representing the Faster Payments Scheme (the central infrastructure operator for internet and telephone banking) in setting up an AI-enabled platform that allows participating financial institutions to trace fraud through its system using data analytics and AI software, including providing advice on the Mule Insights Tactical Solution, an AI transaction analytics platform.

Charles Russell Speechlys LLP

Charles Russell Speechlys LLP is well-known for supporting start-ups and more established fintechs with all of the corporate, regulatory and technology aspects of their operations, with proven expertise in areas such as blockchain, payments, open banking and regtech. Mark Bailey specialises in IT contracting, cloud computing, data protection and outsourcing. William Garner advises a diverse range of clients engaged in the fintech sector on myriad financial services regulations. Kate Troup, who specialises in investment management and banking regulation, is currently advising several clients on PSD2 and its impact on their operations.

Practice head(s):

Mark Bailey; William Garner

Other key lawyers:

Kate Troup; Christina Fleming

Testimonials

‘Great overview of matters and willingness to offer industry wide observations and insights.’

‘Mark Bailey is always available and understands the pace at which our business needs to move. ‘I am always impressed by his ability to suggest simple, practical solutions/approaches to some of the most complex issues we face.’

‘Very obviously on top of their subject matter, they understand the needs of a growing fintech business like ours very well.’

‘The client relationship is genuinely viewed as a long-term partnership. The single point of contact approach coupled with access to specialists is a difficult balance, which CRS effectively strikes.’

Key clients

Coinbase

OneRagtime Platform Ltd

Duco Technology

Conferma

Kuende

Nxtera Ltd

Cheshire Datasystems Limited

Work highlights

  • Advised Coinbase on the UK launch of their innovative new ‘Coinbase Card’, a debit card allowing users to purchase goods using their cryptocurrency holdings.
  • Advised Whitespace on the market-wide roll-out of the Whitespace Platform, an end-to-end digital re-insurance trading platform intended to modernise and digitally transform the way that contracts of insurance are entered into between insurance brokers and carriers.
  • Advised Liquidnet Holdings, a cutting-edge financial technology solutions provider for institutional asset managers, on the acquisition of FinTech company RSRCHXchange, a platform for unbundled financial research.

CMS

Rated by clients as 'very commercial and responsive', the team at CMS has deep experience of corporate transactions in the fintech sector. The team is also well-equipped to handle crowdfunding and blockchain projects, outsourcing deals and cryptocurrency matters, including ICOs and STOs. Ian Stevens is retained by clients to assist with payments infrastructure, open banking, mobile commerce, cyber security and data privacy. Charles Kerrigan has particular expertise with regards to blockchain.

Practice head(s):

Ian Stevens

Other key lawyers:

Charles Kerrigan

Testimonials

‘The quality of the work is top notch and allows us to negotiate with the top investment banks in the world.’

‘The corporate advice goes beyond the purely legal and CMS gives us abundant advice with regards to our position and any pitfalls we have to look out for.’ 

‘CMS has a valuable start-up package which makes a firm of this caliber affordable to us and which includes special free information sessions on topics that are relevant for firms like ours.’

‘We have always found the team at CMS to be exemplary in both their approach to business, their knowledge and understanding and their attention to detail.’

Dentons

Dentons advises clients in the financial services sector, including retail banks, payment platforms and start-ups, on corporate transactions, commercial agreements, technology development and regulatory compliance. Technology lawyer Martin Fanning has experience acting for fintechs in relation to procurement, outsourcing and partnership arrangements. Financial services specialist Jonathan Garforth has notable expertise advising banks, disrupters and investors on open banking, payments, electronic money and P2P lending. Tristan Jonckheer specialises in advising fintech clients on agreements underpinning new technology platforms. Antonis Patrikios joined the firm from Fieldfisher in 2019.

Testimonials

‘Jonathan Garforth is impressive on all fronts: with clients, with other lawyers, with his team. He galvanizes his team so well.’

Key clients

WorldFirst (Ant Financial and Alipay)

Multi-Service Technology Solutions, Inc

Firserv (formerly First Data)

John Lewis

Work highlights

  • Advising World First on its strategic acquisition of the CurrencyVue technology platform as part of its mission to create the world’s best platform for global payments.
  • Advising Multi-Service Technology Solutions on its partnerships with IATA, SCB and UATP, particularly in connection with IATA EasyPay.
  • Advising a well-known high street bank on the acquisition of a digital current account provider and building a digital bank to take on fintech disrupters such as Monzo.

Fox Williams LLP

Fox Williams LLP's 'very practical and responsive' team advises young start-ups, growth companies and fintech investors on corporate transactions, product development, IP, financial services regulation and various contentious matters brought by bodies such as the FCA. Jonathan Segal's expertise in the sector is broad, however he is particularly strong in the field of P2P lending, where he currently advises over 18 platforms on the FCA application process. Chris Finney frequently advises fintech clients on corporate, commercial and regulatory matters. Andrew Woolf is the firm's go-to partner for clients involved in M&A and fundraising rounds.

Practice head(s):

Jonathan Segal

Other key lawyers:

Chris Finney; Andrew Woolf

Testimonials

‘Excellent knowledge of the market place and sector. Commercial and timely advice. The team have spent time getting to know our business to ensure that the advice provided suits our business needs and appetite for risk.’

‘Excellent industry knowledge and experience across a strong team.’

‘Jonathan Segal stands out as a trusted adviser who provides commercial and prompt advice which is always commercial.’

‘I highly recommend Jonathan Segal. I have worked with him for about 4 years and his advice has always been excellent. I go to Jonathan both for standard drafting of agreements and for complex issues that need a bit of thought. He takes a practical approach, is realistic with delivery timescales and open to thinking differently.’

‘Jonathan Segal has superb commercial knowledge of the industry and is always extremely responsive and efficient.’

Key clients

Wagestream

eBay

Balderton Capital

ThinCats

Prodigy Finance

Yapily

Property Partner

Lending Works

Revolut

Nucoro

Digital Moneybox

ArchOver

DueDil

Go Car Credit

Virtu Financial

Pockit

Work highlights

  • Advised Allianz X, the digital investment unit of the Allianz Group, on its recent Series B investment in SafeBoda, a major African ride hailing platform that also offers various on-demand consumer and payment services based in Kampala, Uganda.
  • Advised ThinCats on several of the most high-profile peer-to-peer loans of 2019, such as a £10m loan to the Pyroguard group and a £10m loan to Dynamic Aerospace.
  • Advised award-winning, ‘API Only’ technology provider Yapily Ltd on its latest funding round, co-led by LocalGlobe and HV Holtzbrinck Ventures.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP fields a 'pragmatic and responsive' team that has particular strength in assisting fintech clients with corporate transactions and commercial arrangements, including M&A, fundraising and partnership agreements. The team has further expertise in financial services regulation, data protection, cyber security, IP and other relevant areas. Nick Pantlin regularly advises clients on various fintech projects and transactions, including procurement, cloud outsourcing, e-commerce and data protection matters. Caroline Rae advises corporates, financial institutions and investors on their transactional activity in the fintech industry. Associate Rich Woods frequently assists Rae with major corporate transactions. During 2019 the team enhanced its bench strength with the addition of a number of junior associates.

Practice head(s):

Nick Pantlin; Caroline Rae

Testimonials

‘HSF is a high quality legal team with excellent commercial insight. In my experience, this is a rare quality and significantly shortens negotiations and keeps the work to the handful of material points.  As a legal firm, the service, quality of staff and responsiveness are first rate.  The firm also has a number of high quality departments that can be wheeled in at short notice to assist with specialist topics such as competition law.’

‘As sole counsel I hugely appreciate the firm’s pragmatism and willingness to provide full support. The firm has strength in depth in fintech and broader FS/regulatory matters.’

‘I find HSF more focused on practical solutions, more willing to really get into the detail of a problem and often more innovative in finding a solution than other firms.’ 

‘Overall I rate them highly since they can foresee problems and really add value to clients.’

Key clients

ClearBank

Tandem Money

LendInvest

11:FS

Huozhi

The Big Exchange

Caple

EML Payments

Optal Limited

AxiCorp

FNZ Group

Block.One

Moneysupermarket

Lloyds Banking Group

TSB

BNPP

Credit Agricole

UBS

Santander

The Bank of N.T. Butterfield & Son

Work highlights

  • Advised digital challenger bank Tandem on a £30m fundraising from its existing shareholders and from Pollen Street Capital, and on the simultaneous acquisition of the Allium Lending Group.
  • Advised EML Payments on its £226 million acquisition of Prepaid Financial Services Limited, a prepaid product provider, e-money issuer and financial technology supplier.
  • Advised Optal Limited, a world leader in optimising B2B transactions, on its sale to WEX Inc., a leading financial technology service provider.

Travers Smith LLP

Travers Smith LLP's fintech team has particular strengths in technology product development and payments systems infrastructure projects, utilizing the firm's broader expertise in financial services, technology and corporate transactions. Dan Reavill is known for advising clients on the technology aspects and regulatory challenges of developing and setting up new payment services, trading platforms and other fintech products in the UK market. Louisa Chambers specialises in technology, IP and data protection law, however her experience also includes advising clients on PSD2 requirements and payments infrastructure. Also recommended are James Longster and senior consultant Mark Evans, who specialises in payments law.

Practice head(s):

Dan Reavill

Testimonials

‘Dan Reavill is flexible, commercial in his approach and always extremely helpful.’ 

Key clients

Ambassador Theatre Group (ATG)

Request to Pay (managed by Pay.UK)

Paymentsense

Pirum Systems

Legl

Access

Faster Payment Services

Bacs Payment System

WorldRemit

Auto Trader Group plc

Peak Business Insight Limited

Work highlights

  • Advised Paymentsense on multiple business-critical contract and data issues.
  • Advised Pay.UK on the new “Request To Pay” initiative which will be rolled-out as an alternative to direct debits.
  • Advised WorldRemit on its agreement to raise $175m in a Series D funding round led by returning investors, TCV, Accel and Leapfrog Investments.

Gowling WLG

Gowling WLG's fintech team primarily advises clients on investments, commercial contracts, platform structuring, regulatory issues and IP. David Brennan is a name to note for fintech M&A and equity transactions, including IPOs and secondary fundraisings. Ian Mason frequently advises clients on the financial services regulation governing ICOs, crypto-assets and blockchain projects. Jocelyn Paulley primarily advises start-ups in the retail sector on commercial, IT and outsourcing arrangements, as well as data protection matters.

Other key lawyers:

Jocelyn Paulley; Shushil Kuner

Testimonials

‘The team has a great mix of former regulators and pure lawyers, so offers a breadth of knowledge and a good balance of legal and practical experience.’

‘Ian Mason: a former FCA regulator, now providing high level regulatory guidance in the fintech space.’

‘Sushil Kuner – another former regulator with a great network and strong technical and social skills.’

‘David Brennan is smart, efficient, personable, very responsive and commercially minded.’

Key clients

Draper Esprit plc

Nebulous, Inc.

Mercia Asset Management

LiquidityEdge

Reorg Research

Klarna Bank

Work highlights

  • Advising Klarna Bank on various consumer credit and product design matters, as well as IP issues.
  • Advising Draper Esprit on a wide range of matters, including funding rounds and investment.
  • Advising Nebulous Inc on the regulatory aspects of an ICO in Europe.

Orrick, Herrington & Sutcliffe (UK) LLP

Orrick, Herrington & Sutcliffe (Europe) LLP's 'incredibly knowledgeable and experienced team' excels in corporate transactions involving unicorns and major fintech clients, such as Revolut. In support of its busy transactional work, the team has additional expertise in financial services regulation, cyber security, data privacy and blockchain projects. Jacqui Hatfield specialises in advising fintech companies on regulatory issues, particularly in the areas of blockchain and crypto-assets. Shawn Atkinson focuses on M&A and corporate finance, including PE and VC investments into fintech companies. Chris Grew advises technology companies on the commercial and regulatory sides of their operations.

Testimonials

‘Easily the best team for advising on venture capital investments in technology companies in Europe.’

‘Jacqui Hatfield has a very special quality as a regulatory lawyer of being commercial and a good communicator. I would recommend her to anyone seeking regulatory advice in the fintech sector.’

‘Chris Grew is just incredible, and is so knowledgeable in this space.’

‘Shawn Atkinson is extremely commercial and is particularly good for M&A deals.’

Key clients

9fin

ABN Amro Ventures

Bought By Many

Cathay Capital Private Equity

Currency Cloud Group Limited

Ebury Partners UK Ltd

Ecurrency

Fidel Limited

Finverity Ltd

Flatfair Ltd

Griffin Financial Technology Limited

Kennet Capital Partners

Kinnevik

Microsoft Corporation

Moneybox

MoneyFarm

Nivaura Limited

OakNorth Bank Limited

Oval Money Ltd

Propcoin

Property Partner

Revolut

Satispay S.p.A.

Skew

Sweatcoin

The Reserve

TransferGo

Vostok Emerging Finance Ltd.

WIREX

Work highlights

  • Advising Wirex on all legal matters including UK and US regulatory matters.
  • Advised both Stripe and Goodwater Capital on a $145m Series F financing round in Monzo, a U.K.-based challenger bank, bringing Monzo’s valuation to $2.5bn.
  • Advised Fidel on its $18m Series A financing.

Taylor Wessing LLP

Taylor Wessing LLP has particular strength in advising fintech companies on corporate transactions, including fundraising rounds. Charlotte Hill focuses on advising clients on the EU directives and regulations affecting their operations, including the PSD2, e-money legislation and the FCA Handbook. Angus Miln specialises in corporate transactions in the technology sector, and Graham Hann is known for advising clients on the drafting and negotiation of contracts facilitating blockchain projects and outsourcing arrangements, leveraging his expertise in technology law. Jonathan Rogers and Adrian Rainey left the firm in 2019 to join Jones Day and Goodwin, respectively.

Practice head(s):

Graham Hann; Charlotte Hill

Other key lawyers:

Angus Miln

Testimonials

‘Angus Miln is an excellent lawyer and business partner – he is strategic and well connected and passes on the invaluable benefit of his experiences in fundraising and transactional work.’

Key clients

Monzo

Nutmeg

MoneyFarm

Receipt Bank

Curve

Tide

Call Sign Limited

Thought Machine Group Limited

Trussle

MarketInvoice

Mobility Trader

MoneyFarm

Work highlights

  • Assisting Thought Machine Group Limited in developing its proprietary cloud-based core banking platform, Vault.
  • Advised longstanding client digital bank Monzo on its £113m Series F fundraising round.
  • Advised Call Sign on contractual negotiations and regulatory aspects in relation to their AI solution to provide banks and other financial institutions with fraud protection.

Wiggin LLP

Wiggin LLP advises a wide variety of clients on corporate transactions, commercial arrangements and the regulatory aspects of product development, showing particular expertise in data protection and cyber-security matters. In particular, the firm often assists clients with the development of new products and the expansion into new territories. Alan Owens specialises in litigation and preemptive measures in the technology sector. Associate Christina Henry has a wealth of experience in data protection matters.

Practice head(s):

David Naylor; Alan Owens

Other key lawyers:

Christina Henry

Testimonials

‘The team are quick to pick up issues and provide creative solutions to very difficult corporate matters.’

Key clients

Worldpay

Rakuten

Thomsons Online Benefits

Jaguar LandRover

Tessian

Duedil

Beauhurst

Vizolution

RightIndem

Lenny

Eligible.ai

MyO Receipts

Safecharge

iPipeline

Seneca Gaming Corporation

Work highlights

  • Advising Worldpay on a range of regulatory matters, including the regulatory status of products/services under multiple different jurisdictions with their own financial services regimes.
  • Advising Tessian on IP matters, data protection and compliance.
  • Advised Beauhurst on various matters, including M&A, corporate, commercial agreements, finance, IP, tax and data protection.

Womble Bond Dickinson (UK) LLP

The fintech team at Womble Bond Dickinson (UK) LLP specialises in projects involving payments, DLT, data exploitation, market infrastructure and more. The firm supports start-ups through its WBD Accelerate programme, which provides legal support on the regulatory, corporate and commercial aspects of setting up new business ventures and developing new fintech products. Alastair Mitton focuses on large-scale technology procurement, outsourcing and licensing agreements in the financial services and insurance industries. Ben Butler is the name to note for corporate transactions in this space.

Practice head(s):

Alastair Mitton

Other key lawyers:

Ben Butler

Testimonials

‘Alastair Mitton is approachable, pragmatic, commercial, and it genuinely feels that he cares about the success of our start-up. He has offered great advice, pragmatism on pricing, a speedy service and is easy to engage with.’

‘One of the reasons we selected WBD was their straightforward approach and advice – compared to a larger firm that wanted multiple meetings before they got going on work – Alastair achieved the same results in 1.5 hours.’

‘Alastair Mitton has one eye on our budget and one eye on what gaps we have in our experience that we need him to fill. The result is a superb quality service, that feels it is tailored to our needs rather than one size fits all. Alastair is speedy to respond which has been invaluable for a start-up venture like ourselves.’

Key clients

LV

Atom Bank

TSB

British Pearl

Work highlights

  • Advising Post Office on its contractual arrangements with a systems integrator prime contractor with a banking sub-contractor for multiple services in relation to Post Office Card Accounts.
  • Advising Invest and Fund, a P2P lending platform, on updates required to its standard terms and conditions regarding dealings with lenders, investors and borrowers.
  • Advising Atom Bank on all its IP matters, including whether its new technology and brand strategy can be protected by a patent.

Browne Jacobson LLP

Browne Jacobson LLP fields a 'proactive and flexible' fintech team that focuses on advising fintech clients and investors on commercial agreements and corporate transactions. Jon Snade is well versed in advising fintech clients on all forms of corporate transactions, including M&A, private fund investments, management buyouts and joint ventures. Declan Cushley specialises in commercial and IP arrangements in the field. Murdoch Currie joined the team in 2019 from Bryan Cave Leighton Paisner LLP.

Practice head(s):

Jon Snade; Declan Cushley

Other key lawyers:

Murdoch Currie

Testimonials

‘Jon Snade is a trusted adviser of choice for all things financing.’

‘The main differentiator is the technical knowledge of the team in our sector – blockchain technology.’

‘I am a specialist in InsurTech and Browne Jacobson are pretty unique in having a practice that knows this market and can advise both start-ups at one end and insurers and investors at the other.’

Key clients

Hastee Pay

Digital Fineprint

Laka

Equals Group

Hiscox Insurance

Brokertech

Eos Venture Partners

Enro Holdings (t/a Digital Risks)

Coconut

Weld

Payvision BV

Work highlights

  • Advising Hiscox on the commercial agreements between Hiscox and Barclays Bank in relation to the IT arrangements required to facilitate insurance distribution arrangements for the provision of Hiscox home insurance products to Barclays Bank’s premium customers.
  • Advising Equals Group on multiple matters including the acquisition of Hermex International Limited, an international payments business, and the acquisition of Casco Financial Services Limited, a UK based payment services provider.
  • Advising Hastee Pay on securing £200m of debt funding, and a share exchange and £8m of new equity investments.

Mills & Reeve LLP

Mills & Reeve LLP acts for fintech clients, including payment companies and wealth management platforms, in relation to corporate and commercial arrangements. Kevin Calder has experience advising clients on commercial matters and IT law; Stephen Hamilton specialises in equity capital markets and corporate finance; and Peter Wainman advises clients on IT and data protection issues.

Practice head(s):

Kevin Calder

Other key lawyers:

Stephen Hamilton; Peter Wainman

Testimonials

‘They work seamlessly in the background and always seem well-informed.’

‘The team provides practical, solid advice coupled with transparency.’

Key clients

Paypoint plc

Bango plc

Premia Solutions Limited

Brady plc

Receipt Bank

Financial Conduct Authority

Bluestone

Validus IVC

Eckoh plc

Randall & Quilter Investment Holdings

IQ Capital

Work highlights

  • Advising Bango on a range of commercial agreements and corporate transactions.
  • Advising Paypoint on corporate, commercial and regulatory matters.
  • Advising Receipt Bank on commercial contracts and data protection matters.

Pillsbury Winthrop Shaw Pittman LLP

Pillsbury Winthrop Shaw Pittman LLP handles commercial and regulatory matters for fintech clients, focusing predominantly on payment companies using cryptocurrencies. James Campbell advises start-ups and financial institutions on the regulation and licensing of digital trading platforms and the structuring of ICOs. Deborah Thoren-Peden specialises in payments and DLT.

Practice head(s):

James Campbell

Other key lawyers:

Deborah Thoren-Peden

Key clients

First Global Credit

Augment Partners

Vistaar

Blockchain

Global Voice AS

Alibaba Coin

Verseon

Work highlights

  • Advised XBT Corp Sarl/First Global Credit in relation to reaching a settlement with the SEC and CFTC for offering and selling unregistered security-based swaps to US investors using bitcoin and for failing to transact its swaps on a registered national exchange.
  • Advised GlobalVoice on a fundraising to finance the development of Project UBU, the world’s first token of exchange which is airdropped to participants registered on the platform with the tokens representing a value at the registered vendors as terms of payment for goods and services.
  • Advising Verseon on the regulatory aspects of their ground-breaking security token offering and the development of blockchain technology to create a new funding model.

Squire Patton Boggs

Squire Patton Boggs primarily advises clients on corporate transactions, including investments and funding rounds in the fintech space. The team shows additional expertise in tax, IP, competition and employment law. Robert Bray is the firm's go-to corporate partner for fintechs involved in M&A, joint ventures and various other deals. Miriam Lampert specialises in employment law.

Practice head(s):

Robert Bray

Other key lawyers:

Miriam Lampert

Key clients

Citigroup

TP ICAP Plc

Broadridge

Contis Group

Neptune Networks

Euronet Worldwide, INC

Monex Group

Transunion

Broadridge Financial Solutions

Tide

Work highlights

  • Advised Bank of America on the sale of its warrants in Earthport Plc to Visa in connection with Visa’s contested offer for Earthport Plc.
  • Advised TransUnion on the sale of its entire issued share capital to Credit Karma.
  • Advised Citi on a strategic investment in high growth technology company OilX Limited.