FinTech

Experience

  • Financial Institutions FinTech M&A

    • Artificial Labs, an insurtech company, in its joint venture with Apollo Underwriting, in respect of their smart follow collaboration.
    • Artificial Labs, an insurtech company, in its £8 million Series A+ funding round.
    • Kaspi.kz, a leading payments, marketplace and FinTech platform in Kazakhstan, in its $1 billion U.S. IPO.
    • MTech Capital in its insurtech follow-on investment in Thinksurance, a consultation platform for commercial and industrial insurance based in Germany.
    • MTech Capital in its investment in digital health platform Peppy Health, as part of a Series B funding round.
    • MTech Capital in its insurtech investment in pet insurance provider Napo, as part of a Series A funding round.
    • Intact Financial Corporation, the largest provider of property and casualty insurance in Canada and a leading provider of global specialty insurance, in its minority investment in Cartan Trade, the French new credit insurance provider.
    • Baring Vostok Capital Partners in over $185 million of sales of global depositary receipts representing common shares of Kaspi.kz, the Kazakh tech and financial services company, through accelerated bookbuilds and block trades.
    • Intact in its investment in insurtech company Urban Jungle, as part of its Series A funding round.
    • BMO in its acquisition of Clearpool Group, a provider of holistic electronic trading solutions.
    • Prudential Financial in its $2.35 billion acquisition of Assurance IQ.
    • KeyBank in its acquisition of Laurel Road’s affinity-focused digital lending business.
    • AIA in its cornerstone investment in a Chinese healthcare online start-up, WeDoctor, and related preferred distribution arrangements.
    • Fifth Third Bank in a strategic partnership with, and a minority investment in, Bellwether Enterprises, a FinTech commercial mortgage and multi family provider.
    • FinTech startups, global banking institutions and payment providers on compliance with U.S. and EU anti-money laundering (AML) and sanctions laws and regulations, arising under federal and state law (including the requirements of the NY Department of Financial Services).
  • PE FinTech M&A

    • Bregal Sagemount in its strategic growth investment in Neptune Flood Incorporated, a leading digital insurtech platform and private flood insurance provider.
    • Total Financial Solutions (d/b/a Total Bank Solutions) in its merger with Reich & Tang Deposit Networks.
    • Oaktree Capital Management as a lead investor in the $890 million recapitalization of Patriot National Bancorp, parent company of a nationally chartered bank, in its merger with American Challenger, an entity formed in 2020 to establish a new digital national bank.
    • HealthEdge and its controlling shareholder, Blackstone, in the acquisition of The Burgess Group, an innovative payment integrity software company focused on improving healthcare payment operations through a cloud-based technology platform.
    • P2 Capital, alongside Silver Lake, in the $3.5 billion acquisition of Blackhawk, a global financial technology company.
    • A global private equity fund in its investment in iBoxChain, an online payments company in China, and subsequent portfolio management transactions.
    • HarbourVest Partners in its direct investment in an online payments services provider in China.
    • Capital Group in its investment in Go-Jek, an Indonesian hyperlocal transport, logistics and payments startup that operates a leading online delivery and ride-hailing platform in Southeast Asia.
    • Stone Point Capital in its significant equity investment in specialty insurance broker Alliant Insurance Services, with KKR retaining a significant equity investment in the business.
    • Carlyle and Conifer in the sale of Conifer Financial Services, an asset services firm, to SS&C Technologies.
    • Empowerment Ventures and its wholly-owned subsidiary UniRush, a prepaid debit card program manager in the sale of UniRush to Green.
    • Helios Investment Partners in the acquisition of a controlling stake in Interswitch, Nigeria’s largest electronic transaction switching and payment processing service provider, from several Nigerian banks.
  • Trading & Advisory FinTech

    • A crypto trading platform in an investigation by the California Attorney General into its operations and disclosures.
    • A VC firm in an investigation by multiple federal and state regulators into the collapse of the crypto trading platform FTX.
    • Apex Fund Services in its sale to Genstar Capital, a leading middle-market private equity firm.
    • Non-U.S. central securities depository and market participant on the structuring of its proposed D3 Ledger project and related legal issues.
    • A securities brokerage platform in an internal investigation into recent outage issues and responding to related regulatory inquiries.
  • Commercial FinTech

    • Ingenico Group, a leading seamless payment company, in its buyout of minority stake owned by Fosun International in Ingenico Holding Asia Limited.
    • Kelso & Company in its acquisition of Risk Strategies Company, a national insurance and benefits brokerage and risk management firm, from Kohlberg & Company.
    • An insurance industry company using technology to automate its underwriting process in insurance regulatory advice.
    • Ingenico in its €290 million acquisition of German payment services provider EasyCash.
    • Numerous financial services companies in the negotiation of technology agreements.
  • Consumer FinTech

    • A web3 marketplace in an investigation by the SEC regarding the legal and regulatory status of the marketplace.
    • Deutsche Bank, as financial advisor to Bottomline Technologies, a financial technology provider, in its sale to Thoma Bravo, valued at approximately $2.6 billion.
    • D1 Capital as the lead investor in a convertible preferred shares investment in XTransfer, a China-based FinTech company providing cross-border payment services.
    • Ant Group in its agreement to form joint ventures with Mail.ru Group, USM, MegaFon, and RDIF in payments and financial services.
    • A major international bank in a comprehensive AI risk assessment for their artificial intelligence programs.
    • Clayton, Dubilier & Rice and TRANZACT in the $1.3 billion sale of TRANZACT to Willis Towers Watson.
    • Marketplace Lending Association in its submission of amicus brief on behalf of a trade association for online marketplace lenders related to ongoing litigation in the State of Colorado.
    • A major insurance company in launching a pilot mobile application to provide participants with a savings account held via a third party bank.
    • FinTech startups, global banking institutions and payment providers on compliance with U.S. and EU anti-money laundering (AML) and sanctions laws and regulations, arising under federal and state law (including the requirements of the NY Department of Financial Services).
    • Advice on privacy and other regulatory issues relating to a mobile banking product joint venture.
    • iPayment in its $1 billion sale of the business.
    • Easycash, a payment services provider, in its internal restructuring.
  • Data Privacy and Security

    • Paysafe Group Plc in a putative class action complaint filed in the Northern District of California alleging violations of the California Consumer Privacy Act and related claims resulting from a data breach that may have exposed customer data.
    • A major FinTech company on a broad range of artificial intelligence and data privacy issues concerning their use of machine learning and big data technologies, including related to the Fair Credit Reporting Act, the Gramm-Leach-Bliley Act, and the DFS cybersecurity regulation.
    • A global Fortune 500 company in a $9 million cyber-enabled fraud involving one of its merchants.
    • A leading cybersecurity ratings company in AI, cybersecurity and data privacy advice and assistance.
    • A large mortgage securitization platform on cyber investigation and related litigation strategy.
  • FinTech Bank Acquisitions

    • A company in obtaining national bank charter and bank holding company registration for a FinTech company and structuring shareholder investments to be optimized for bank regulatory standards.
    • Edward Jones in obtaining an industrial bank charter.
    • Insurance companies and other financial institutions to evaluate the benefits and burdens of (1) partnering with banks, (2) forming a national bank and, (3) forming an industrial bank.
  • Digital Currency

    • Hypersphere Capital Management, investment manager of a Polkadot-focused cryptocurrency fund, and related entities in litigation with an investor regarding the payment of incentive compensation.
    • Tether, Bitfinex and related entities in a putative class action asserting Commodities Exchange Act, antitrust and fraud claims based on alleged manipulation of the price of cryptocommodities.
    • A decentralized finance (DeFi) platform in an investigation by the SEC into the legal and regulatory status of the platform and an associated crypto token.
    • Uniswap, its founder and venture capital firm Union Square Ventures in the successful dismissal of a securities class action related to tokens issued by third parties and sold on the Uniswap protocol.
    • The U.S. subsidiary of an international centralized crypto exchange in analyzing its U.S. regulatory risks.
    • A VC firm in a regulatory analysis of a token being released by one of the protocols in its investment portfolio.
    • Tether and Bitfinex in the successful dismissal of a class action related to alleged misrepresentations regarding the sufficiency of reserves for Tether tokens.
    • A Russian company in the analysis of the regulation and structure of an asset-backed ICO.
    • A Russian investment company on matters related to the creation of a cryptoexchange.
    • A digital currency exchange in an NYAG inquiry.
    • Ripple in a ruling against the SEC in the SDNY holding that Ripple’s digital token XRP is not a security or “investment contract” in many circumstances.
    • Large U.S. banks in policy, legal and regulatory issues regarding the development of cryptocurrency in the United States.
    • A global bank in a digital coin offering.
    • Providing regulatory and structuring advice regarding setting up a crypto-lending program.