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FinTech

FinTech
FinTech

There is no question that fintech has reinvented financial services. The pioneers of this transformation are now established financial services companies that have disrupted the market through the innovation of new fintech products. Whether you are seeking regulatory advice on a blockchain solution, strategic advice on partnering with a fintech company or looking to negotiate your fintech arrangements, Blakes has one of the top-regarded fintech practices in Canada, with a multidisciplinary team and deep bench strength. From e-wallets and cryptocurrency to robo-advisors, payment platforms and bitcoin, our lawyers have a thorough understanding of these and other fintech products to advise you on their regulation and risk. Blakes is equipped to help you evolve your fintech offerings, remain competitive in this space and take advantage of all that fintech has to offer. 

Recognized as a leading law firm by Chambers FinTech 2019, Blakes brings together Canada’s preeminent technology, financial services regulatory, capital markets, private equity, competition, M&A and intellectual property practices to provide the ideal combination of innovation and experience to guide you through the rapidly evolving landscape of fintech and leverage its opportunities. Having worked with several leading financial institutions and technology companies that have developed fintech products, our lawyers understand the different types of fintech products and applications to meet your sophisticated legal needs.

Our national and bilingual team advises clients at every stage of a company’s lifecycle, from start-ups to mature companies. We have a dedicated team of lawyers and patent agents focused on accessing innovation from all sources and at all stages of development.

Blakes Supports Innovation and Growth

In 2017, we launched Nitro powered by Blakes, an innovative program that provides access to top-tier legal services for emerging technology companies in the pre-seed to growth stage. The program is overseen by a team of Blakes lawyers and patent agents who have extensive experience working with start-ups. Several  companies in our program are developing fintech applications or software, and we advise them on a mix of corporate and commercial, corporate finance, corporate governance, intellectual property and regulatory matters. 

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Recent Experience

Mergers & Acquisitions, Corporate Finance

  • ATB Financial on the acquisition of the technology assets of Grow Technologies Inc.

  • Gypsum Management & Supply, Inc. on its C$800-million acquisition of WSB Titan from TorQuest Partners

  • Great Hill Partners on the acquisition of VersaPay Corporation

  • Lucara Diamond Corp. on its US$29-million acquisition of Clara Diamond Solutions Corp., a digital sales platform using cloud and blockchain technologies

  • Polymath on the establishment and launch of their Security Token Standard on the Ethereum blockchain

  • CI Financial Corp. on its acquisition of a majority stake in WealthBar Financial Services Inc.

  • EVO Payments, Inc. on its acquisition of Delego Software, a provider of best-in-class integrated payment solutions for merchants leveraging SAP’s ERP solutions

  • ​KOHO on its C$42-million series B investment round

  • TD Bank Group on its acquisition of Layer 6 Inc.

  • CI Financial Corp. on its acquisition of a majority stake in WealthBar Financial Services Inc.

  • PayPal Holdings, Inc. on its US$400-million acquisition of Hyperwallet Systems Inc.

  • Senso.ai on its initial structuring and seed investments led by Breakawaygrowth LLC

  • Financeit in connection with their launch of the “The Home Depot Project Loan” in partnership with Home Depot

  • Frontier Capital, LLC on its acquisition of Agreement Express Inc. and its subsidiary corporations through a plan of arrangement.

  • Stored Value Solutions, a subsidiary of FleetCor Technologies, Inc., on its acquisition of Buyatab Online Inc., as part of its expansion in the emerging digital gifting space

  • Rally Chain Technologies Inc. on the sale of substantially all of its assets to Finhaven Technology Inc.

  • Guangbo Group on its acquisition of a 26 per cent stake in Geoswift Asset Management Limited

  • Volkswagen Financial Services AG in connection with its acquisition of PayByPhone from PayPoint plc.

  • Imperva, Inc., a cybersecurity leader, on its acquisition of assets of Camouflage Software, Inc.

  • Dealnet Capital Corp. on its C$35-million acquisition of EcoHome Financial Inc. from Chesswood Holdings Ltd. and financing by way of a private placement of subscription receipts

  • Webtech Wireless Inc. on the sale of its issued and outstanding common shares to BSM Technologies Inc. pursuant to a plan of arrangement under the Business Corporations Act

  • IGM Financial Inc. on a US$50-million acquisition of preferred stock of Personal Capital Inc. with an agreement to invest an additional US$25-million in the following year

  • Morgan Stanley Capital Partners on the complex, cross-border leveraged acquisition of Access Cash Limited Partnership, a Canadian ATM operator

  • Cognizant on its acquisition of Idea Couture, a privately held firm that offers digital innovation, strategy, design and technology services

  • Galaxy Investment Partners LLC on an arrangement involving the business combination of Bradmer Pharmaceuticals Inc., Galaxy Digital LP and First Coin Capital Corp. to form a leading new enterprise in the blockchain, digital asset and cryptocurrency space

  • Evolve Funds Group Inc. on the initial public offering of the Evolve Blockchain ETF and preliminary prospectus filing of the Evolve Bitcoin ETF

  • Kik Interactive on its initial coin offering

Regulatory

  • SecureKey Technologies Inc. on its new product offering Verified.Me

  • Financeit in connection with its launch of a home improvement project loan, an innovative point of sale financing product that combines the features of a prepaid card, line of credit and instalment loan

  • Credit Karma, a free credit and financial management platform, with its expansion into Canada

  • Intuit Inc., a business and financial software company, on complying with Canadian regulatory law

  • CIBC on its services agreement with Borrowell Inc. and providing commercial and regulatory advice on its partnership with a FinTech — a first for a major Canadian bank

  • Iconomi on the establishment of a digital asset array management platform

  • Lenders on structuring e-commerce payment instalment plans

  • Retailers in structuring payment apps and payment processing programs

  • Issuers in structuring arrangements with program managers

Awards & Recognition

“Deep bench strength across the many aspects of banking and finance law and their ability to think strategically in alignment with our corporate objectives and priorities.”
Client comment, Chambers Canada: Canada’s Leading Lawyers for Business 2019

  • Chambers FinTech 2019
  • Who's Who Legal: Banking 2019 (FinTech)

  • Chambers Canada: Canada's Leading Lawyers for Business

  • The Canadian Legal Lexpert Directory

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