FinTech Legal Solutions for FinTech companies in Nigeria
Navigating the Complexities of FinTech Regulation
FinTech has revolutionized the financial services sector both in Nigeria and globally, with FinTech companies offering innovative solutions to traditional [banking] challenges which both banked and under-banked populations face. However, the rapid evolution of this sector demands robust legal strategies to ensure compliance, safeguard intellectual property, and manage all applicable legal and regulatory risk. It is thus crucial for FinTech operators to engage experienced legal counsel to help them navigate the ever-complex regulatory frameworks that govern the sector. Our lawyers at Kabbiz Legal & Advisory specialize in providing FinTech companies with the legal foundation to scale and thrive.
Our Legal Services for FinTech companies
Entity formation
We assist in helping companies that operate in the sector to comprehensively draft their objectives in their Memorandum and Articles of Association, then register their business es for them. This includes we preparing and filing all necessary entity formation documents, advising on share capital requirements, founders’ agreements, and ensuring their compliance with applicable regulations.
Intellectual Property Protection
We advise the companies in our portfolio on the registration and protection of their Trademarks, logos and catchy slogans. We further assist them to register all Patents for their innovative technologies – our work encompasses helping them draft the Patent application in the stipulated format and working to ensure registration of same so they are issued with Patent certificates. Furthermore, as they navigate working with numerous contractors and employees, we help them structure their software licensing agreements and advise them on protecting their copyrights.
Technology & Data Protection
We provide comprehensive legal support on Data Privacy Compliance, API Integration Agreements, Cloud Service Contracts, Payment processing Agreements; among others. We ensure that our clients’ technology stack receives the best legal protection available in order to reduce friction with third-party contractors and service vendors. Furthermore, we ensure that our clients comply with extant Data Protection Regulations for the personal data they process.
Startup Advisory and Fundraising Support
We provide Legal support for seed funding, venture capital, and angel investments into our clients’ companies. We also assist them with Equity structuring and shareholder agreements and advise them on mergers, acquisitions, and market exits where and when necessary.
Employment law support
In a fast-growing, fast-moving FinTech company, the company must have robust legal employment policies and practices in place. The reason is simple: it is often difficult to keep up with legal requirements in these entities as they usually have dispersed teams working remotely, and to different employment contracts. These can pose a challenge with regards to regulatory compliance, and that is where we come in with our expertise.
Corporate Structuring and Contracts
We help in structuring startups for investor readiness. We also advise on, draft and review service-level agreements (SLAs), partnership agreements, and vendor contracts. Finally, we advise our clients on cross-border joint ventures.
Corporate Governance
We help FinTech companies establish and maintain governance structures that inspire investor confidence, foster transparency, and ensure compliance with legal and regulatory frameworks in Nigeria. We advise clients Board composition and structure; we ensure there is a right balance of skills, experience and diversity on your Board. We can even elect to sit on your Board as non-executive [nominee] directors so we can advise you.
Furthermore, we help to draft and implement policies risk management and ethics, and guide your company on compliance with financial regulations to avoid regulatory penalties.
Let’s Help Your FinTech Business Soar
If you’re operating or planning to establish a FinTech business in Nigeria, let us provide the legal solutions you need to succeed. You can contact us on contact@kabbizlegal.com or contact our partner Kingsley Ani directly at +2348064231176.
Kabbiz Legal & Advisory – Trusted Partners for FinTech Success.
OUR PRACTICE AREAS
- Anti-Counterfeiting
- Brand Protection
- Business Registration
- Corporate & Commercial Law
- Company Secretarial and Nominee Services
- Data Privacy and Data Protection
- Domain Names
- Intellectual Property
- Intellectual Property Litigation
- International Contracting
- IP Licensing
- Litigation and Arbitration
- Online Reputation Management
- Patents
- Regulatory & Compliance
- Trademarks
- UDRP Dispute Resolution
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