FinTech

Overview

From crowdsourcing and e-wallets, to robo-advisors and digital currencies, innovative technologies continue to disrupt the financial services and capital markets sectors. Investment in FinTech has risen sharply and continues to climb, with global investment in 2014 estimated at US$12.2 billion (source: Accenture) and more than 80 FinTech companies launched in Canada to date. Exponential growth and proliferation of FinTech, in turn, puts pressure on the various regulatory regimes governing banking and securities, which seek to safeguard the Canadian financial system and ensure a level playing field among all participants without stifling innovation.

Whether a start-up looking to grow a business and navigate applicable regulatory regimes, a private equity firm seeking investment opportunities, a financial institution developing a new service offering through a collaborative alliance,  or a company seeking to purchase or sell FinTech products or services, Osler has the cross-disciplinary expertise and experience to provide the necessary critical insight and guidance. We assist FinTech companies by addressing their business and legal risks to ensure they grow and thrive beyond the start-up phase and remain compliant with relevant bank, securities and consumer protection legislation. Financial institutions and other users of FinTech products and services benefit from our knowledge and understanding of the FinTech market – our lawyers can help them remain competitive, evolve their technology and business models and tap into the potential offered through financial technology.

Supporting innovation and growth

We act for some of Canada’s most innovative FinTech technology companies, as well as Canada’s leading financial institutions, advising on legal issues including:

  • the full range of corporate and securities issues, including formation, structure, governance, financing, intra-founder issues, and equity-based compensation;

  • commercial agreements, including customer-facing agreements, service and software agreements, and reseller and distribution agreements;

  • intellectual property rights, including the registration of intellectual property rights, ownership of technology, licensing and development arrangements, and infringement/enforcement;

  • regulatory compliance involving provincial securities commissions, IIROC, consumer and pay-day lending legislation, consumer protection legislation and the Bank Act;

  • anti-money laundering and terrorism financing risks;

  • privacy, data governance and data breach;

  • employment;

  • developing growth and exit strategies, including consolidation through M&A and progressing from start-up to IPO

Our FinTech clients include

  • Aspire
  • Beanworks
  • Blockstream
  • Borrowell
  • Canalyst
  • Clearbanc
  • Collage
  • Control Mobile
  • Drop Loyalty
  • Evree
  • Finaeo
  • Fundthrough
  • Kapital
  • KREDITshare
  • OutsideIQ
  • Paycase
  • Plooto
  • Progressa
  • Sensibill
  • Solutions B-CITI Inc.
  • Q4
  • Verafin
  • Wave Accounting
  • WealthBar
  • Wealthsimple
  • Zensurance

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Related Expertise

Chad Bayne

Partner, Corporate
Toronto

Wendy Gross

Partner, Technology
Toronto

Simon Hodgett

Partner, Technology
Toronto

Blair Wiley

Partner, Corporate
Toronto

Kashif Zaman

Partner, Financial Services
Toronto
  • Ether Capital Corporation

    The dealers in connection with Ether Capital Corporation's private offering of subscription receipts and reverse take-over transaction

  • Paycase Financial Corp.

    Paycase Financial Corp. in its agreement with TMX’s Shorcan DCN to launch a new cryptocurrency brokerage service

  • Wealthsimple

    Wealthsimple in its $65 million investment from Power Financial

  • Drop Technologies Inc.

    Drop Technologies Inc. in its US$21 million Series A financing

  • 3iQ Corp.

    3iQ Corp. in connection with Canada’s first multiple digital currency investment fund

  • goeasy Ltd.

    Wells Fargo Securities and BMO Capital Markets, as representatives for the initial purchasers, in a high yield notes offering by goeasy Ltd.

  • JP Morgan Chase & Co.

    JP Morgan Chase & Co. in its proposed acquisition of WePay Inc.

  • Finaeo

    Finaeo in its Seed financing round of $2.25 million

  • Borrowell Inc.

    Borrowell Inc. in connection with its $12 million Series A round of financing led by Portag3 Ventures LP, Equitable Bank and White Star Capital and $45 million in new credit facilities provided by Concentra and FirstOntario Credit Union

  • Beanworks

    Beanworks in connection with its $4.5 million Series A funding

  • Find More

  • Chambers Canada: The World's Leading Business Lawyers, 2018, Band 1, recognized in the area of Startups & Emerging Companies.
  • Chambers Canada: Canada’s Leading Lawyers for Business, 2017-2018, Band 1, recognized in the area of Capital Markets.
  • The Legal 500, 2015-2017, Osler ranked in Tier 1, recognized in the area of Capital Markets.
  • IFLR 1000: The Guide to the World’s Leading Financial Law Firms, 2009-2017, Tier 1, ranked in the area of Capital Markets.
  • Chambers Canada: Canada’s Leading Lawyers for Business, 2016-2018, Band 1, recognized in the area of Information Technology. 
  • The Canadian Legal Lexpert Directory, 2015-2017, Toronto, Ontario, Osler ranked in the area of Technology Transactions practice as Most frequently recommended.
  • The Canadian Legal Lexpert Directory, 2017, Ottawa, Ontario, Osler ranked in the area of Technology Transactions practice as Consistently recommended.