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
  • 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.

  • 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

  • Wave

    Wave in its strategic financing round of C$32 million from National Australia Bank, RBC, Portag3, and Exhibition Capital

  • Sensibill Inc.

    Sensibill Inc. in connection with its $17.3 million Series A Financing

  • The Toronto-Dominion Bank

    The Toronto-Dominion Bank in the sale of its indirect home improvement financing assets to Financeit and Concentra

  • Wealthsimple

    Wealthsimple, a robo-adviser based in Toronto, on all aspects of its business, including its strategic relationship with, and planned investments by, Power Financial, and in its acquisition of Shareowner.

  • Verafin

    Verafin in connection with the C$60 million financing by Spectrum Equity (the largest venture capital financing of an Atlantic Canadian software company).

  • Borrowell

    Borrowell, one of the first on-line lenders in Canada, on all aspects of its business including the creation of its online consumer lending platform and its venture capital financings.

  • Q4

    Q4 on all aspects of its business, including in its acquisition of Oxford Intelligence and its $22 million round of financing.

  • 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.