FinTech | Ropes & Gray LLP

Overview

Ropes & Gray’s multidisciplinary FinTech team draws on the capabilities and resources of practice groups across the firm to provide clients with integrated, strategic and practical advice related to securities regulation, patent litigation, trade secrets, Lanham Act litigation, unfair competition claims, intellectual property licensing and transactions, M&A, regulated investment management, banking, tax planning, privacy and cyber security, capital markets, insurance and related risk management and litigation.

Through decades of experience handling complex matters for financial services and technology clients, our multidisciplinary team has a deep understanding of the trends and issues facing clients both new and established in the FinTech industry. We combine legal knowledge with a strong understanding of our clients’ business needs to advise on a range of regulatory and transactional issues related to blockchain, artificial intelligence, cryptocurrencies, initial coin offerings (ICOs), big data, insurtech, information technology, compliance technology (regtech ), robo-advisors and P2P technology. Additional information about our cryptocurrency and blockchain practices can be found here. Our team has advised a wide range of clients, both private and public, on FinTech matters. Our clients include global banks, payment processing and blockchain technology companies, and asset managers such as hedge funds, private equity funds and investment management firms.

Our recent FinTech experience includes advising or representing:

• Different customers with respect to formation of cryptocurrency funds and related matters.
• Summit Partnersa global alternative investment firm, in its $1.2 billion sale of ABILITY Network, a leading cloud-based healthcare software-as-a-service technology company, to technology company Inovalon.
• TPG growth global impact fund, The Rise Fund, in its investment in Varo Money, a mobile banking fintech company.
• The founders of TCP LifeSystemsa provider of insurance software solutions in the US, UK, Canada and Ireland, in the acquisition of insurance and financial services software provider iPipeline.
• Baillie Gifford in its investment in Ant Financial Services Group, China’s largest online payment platform.
• Digital Asset Trade Associationa blockchain trade association, in matters related to legislation and public policy.
• A wealth management software company on a number of privacy and data security-related matters.
• Decentralized code network (Deconet)a blockchain company, in matters of intellectual property licensing.
• Credoraxa privately held credit card processing business, on executive compensation work.
• Digital information services in tax disputes before state tax authorities, related to the classification of products as information services or as software.
• FinTech investors and companies with respect to IRS third party subpoenas and subpoenas.
• Tax investigations into cryptocurrency holdings and tax reporting.
• Pay racka cloud-based payments-as-a-service platform, in one of the first patent lawsuits brought against a blockchain company, OHVA v. PayStand.