Fintech
Our team—comprised of dealmakers and former policymakers and state and federal prosecutors—understands the complicated issues affecting companies in fintech, the fastest-moving financial sector.
For six straight years, O’Melveny named among the top firms serving financial technology companies.—Chambers FinTech Legal USA (2019-24)
Our team—comprised of dealmakers and former policymakers and state and federal prosecutors—understands the complicated issues affecting companies in fintech, the fastest-moving financial sector.
For six straight years, O’Melveny named among the top firms serving financial technology companies.—Chambers FinTech Legal USA (2019-24)
AI. Blockchain. Cloud computing. Big data. This is financial technology or fintech. And so is software, mobile apps, and cryptocurrency, and a hundred other automated, digitized, encoded products and assets that businesses and consumers alike are using every second. And there are a hundred more that haven’t even been dreamed up yet, but will be in practice this time next year.
To understand fintech, and its legal implications, a company needs advice from a law firm comprised of dealmakers and former policymakers and prosecutors who keep up with today’s latest developments and anticipate tomorrow’s. O’Melveny is that firm. We advise fintech companies of every vintage—from startups to established players—their investors, and others on corporate, regulatory, and litigation considerations, including:
- Private equity and venture capital financing
- Anti-money laundering, KYC, and Bank Secrecy Act regulations
- Consumer finance regulations
- Securities
- Data security and privacy
- Intellectual property
- M&A
- Capital markets
- Regulatory Enforcement
- Litigation
Assisted with its Series E financing of Chime Financial, a provider of no-fee mobile banking services.
Defended a leading global financial-technology company in a threatened mass arbitration alleging close to US$150 million in damages. We secured a settlement of all claims for an amount less than 5% of the company’s alleged total exposure.
Won dismissal of Securities Act claims against an underwriting syndicate in a putative class action alleging misrepresentations and omissions in the offering materials for the IPO of Qudian, Inc., a Chinese online micro-lender backed by the Alibaba Group affiliate Ant Financial.
Convinced Escobar Inc.—a company run by Roberto Escobar, the former “chief of assassinations” for Colombia’s Medellin Cartel—to drop its lawsuit against Buy Now Pay Later company Klarna after we explain to Escobar that it could not bring frivolous claims against a company with which it never had a relationship.
Secured a favorable settlement with the Attorney General of Massachusetts for one of the largest online lending marketplaces in the US.
Counseled the developer of tools that enable in-game purchasing and data management for video game publishers in its seed financing
Guiding a leading personal finance and mobile banking app in its response to a civil investigative demand from the Federal Trade Commission.
Advised Roostify, a leading digital mortgage technology provider, in its acquisition by CoreLogic.
Advised Securitize, a digital assets securities firm, in its acquisition of Onramp Invest, developer of a digital asset wealth platform for financial professionals.
O’Melveny is “able to find simple and practical solutions to complex matters and distill the most complicated issues into easy-to-understand parts for both our legal and business teams.”
—Client Testimonial, Chambers USA FinTech Legal
“The team are extremely versatile and equipped for everything. We have yet to find an area of missing skills.”
—Client Testimonial, Chambers USA FinTech Legal