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High Tech / FinTech

Fintech and regtech companies address financial and regulatory challenges by providing innovative technological solutions for a variety of financial needs.

High entry barriers in the financial sector, the dominance of the banking system, and a complex regulatory framework pose many challenges. This requires the ongoing professional legal counsel of a leading law firm like Barnea. We possess extensive expertise in contending with the regulatory hurdles unique to the fintech sector. 

 

Our legal services extend throughout all stages of a fintech venture—defining the product, product development, and launch. We counsel on regulatory issues, licensing issues, online trading and payments, intellectual property, and information security, as well as provide representation before the various regulatory authorities.

 

Among our clients are P2P companies, crowdfunding platforms, and platforms offering crypto exchange services. We also represent money transfer services companies, social trading platforms, payment service providers, loan providers, insurance companies, software companies for personal financial management, and more.  

 

The team is headed by Dr. Zvi Gabbay. Zvi is a well-known figure in the world of fintech. He advises world-leading fintech companies, with a focus on the use of blockchain technology, financial services, the proper implementation of regulation on technology, and other relevant technologies in the AI field that support investment decisions.

 

Recognition of Fintech Team

 

For the past five years, the prestigious Chambers Ranking Guide has ranked Barnea as a leading firm in the Fintech field. In the 2022 edition, Chambers ranked us as a leading firm in Tier 2.

Zvi is also consistently ranked as a leading lawyer in this field and was recently ranked as a Tier 1 lawyer.

The Israeli Dun’s100 legal guide has ranked Barnea as a Tier 1 firm in the Cryptocurrencies area (as it relates to legal services) for two years straight.

News and updates - High Tech / FinTech:


December 12, 2021

Do You Own Crypto? AML Order Also Applies to Digital Currencies

For the first time, companies providing virtual currency services will be required to comply with Israeli anti-money laundering provisions. This follows an amendment to the Prohibition of Money Laundering Order that recently came into effect. The amendment will apply to financial asset service providers obligated to hold a license under the Control of Financial Services Law.

July 13, 2021

Real Estate Transactions Using Digital Currencies – Regulatory Challenges

The volume of real estate transactions incorporating digital currencies is expected to grow in the coming years, especially among young, wealthy, tech-savvy professionals. Zvi Gabbay, the head of our firm's Capital Markets Department and a former head of enforcement at the Israel Securities Authority, was interviewed by Globes on the trend. Zvi noted the regulatory challenges that exist in these types of transactions.

May 23, 2021

Representing Migdal in Investment in Fintech Company Sunbit

The fintech company Sunbit, which has developed an AI-based technology that enables personalized payment options, raised USD 130 million in a series D financing round led by Group 11, Zeev Ventures, and Migdal Insurance.

 

Our firm's Micky Barnea and Ariella Dreyfuss represented Migdal in the transaction.

April 8, 2021

TipRanks Completes USD 77 Million Funding Round

Israel-based fintech company TipRanks announced today the completion of a USD 77 million funding round led by Prytek and Mor Investment House. Adv. Ariella Dreyfuss represented TipRanks in the round. TipRanks currently has 60 employees located mostly in Tel Aviv. With the new investment, the company plans to double its workforce and open offices in New York.

July 9, 2020

Fintech Companies: New Program to Facilitate Regulatory Reliefs

Although Israel is a world leader in the fintech field, companies operating in this area face many regulatory challenges. A newly published legal memorandum aims to enable the creation of a “sandbox”, with inspiration from various programs already implemented in Japan, Australia, and Singapore. The goal is to establish a unique experimental environment, a “regulatory sandbox,” where regulatory relief is granted to companies who choose to participate in the program.

High Tech / FinTech

Fintech and regtech companies address financial and regulatory challenges by providing innovative technological solutions for a variety of financial needs.

High entry barriers in the financial sector, the dominance of the banking system, and a complex regulatory framework pose many challenges. This requires the ongoing professional legal counsel of a leading law firm like Barnea. We possess extensive expertise in contending with the regulatory hurdles unique to the fintech sector. 

 

Our legal services extend throughout all stages of a fintech venture—defining the product, product development, and launch. We counsel on regulatory issues, licensing issues, online trading and payments, intellectual property, and information security, as well as provide representation before the various regulatory authorities.

 

Among our clients are P2P companies, crowdfunding platforms, and platforms offering crypto exchange services. We also represent money transfer services companies, social trading platforms, payment service providers, loan providers, insurance companies, software companies for personal financial management, and more.  

 

The team is headed by Dr. Zvi Gabbay. Zvi is a well-known figure in the world of fintech. He advises world-leading fintech companies, with a focus on the use of blockchain technology, financial services, the proper implementation of regulation on technology, and other relevant technologies in the AI field that support investment decisions.

 

Recognition of Fintech Team

 

For the past five years, the prestigious Chambers Ranking Guide has ranked Barnea as a leading firm in the Fintech field. In the 2022 edition, Chambers ranked us as a leading firm in Tier 2.

Zvi is also consistently ranked as a leading lawyer in this field and was recently ranked as a Tier 1 lawyer.

The Israeli Dun’s100 legal guide has ranked Barnea as a Tier 1 firm in the Cryptocurrencies area (as it relates to legal services) for two years straight.

P. Capital Markets, Corporate, High Tech, Private Clients

P. Banking & Finance, Capital Markets, FinTech, Regulation

News and updates - High Tech:


December 12, 2021

Do You Own Crypto? AML Order Also Applies to Digital Currencies

For the first time, companies providing virtual currency services will be required to comply with Israeli anti-money laundering provisions. This follows an amendment to the Prohibition of Money Laundering Order that recently came into effect. The amendment will apply to financial asset service providers obligated to hold a license under the Control of Financial Services Law.

July 13, 2021

Real Estate Transactions Using Digital Currencies – Regulatory Challenges

The volume of real estate transactions incorporating digital currencies is expected to grow in the coming years, especially among young, wealthy, tech-savvy professionals. Zvi Gabbay, the head of our firm's Capital Markets Department and a former head of enforcement at the Israel Securities Authority, was interviewed by Globes on the trend. Zvi noted the regulatory challenges that exist in these types of transactions.

May 23, 2021

Representing Migdal in Investment in Fintech Company Sunbit

The fintech company Sunbit, which has developed an AI-based technology that enables personalized payment options, raised USD 130 million in a series D financing round led by Group 11, Zeev Ventures, and Migdal Insurance.

 

Our firm's Micky Barnea and Ariella Dreyfuss represented Migdal in the transaction.

April 8, 2021

TipRanks Completes USD 77 Million Funding Round

Israel-based fintech company TipRanks announced today the completion of a USD 77 million funding round led by Prytek and Mor Investment House. Adv. Ariella Dreyfuss represented TipRanks in the round. TipRanks currently has 60 employees located mostly in Tel Aviv. With the new investment, the company plans to double its workforce and open offices in New York.

July 9, 2020

Fintech Companies: New Program to Facilitate Regulatory Reliefs

Although Israel is a world leader in the fintech field, companies operating in this area face many regulatory challenges. A newly published legal memorandum aims to enable the creation of a “sandbox”, with inspiration from various programs already implemented in Japan, Australia, and Singapore. The goal is to establish a unique experimental environment, a “regulatory sandbox,” where regulatory relief is granted to companies who choose to participate in the program.

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