Stratulat Albulescu advises GapMinder on investment in FintechOS
Stratulat Albulescu (SAA) was delighted to act again as legal advisers to GapMinder this time in connection with its investment in FintechOS. GapMinder collaborates with universities, the UN, public agencies and non-governmental organizations being the first venture fund created as a result of the selection process started by the European Investment FundGapminder.
Mostly financed by the Competitiveness Operational Programme 2014-2020, while the European Regional Development Fund provides a share of the capital, the Fund acts as part of the European Cohesion Policy. The Competitiveness Operational Programme (COP) 2014-2020 supports investments aiming to address the challenges stemming from the low support for research, development and innovation and the under-developed information and communication technology services and infrastructure. By investing in these areas, the COP aims to contribute to bolster the competitiveness of the Romanian economy.
FintechOS is a company specialized in digital transformation of financial institutions and has a $5Bn managed assets portfolio and operations on 3 continents. The company started less than a year ago, has grown quickly in that time and aims to become the #1 enabler of digital innovation in financial institutions worldwide.
The total investment amounts to EUR 600k being partly for an increase in share capital and also for loan convertible equity of EUR 500k. The investment will finance the expansion of operations globally and to accelerate the development of AI technologies.
SAA’s team, which included Managing Partner Silviu Stratulat, Managing Associate Cristina Man and Head of IP Ana Kusak, provided assistance including performing the due diligence on the company, drafting the investment documentation (shareholders’ agreement, share purchase agreements, updated company corporate documents and all documentation customary in matters of this type) as well as assisting with the closing of the documents and implementation of the investment.
A young and dynamic Romanian law firm, SAA is providing legal advice in all business sectors and areas of Business Law and Dispute Resolution in Romania. In a complex and rapidly shifting business environment, it distinguishes itself as a creative results driven law firm focused on a personal approach to the client-attorney relationship, attributes that makes it a solid and reliable partner for all businesses.
The firm prides itself on its team of lawyers who are leading professionals in their respective disciplines and works in close co-operation with highly-respected law firms internationally. Its experience it is particularly significant in cross-border transactions, providing legal advice and assistance as necessary in the English, German, French, Italian, Romanian and Spanish languages and its client range in size from multinational corporations to solo entrepreneurs.