Stratulat Albulescu advises GapMinder on investment in Fintech OS
Stratulat Albulescu (SAA) was delighted to act again as legal advisers to GapMinder this time in connection with its investment in Fintech OS. 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 Fund GapMinder.
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.
Fintech OS 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.