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Commercial Law Firm |Lagos | Nigeria
Welcome to Vassalcrest Attorneys, where we understand the challenges and complexities that fintechs face in today’s fast-paced digital world. As a leading law firm in the fintech space, we specialize in providing cutting-edge legal advice and guidance to our clients, with a particular focus on licensing, contract drafts, regulatory compliance and money laundering investigations.
Our experienced fintech lawyers have an in-depth understanding of the Nigerian regulatory landscape and are equipped to assist payment gateways, aggregators, and other fintech companies in navigating the ever-evolving legal and regulatory landscape. We have a track record of successfully advising and assisting numerous local and international fintech clients and investors in drawing necessary commercial agreements and providing regulatory advice on the developing legislative framework.
We understand that navigating the Nigerian legal and regulatory landscape can be daunting for fintech companies. That’s why we’re here to help, providing clear and practical legal advice on various aspects of financial technology law, including cybersecurity, data privacy, anti-money laundering, and the latest regulations and circulars released by the Central Bank of Nigeria and other regulatory bodies.
Our goal is to help our clients achieve their business objectives while staying compliant with relevant regulations.
At Vassalcrest Attorneys, we are clearly committed to helping our clients investigate and mitigate potential risks associated with financial crime. Our team of experienced fintech lawyers provide legal advice on the necessary measures to prevent, detect, and report money laundering activities in accordance with relevant laws and regulations.
We understand that every fintech company is unique, and we take the time to understand our clients’ business objectives and tailor our legal advice to meet their specific needs. Our team of experienced fintech lawyers is always up-to-date with the latest developments in the fintech industry and is well-equipped to provide our clients with the best possible legal advice and guidance.
If you’re looking for a leading fintech law firm in Nigeria that can help you achieve your business goals without running foul of the legal landscape, contact us today.
Focus on your startup, let’s help you focus on the law.
Amongst other legal services, we help Fintechs with:
1. Regulatory compliance: Providing advice on the regulatory requirements and compliance obligations that must be met in the fintech industry in Nigeria.
2. Company incorporation: Assisting with the incorporation of a fintech company in Nigeria, including registration with the Corporate Affairs Commission (CAC) and other regulatory bodies.
3. Commercial agreements: Advising on, drafting, and negotiating commercial agreements, including partnership agreements, investment agreements, and technology licensing agreements.
4. Data protection: Providing advice on data privacy and security issues, including compliance with the Nigeria Data Protection Regulation (NDPR).
5. Intellectual property: Advising on the protection and enforcement of intellectual property rights, including trademarks, copyrights, and patents.
6. Capital raising: Assisting with capital raising activities, including Angel/VC Investing and crowdfunding.
7. Contracts: Assisting with the drafting and negotiation of fintech-related contracts, including licensing agreements, software development agreements, and service-level agreements.
8. Digital Currencies: The world is slowly adopting Central Banks Digital Currencies(CBDC). Our expertise includes assisting clients with the regulatory framework of digital payments and other related frameworks.
9. Anti-money laundering: Providing advice on anti-money laundering (AML) regulations and assisting with the implementation of AML policies and procedures.
10. Dispute resolution: Representing fintech companies in dispute resolution proceedings, including litigation, arbitration, and mediation.
11. Compliance training: Providing training to fintech companies on compliance with regulatory requirements and best practices in the industry.
12. Government relations: Assisting fintech companies with government relations and advocacy efforts to promote favorable policies and regulations for the industry.
So are you looking to make a mark in Nigeria’s competitive financial technology market? Time is of the essence, as operating without a solid legal foundation can put your fintech at risk. Without the right legal structures in place, you could face costly disputes, lost investments, and even business collapse.
Don’t wait until it’s too late to take the necessary legal steps. Contact us now to secure your fintech startup’s future.
Working with Tayo Ismail and Vassalcrest Attorneys has been nothing short of exceptional! Tayo's deep understanding of our business and his ability to offer innovative and practical solutions to our unique challenges have been invaluable. The level of professionalism and integrity demonstrated by Tayo and his team is truly commendable. They paid meticulous attention to every detail and went above and beyond to develop the best possible legal strategies for our business. The collaborative approach was highly effective, and Tayo's patience and expertise ensured that I fully understood the complexities involved. I am grateful for the opportunity to work with Tayo and I wholeheartedly recommend him and Vassalcrest Attorneys as a trusted and reliable partner.
As a US based law firm, we needed a Nigerian Attorney to help us protect our client's intellectual property. A disgruntled former employee in Nigeria was holding himself out as our client's partner and entering into contracts with people. We searched online and partnered with Vassalcrest Attorneys. Their distinctive way of handling this case was all we needed in a Nigerian legal partner.
We have a retainer agreement with Vassalcrest Attorneys. They draft and review all our contracts. We chose them as our lawyers in 2019 when they helped us beat a 55 Million Naira law suit. I will gladly recommend them over and over again.
1. Helped a Candaian based company conduct legal due dilligence on a Nigerian startup.
2. Drafted an Anti Money Laundering compliance Policy for one of the first Islamic Digital banks.
3. Provided legal advisory to two NFT projects on the position of the Central Bank of Nigeria and SEC on cryptocurrency transactions.
4. Our fintech lawyers have helped a local angel investor who was desirous of investing $100k to conduct due dilligence on a start up incorporated here in Nigeria.
5. Drafted SLAs for a company desirous of sharing their IMTO license with a tech startup.
6. Our startup lawyers have advised a fintech startup on the procurement of the necessary licences to carry out digital lending in Nigeria.
In simple terms, a fintech lawyer is a legal professional who specializes in providing legal advice and support to companies operating in the financial technology industry. This is an industry that is rapidly growing in Nigeria and around the world, with new fintech companies launching innovative products and services every day.
Fintech lawyers play a crucial role in ensuring that these companies operate within the bounds of the law and meet all regulatory requirements. They provide guidance on a wide range of legal issues, including data privacy, cybersecurity, intellectual property, licensing and registration, compliance, and risk management.
In Nigeria, fintech lawyers are in high demand due to the rapidly evolving regulatory landscape. The Central Bank of Nigeria, for instance, has issued a number of regulations and guidelines to govern the operations of fintech companies in the country. Fintech lawyers help companies navigate these regulations and ensure that they comply with all relevant laws. Noncompliance can sometimes lead to civil or criminal sanctions by these regulators.
One of the key challenges facing fintech companies in Nigeria is the lack of clarity around certain legal issues. This is where fintech lawyers come in. They provide legal opinions and guidance on a wide range of issues, from the legality of certain products and services to the scope of regulatory requirements.
To sum it up, a fintech lawyer is a legal professional who specializes in providing legal advice and support to companies operating in the financial technology industry. In Nigeria, fintech lawyers play a crucial role in helping fintech companies navigate our rapidly evolving regulatory landscape. As the fintech industry continues to grow, the role of fintech lawyers will become even more important in ensuring that companies operate within the boundaries of the law.
As explained earlier, fintech lawyers play a crucial role in helping fintech companies navigate the ever-evolving regulatory landscape. They help fintech startups comply with laws and regulations such as the Central Bank of Nigeria’s (CBN) Guidelines on Mobile Money Services, CBN Regulatory Framework for Non-Bank Acquiring, and Payment Terminal Service Providers, and CBN Regulatory Framework for Licensing, Supervision, and Regulation of Payment Service Banks.
In addition to other roles, fintech lawyers in Nigeria assist fintech companies in drafting and negotiating contracts with partners and clients, funding rounds, protecting their intellectual property rights, and advising them on issues related to data protection, cybersecurity, and privacy.
So why do you need a fintech lawyer? As a fintech startup, your success depends on complying with the relevant laws and regulations. Lack of legal clarity has caused costly legal disputes, loss of investments, and even the collapse of a number of Nigerian Fintech startups. A fintech lawyer helps you mitigate these risks and ensures that legal compliance is up to date.
With the help of an experienced fintech lawyer, you can focus on other important growth metrics .
A number of Nigerian law firms provide outstanding legal advisory services for fintech companies.
However, as a top fintech law firm in Nigeria, Vassalcrest Attorneys (VA) understands the unique needs of startups and high-growth companies in the tech ecosystem. With over 13 years of experience providing legal services to startups and other businesses, VA is well-equipped to address the legal challenges that fintech companies face in Nigeria.
One of the key services that VA provides to fintechs is company registration, which is an essential step in establishing a business in Nigeria. We also offer legal advice on intellectual property protection and corporate governance, which are critical areas for startups that are seeking to grow and scale.
In addition, VA provides legal advice on licensing, investment agreements, contracts, and regulatory compliance, which are essential areas financial technology companies need to consider as they seek to attract investment and expand their operations.
We are committed to promoting innovation and entrepreneurship in Nigeria. That’s why we often provide free resources, trainings, and support to startups in various sectors, including fintech, edtech, and healthcare.
Our team of experienced fintech lawyers have a deep understanding of the Nigerian legal landscape and are equipped to provide quality legal services to your company regardless of your current growth stage.
If you are a startup founder in Nigeria, it is important to work with a leading startup law firm that understands the legal landscape and can provide tailored legal solutions that meet your specific needs. With VA, you can rest assured that you are working with a top fintech law firm that is committed to your success.
Not taking action early enough might be costly and can erode investor’s confidence. Contact us below today.
1. Fill the form below with your details and request.
2. Someone from our firm will typically get back to you in a very short period.
3. We will send you our exclusively tailored fintech startup packages.
4. We take the worries of the law away from you.
Ladi A.