McKay advises a growing list of Fintech clients on corporate matters, finance and regulatory compliance, including products licensing and continual license and compliance requirements issued by the regulators.

 

Some of the recent matters that we have handled include:

 

• Banking: provided legal advisory services to a Kenyan ICT firm in relation to the negotiations with a first-tier banking institution in Ethiopia for the provision of a micro-lending platform and credit scoring algorithm;

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• Factoring: advised a US-based factoring services provider in relation to its intended expansion into Kenya;

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• Software: advised a leading Kenya based software solutions provider in relation to its ongoing contractual engagements with a licensed telecommunication company in Ethiopia in relation to, among others, the intended launch of mobile money services to its customers;

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• Crypto: provided legal advisory services to a Kenya-based bank that intends to launch a crypto-asset product; and

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• Forex: advised a Chinese high net worth individual (HNWI) in relation to his proposed entry into Kenya’s money remittance and foreign exchange (forex) business.