manatt fintech · originated loans and credit products are actively sold to investors through...
TRANSCRIPT
Manatt FintechREPRESENTATIVE TRANSACTIONS
1
Counsel to BlockFiJuly 2018
BlockFiWarehouse Facility
Counsel to BFS CapitalJanuary 2019
Counsel to AVANA CapitalOctober 2018
AVANA CapitalFund Formation
Counsel to Advantage InsuranceFiled July 2018
Advantage InsuranceInitial Public Offering
$150 million
BFS CapitalWarehouse Line of Credit and
Regulatory Counsel$50 million
Closing $1B+ in Fintech Deals Worldwide
2
Counsel to CrowdStreet, Inc.November 2018
CrowdStreet, Inc.Fund Formation and Regulatory Counsel
Counsel to CrowdOut Capital LLCOngoing
CrowdOut Capital LLCStructuring of CrowdOut
Opportunity Fund
Counsel to Cross River BankOngoing
Cross River BankRegulatory Counsel
Counsel to CircleUp Network, Inc.Ongoing
CircleUp Network, Inc.Regulatory Counsel
Counsel to CaliberCos Inc.Ongoing
CaliberCos Inc.Platform Launch
Climb CreditWarehouse Loan Financing
Counsel to Climb CreditDecember 2018
$50 million
Counsel to BolstrJune 2018
BolstrSale to KeyBank
Counsel to CadenceJanuary 2019
CadencePlatform Launch and Initial Financing
3
Counsel to LiftForward, Inc.June 2018
LiftForward, Inc.Warehouse Facility
Counsel to Lidya HoldingsFebruary 2018
Lidya HoldingsSeries A Financing
Counsel to LendingHome CorporationOngoing
Counsel to Idea FinancialOngoing
Idea FinancialFinancing and Regulatory Counsel
Counsel to LendeavorOngoing
LendeavorRegulatory Counsel
Counsel to Haitou GlobalOngoing
Haitou GlobalLoan Facility and
Regulatory Counsel
Counsel to Money Metals Exchange LLCOngoing
Money Metals Exchange LLCRegulatory Counsel
LendingHome CorporationFinance Structuring and
Regulatory Counsel
$250 million
Counsel to Groundfloor FinanceFebruary 2018
Groundfloor FinanceRegulation A+ Offering
4
Counsel to Roc CapitalOngoing
Roc CapitalCommercial Lending Activities in U.S. and
Continuous Sale of Mortgage Loans
Counsel to Montcalm Capital LLCJanuary 2019
Montcalm Capital LLCPlatform Launch and
Initial Financing
Counsel to P2Binvestor Inc.Ongoing
P2Binvestor Inc.Regulatory Counsel
Counsel to Pagaya Technologies, Ltd.Ongoing
Pagaya Technologies, Ltd.Financing and Securitization
Counsel to Patch of LandOngoing
Patch of LandRegulatory Counsel
Counsel to Phoenix FinanceOngoing
Phoenix FinanceLoan Facilities, Formation and Launch of U.S. Platform, and Regulatory Counsel
Counsel to Sharestates, LLCNovember 2017 and March 2018
Sharestates, LLCDebt and Equity Structuring Transactions
Counsel to StreetShares, Inc.February 2019
StreetShares, Inc.Regulation A+ Offering
$50 million
5
Counsel to WorkplaceCreditFebruary 2019
WorkplaceCreditPlatform Launch
Counsel to VerbhouseOngoing
VerbhousePlatform Launch, Equity Financing
and Regulatory Counsel
Counsel to Varo MoneyJanuary 2018
Counsel to Syndicate ProfileJune 2018
Syndicate ProfileFund Formation and
Platform Launch
Counsel to UpLift Inc.Ongoing
UpLift Inc.Regulatory Counsel
Counsel to TradeRiver USAOngoing
TradeRiver USAFinancing Counsel
Counsel to Sunbit, Inc.December 2018
Sunbit, Inc.Fund Formation
Counsel to ZhenrongbaoJuly 2018
ZhenrongbaoPlatform Launch
Varo MoneySeries B Financing
$45 million
6
Manatt FintechInnovation occurs daily in the fintech world. In just a few years, this financial ecosystem—principally comprising marketplace lending, alternative funds and payments—has become a multibillion-dollar global force. Originated loans and credit products are actively sold to investors through marketplaces, whole loan facilities and securitizations. Platforms are looking for new ways to access credit, investors are looking to the industry as an alternative source of yield, and payment innovators are putting more power in the palms of smartphone users as the banking and finance paradigm undergoes tectonic shifts.
Manatt’s world-class, six-continent fintech practice works with more than 150 established platforms and investors to raise capital to support consumer and small-business lending, alternative credit and point-of-sale products, and real estate development and smaller projects. We also work with token and cryptocurrency issuers and traders in advising on best practices to mitigate legal and regulatory risk.
Our lawyers and professionals know the legal and regulatory traps and can help you navigate them in a cost-effective manner. Our team works with platforms, investors, fund sponsors and service providers in the space to provide a comprehensive solution. We tailor legal solutions to align with your specific business objectives and market constraints. Our team is composed of former entrepreneurs, in-house counsel, U.S. attorneys and state prosecutors, so we get what it’s like to be in your shoes.
From the start, we’ll work with you “hands on” to perform a customized, risk-based assessment and develop an action plan to get and keep your organization moving as efficiently as possible. Our lawyers are recognized thought leaders in the space, speaking and writing throughout the year at and for the most authoritative events and publications. One of our partners is the chair of the prestigious Practising Law Institute Alternative Investment Summit, a one-of-a-kind assembly of attorneys who speak and write regarding the most pressing legal issues in the fintech industry. We have also been honored by Chambers Global, recognized as an industry leader in the organization’s first-ever Chambers and Partners Fintech Guide, and recognized by other legal ratings services.
We have regular dialogues with federal and state legislators and regulators to keep you apprised of continuing developments and advise you on best practices to give you a highly informed risk-weighted legal and regulatory approach.
y Securities and state blue-sky laws
y Venture capital
y Bank regulatory
y Investment advisory
y Broker-dealer
y Lender licensing
y Bank/warehouse finance
y Fund formation
y Intellectual property
y Digital media
y Privacy and data security
y Securitization
y Tax, employee benefits and labor
SERVICES:
Manatt’s fintech practice was recognized as an industry leader in the first-ever Chambers and Partners Fintech Guide.
For the third consecutive year, Manatt has been named a finalist for the annual LendIt Fintech Industry Awards.
Albany
Chicago
Los Angeles
New York
Orange County
Palo Alto
Sacramento
San Francisco
Washington, D.C.
Manatt, Phelps & Phillips, LLP manatt.com © 2019
Att
orn
ey A
dve
rtis
ing
. Pri
or
resu
lts
do
no
t g
uar
ante
e a
sim
ilar
ou
tco
me.Brian Korn
[email protected] 212.790.4510
Robert Duran [email protected] 310.312.4274
Neil Faden [email protected] 212.830.7181
Craig Miller [email protected] 415.291.7415
Scott Schwartz [email protected] 202.585.6534
Charles Washburn [email protected] 310.312.4372
CONTACTS:
Stay up to date on the latest fintech developments. Contact [email protected] to join our mailing list.