Partner

Fiona Henderson

Languages

English

Social media

Fiona is a Partner in the Banking Team.

She acts for a range of clients including fintechs, corporates, clearing banks, funds, and private equity sponsors in relation to cross border and domestic, syndicated and bilateral funding transactions. She specialises in fintech, tech finance, and digital assets.

Fiona is also part of the specialist embedded finance team at CMS. She advises clients across a range of embedded finance products including: B2B BNPL, B2C BNPL, embedded lending and payments, revenue-based financing, income share arrangements, and embedded insurance.

She is dual-qualified in England & Wales and Scotland.

Awards & Recognitions

01 –

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"Fiona leads the charge; she has real drive and desire to help. She is very pragmatic and balances risks and opportunities. She is able to unpack sticking points in a case to move deals forward."

Chambers, 2026
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"Fiona is very calm in complex multi-jurisdictional financings. She is very resilient and good at driving the deal through and is very flexible."

Chambers, 2026
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"Fiona is an excellent lawyer and technician. Her attention to detail is second to none whilst always looking through a commercial lens. She has a great art of being able to distil complex issues and drafting into simple parts."

Client Feedback
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"She is absolutely super to work with, demonstrated by her sector expertise and banking transactional knowledge, truly excellent deal and project management skills, and highly evident enthusiasm and work ethos to provide top level service and legal expertise."

Client Feedback

Publications

July 2025 - Originator Funding Lifecycle: the Role of the Forward Flow (JIFBL).
June 2025 - E-Money: Operational Solutions to Blocked Accounts in Financing (JIBFL).
July 2025 - Shaping Scotland’s Digital Economy: The Future of Digital Assets in Scots Law (co-authored with Euan Reid) (digit.fyi).
June 2024 - Secured vs Unsecured Personal Lending by Fintechs (JIBFL).
February 2024 - 2024 Fintech Predictions and Themes (digit.fyi).
December 2023 - co-author of chapter on “Tokenisation”, Crypto and Digital Assets Law and Regulation, Sweet and Maxwell.
November 2023 - Taking Security in relation to e-money and e-money Accounts, Practical Law.
June 2023 - Embedded Finance: Risks, Opportunities, and Regulatory Pathways (ThePaypers).
June 2023 - Embedded Finance: Dear CEO (JIBFL).
May 2023 - Embedded Finance Providers: Friend or Foe? (Financier Worldwide).
April 2023 - UK Finance Report: NFTs in Financial Services Use Cases and Regulatory Considerations (author).
March 2023 - Embedded Finance: Revenue-Based Financing and Responsible Lending (JIBFL).
December 2022 - Embedded Finance: Market Challenges and Market Changes (JIBFL).
November 2022 - Security over E-Money and Deposits with Deposit Aggregators: a New Approach is Required (JIBFL).
September 2022 - Embedded Finance: Key Considerations for Funders of Platform Borrowers (cms.law) (Butterworths Journal of International Banking and Financial Law (JIBFL)).

Lectures list

2021 - lecturer on Intellectual Property Transactions: Security over Intellectual Property at UCL

Education

2020 - Qualified Lawyers Transfer Scheme (‘QLTS’) and admitted as a Solicitor in England and Wales.
2013 - Diploma in Professional Legal Practice, University of Aberdeen, Aberdeen.
2012 - LL.B., University of Aberdeen, Aberdeen.

Practice Areas

Banking & Finance Corporate Lending & Leveraged Finance Financial Institutions Lending Venture Capital

sectors

FinTech Embedded finance

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Fiona Henderson

Languages

Social media

Publications

Lectures list

Education

Practice Areas

sectors

Insights by Fiona

MFS collapse and the double pledging risk

Private credit origination: the channels that matter

The Digital Assets (Scotland) Bill: good news for the innovation economy in Scotland

Founder Focus