Financial technology (FinTech) has a phenomenal impact on Africa's financial sector and other key sectors. As a key driver of growth in the region, FinTech is a viable alternative to traditional banking in urban and rural areas. Across many countries in Sub-Saharan Africa, FinTech is improving financial inclusion and stimulating innovation and productivity for example, by giving small and medium-sized enterprises better access to financing and offering a broader range of financial products for the agriculture sector. In in Sub-Saharan Africa FinTech is therefore not so much about disrupting traditional financial services but is providing products and services that were not available or accessible. By creating technology-based products and solutions, including mobile money, online payment processing, lending, and investing, FinTech companies plug gaps that exist in local financial service industries.

As a young and non-traditional law firm, CMS South Africa is well equipped to advise on a wide range of topics and transactions involving the FinTech sector in Sub-Saharan Africa, such as the establishment of FinTech companies and digital platforms, M&A and joint ventures, cross-border services and operations, contracts with customers, suppliers and services providers (including blockchain solutions), compliance and internal policies as well as financing transactions (including tokenisation and marketplace lending). 

Our clients include FinTech companies and their sponsors, IT and other services providers, banks and investors. CMS South Africa's FinTech team members, support by the global CMS network, specialise in areas such as financial regulation, corporate law, tax and foreign exchange control regulations, banking and finance law (also English law), contract law, IP law, competition law and IT and data protection law. 
 


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23/11/2021
The tax­man wants his bit of your crypto­cur­rency profits
Per­haps the greatest dis­ruptor in the in­vest­ment field, crypto­cur­ren­cies have at­trac­ted sig­ni­fic­ant in­terest from both small private in­vestors and from gov­ern­ments. But, be­cause of their nature, it’s...
05/08/2021
CMS Glob­al Fintech Up­date
The leg­al frame­work in the fintech in­dustry is chan­ging very quickly and some­times var­ies greatly from jur­is­dic­tion to jur­is­dic­tion.Our glob­al up­date, will give you an over­view of the latest changes and top­ics we have been deal­ing with in Europe, Africa and Lat­in Amer­ica re­gion. This will give you an at a glance sum­mary of a num­ber of art­icles that we have pro­duced on a loc­al basis.For a more in-depth ana­lys­is or for any ques­tions, please reach out to your usu­al CMS con­tact or lis­ted in this up­date Fintech ex­perts.