Sat, Apr
43 New Articles

Stratulat Albulescu and DLA Piper Advise on GapMinder Investment in FintechOS

Stratulat Albulescu and DLA Piper Advise on GapMinder Investment in FintechOS

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Stratulat Albulescu has advised GapMinder on its EUR 600,000 investment in FintechOS. DLA Piper advised Fintech on the deal.

GapMinder, which is the first venture fund created as a result of the selection process started by the European Investment FundGapminder, collaborates with universities, the UN, public agencies, and non-governmental organizations. According to Stratulat Albulescu (SAA), "mostly financed by the Competitiveness Operational Programme 2014-2020, while the European Regional Development Fund provides a share of the capital, the fund acts as part of the European Cohesion Policy. The Competitiveness Operational Programme 2014-2020 supports investments aiming to address the challenges stemming from the low support for research, development and innovation and the under-developed information and communication technology services and infrastructure. By investing in these areas, the COP aims to contribute to bolster the competitiveness of the Romanian economy."

SAA describes FintechOS as "a company specialized in the digital transformation of financial institutions and has a USD 5Bn managed assets portfolio and operations on three continents. The company started less than a year ago, has grown quickly in that time, and aims to become the #1 enabler of digital innovation in financial institutions worldwide."

The investment is designed partly for an increase in share capital and also for loan convertible equity of EUR 500,000. According to SAA, "the investment will finance the expansion of operations globally and accelerate the development of AI technologies."

The SAA team included Managing Partner Silviu Stratulat, Managing Associate Cristina Man, and Head of IP Ana Kusak.

The DLA Piper team was supervised by Managing Partner Marian Dinu and led by Counsel Cristina Bucur. Counsel Ana-Maria Andronic led the firm's IP team on those aspects of the deal, and Partner Tudor Nedelea led the tax team.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

Our Latest Issue