Travers Smith has announced that its new fintech incubator programme, Fintech Amplifier, is now operational, and the commercial law firm has attracted a cohort of five firms to participate in this new development.
The year-long initiative will offer partner firms features that include extensive legal advice, and support from the firm’s lawyers.
Additionally, structured training sessions are to be provided on essential legal advice that is tailored to fintech founders, plus exclusive roundtable discussions with peers, investors and industry stakeholders.
The inaugural group of firms taking part in the Fintech Amplifier arrive from a range of industry sectors.
AI-native financial operating platform BEYLA, which is directed towards assisting SMEs, combines regulated banking infrastructure alongside a governed network of intelligent agents designed to anticipate needs, manage risk and sustain growth.
Retail lender Level provides structured services across probate, private client and family law matters.
They are joined by aspiring digital mortgage bank Moxim, which aims to streamline the mortgage application process by using open banking and AI among other structured data sources. This is designed to automate and mitigate discord in the mortgage process.
NOBO is a fintech platform tailored to facilitate the often challenging trade finance process.
It possesses trade-tech infrastructure which enables re-usable compliance and due diligence, modernised credit assessment of SMEs and conditional payouts over programmable payment rails to close the trade finance gap.
Meanwhile Shoal provides financial technology for ethical and sustainability-focused savings products.
Natalie Lewis, the head of Travers Smith’s fintech, market infrastructure and payments practice, said: “We are thrilled to welcome these companies as the first cohort of our new Fintech Amplifier.
“As a firm committed to innovation, we are delighted to have the chance to support each of them to deliver their products to the market, as well as helping them with their other business-critical legal needs. The entire team is eager to see what they will achieve.”
Travers Smith has two main offices that are based in London and Brussels, collaborating with more than 150 firms worldwide. Recent highlights have included advising FourLeaf Capital on its majority investment in air-treatment provider Meaco and counselling Summa Equity on its acquisition of Peoplesafe.
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