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Fieldfisher has advised Yaspa on securing a $12 million equity investment to accelerate its expansion into the United States and disrupt the gambling payments ecosystem while adding native player protections.
The investment round was led by US-based Discerning Capital, with participation from TechStars Ventures.
Founded in 2017 by CEO James Neville, former CTO of Worldpay, Yaspa is an award-winning FinTech platform providing instant payment and identity services, using open banking technology and artificial intelligence (AI) to help regulated businesses elevate customer intelligence - and cashflow - via its proprietary real-time payments solution, Intelligent Payments.
Yaspa is headquartered in London and it processes payments across a growing number of markets including Europe. It has also recently incorporated a US entity, based in Atlanta, Georgia.
James Neville (CEO) said "Thomas Colmer, Joshua Cronin and the wider Fieldfisher team were instrumental in getting this significant deal for us done highly effectively. They managed all the legal expertise we needed and worked hard to achieve a very successful result."
Thomas Colmer, lead Partner on the deal, commented: "We are proud to support Yaspa on this milestone deal for the team and look forward to their continued impressive growth. This transaction demonstrates Fieldfisher’s strategic focus on financial services and emerging technologies, reinforcing the firm’s reputation as an established, trusted adviser to high-growth FinTech businesses navigating complex regulated deals."
The Fieldfisher team advising on the transaction included:
- Corporate: Thomas Colmer (Partner) and Joshua Cronin (Senior Associate)
- Financial Regulation: Simon Lafferty (Partner) and John Dodd (Director)
- Gambling Regulation: Matthew Lohn (Partner) and Charlie Smith (Associate)
- Incentives: Mark Gearing (Partner) and Josef Korchinsky (Senior Associate)
- Employment: Nick Thorpe (Partner), Louise Paull (Of Counsel) and Mark Linnane (Associate).