Client
Founded in 2016, Rapyd's platform enables businesses to access and offer localised payment methods, including e-wallets, bank transfers, cash, and other alternative payment options in more than 100 countries.
Challenge
Expansion into new markets and rapid growth created a need for specialist skillsets that the Rapyd team could access as needed. They required support in a range of activities across multiple jurisdictions and sought senior legal consultants with deep Fintech knowledge who could work autonomously and provide guidance to the Rapyd global team.
Solution
Engaging KorumLegal’s regulatory expertise via a flexible engagement model; the MLS Starter.
The MLS Starter product offered by KorumLegal has provided Rapyd with access to multiple skillsets from consultants across relevant jurisdictions. Under one seamless product.
“Even when we did have the headcount, being able to use the hours to engage multiple consultants means we have access to specific specialist skill sets and jurisdictions, that would be unlikely to be covered by just one person. “ Annalise Haigh – APAC General Counsel
Outcome
By leveraging KorumLegal’s expertise and the flexibility offered by the MLS Starter, Rapyd has been able to engage specialist consultants with deep knowledge in payments/fintech space to provide:
- Regulatory advisory assessments with respect to their business expansion.
- Designing regulatory operating models/structures, including in-person workshops with legal team and/or senior management.
- Providing commercial legal support, e.g. commercial contract reviews/templates development, internal playbook reviews on commercial contracts.
Conclusion
Rapyd's collaboration with KorumLegal exemplifies the value of expert regulatory advisory services in navigating complex international markets. The access to consultants with deep subject matter knowledge and across relevant jurisdictions but under a single product [MLS Starter] has provided the flexibility that was needed to deliver the required outcomes.
A global fintech company that provides a wide range of financial services and payment solutions.