Banking Circle was founded in Denmark 10 years ago and started its operations as a Saxo Bank-owned company in 2015. Revenue trajectory has since seen +100% year-on-year growth, with current revenue run-rate reaching EUR 250m. Starting as a Danish Payment Institution with less than 100 employees when acquired by EQT in 2018, we are now close to 1,000 colleagues building a financial technology platform for global commerce which includes a European bank (headquartered in Luxembourg and maintaining a large presence in Copenhagen and London and other branches and subsidiaries throughout Europe and Asia) and soon a US bank, as well embedded finance and payments technology businesses.

Our journey presents highly complex legal matters, including securitisation transactions, cross-border mergers and acquisitions, financial license applications and various product launches. As a legal team in an innovative growth company and highly regulated space you are faced with many challenges. We map regulation and assess which regulatory regimes and requirements might apply, often in a vacuum where novel solutions may not fit in current regulatory landscape and without precedents to rely on. Consequently, the legal colleagues across the Banking Circle Group are close participants in the design and description of new products to ensure that all legal aspects have been covered.