We helped Modena launch consumer credit services in the Estonian market

We represented Modena in the application for an operating licence as a creditor at the Financial Supervision Authority and assisted in the launch of a new modern credit limit product.

Modena is a financial technology company founded on the principle that payment and financial solutions must be simple, transparent and make online payments more convenient.

We advised the client first on the application for an operating licence of a creditor in Estonia, including preparing the client for the authorisation process, preparing the application for authorisation and all supporting materials, and representing the client in the authorisation procedure at the Financial Supervision Authority. In addition, we have advised the client on a variety of ongoing legal and regulatory matters, including expansion into other markets.

We also advised Modena on the launch of new products, e.g., credit limit, including required changes in internal procedures and the preparation of client documentation.