Sustineri Attorneys PRUC, a corporate law firm specializing
in technology, fintech and transactional law, has been named Fintech Law Firm
of the Year at the Ghana Fintech Awards. The recognition underscored the firm’s
growing influence in the nation's financial technology sector and its role in
shaping the legal landscape for emerging digital finance businesses. The award comes at a time when the
fintech industry is expanding rapidly, with increasing regulatory complexities
and a surge in digital financial solutions.
Sustineri Attorneys PRUC, founded in 2021, has
emerged as a key player in providing legal and regulatory support to fintech
start-ups and established financial institutions navigating the evolving
market.
Speaking about the award, Richard Nunekpeku,
Managing Partner at Sustineri Attorneys PRUC, emphasized the firm’s commitment
to innovation and client-focused legal solutions. “This recognition reflects our dedication to supporting Ghana’s
fintech ecosystem with strategic legal expertise. As digital finance continues
to transform the economy, legal services must evolve to ensure compliance, risk
mitigation, and sustainable growth for industry players,” he said.
The domestic fintech sector has seen
significant regulatory developments in recent years, particularly with the
enactment of the Payment Systems and Services Act, 2019 (Act 987) and the Bank
of Ghana’s digital finance guidelines. Sustineri Attorneys PRUC has been at the
forefront of these changes, advising fintech firms on licensing, compliance,
and risk management.
The firm’s structured approach—known as START
(Start-up Legal Toolkit, Transactions, Advisory, Regulatory Compliance,
Training)—has become a cornerstone for fintech clients seeking tailored legal
solutions. “Regulatory clarity is critical for fintech growth. Our role is
to help businesses anticipate legal challenges and implement frameworks that
promote long-term stability,” Mr. Nunekpeku noted.
As the nation seeks to expand financial
inclusion through digital solutions, legal and regulatory considerations remain
a key challenge. Industry stakeholders have highlighted the need for stronger
investor protections, data privacy regulations, and clearer guidelines on
emerging technologies such as blockchain and artificial intelligence in
financial services.
Beyond regulatory compliance, Sustineri
Attorneys PRUC has been instrumental in fostering collaboration between fintech
firms and policymakers. The firm’s advisory services extend to structuring
partnerships between start-ups and traditional financial institutions, ensuring
that contractual frameworks align with both business objectives and legal
standards.
Mr. Nunekpeku, who also serves as Vice
President for Legal and Strategy at the Ghana Fintech and Payments Association
(GFPA), has been a vocal advocate for industry-wide legal reforms. “The
fintech sector requires a regulatory environment that balances innovation with
consumer protection,” he explained. “Our engagement with policymakers and
financial institutions is geared toward creating a framework that encourages
responsible growth,” added.
Sustineri Attorneys PRUC’s recognition at the
Ghana Fintech Awards adds to its growing reputation as a leader in fintech law.
The firm’s focus on fintech regulation, corporate governance, and dispute
resolution has attracted a diverse client base, ranging from early-stage
start-ups to multinational financial services providers operating in Ghana.
The firm’s leadership has signaled an intention
to expand its fintech practice further, particularly in areas such as digital
asset regulation, cross-border fintech transactions, and compliance with
international financial standards. “As Ghana’s fintech sector integrates
more with global financial systems, legal expertise will be crucial in
navigating cross-border transactions and regulatory harmonization. Our
objective is to remain at the forefront of these developments, ensuring that
our clients are well-positioned for both local and international growth,”
Mr. Nunekpeku added.
By: Nana
Appiah Acquaye
