Czech Bird & Bird transactional team has assisted KB SmartSolutions, s.r.o. with strategic investment into the FinTech company Lemonero s.r.o. through the acquisition of shares in its parent company MonkeyData s.r.o..
Lemonero is a new Czech start-up that offers fast and flexible operational financing in the field of e-commerce through a digital platform, data use and artificial intelligence. Lemonero mainly finances small and medium-sized e-shops not only in the Czech Republic, but also in Europe. The entire process of obtaining the capital takes place online and serves primarily to support the companies’ growth or stabilisation of their existing cash-flow.
KB SmartSolutions, s.r.o. is a subsidiary of Komerční banka, a.s. (member of Société Générale Group) through which Komerční banka, a.s. makes investments in modern technologies in the area of financial sector, and thus significantly contributes to the transformation of a traditional banking institution into an innovative and technologically strong bank of a new generation.
Bird & Bird is an international law firm with a focus on supporting organisations being changed by technology and the digital world. The Bird & Bird team has a long history of supporting FinTech and technology-oriented M&A transactions. The team has gained international recognition for its know-how in the use of technology and digital solutions across industries, as well as won numerous awards globally and in the Czech Republic.
The Bird & Bird main transactional team in Prague was led by partner Ivan Sagál and comprised of associates Ľubomír Brečka and Martina Waliczková, who were further supported by Gabriela Malá, Radomír Pivoda and Roman Norek.