Renno & Co. helps fintech, payment and crypto businesses enter Canada, launch regulated operations, establish banking relationships and maintain compliance.
Whether you're expanding into Canada, preparing to launch, or already operating as a Canadian MSB or PSP, our lawyers and compliance professionals can help.
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Already regulated or operating in another jurisdiction? We help fintech, payment and crypto businesses identify applicable Canadian regulatory requirements, obtain required registrations and prepare for Canadian operations.
We advise payment processors, money transfer and remittance companies, FX providers and payment facilitators on Canadian licensing, banking relationships and AML compliance.
We advise crypto trading services with immediate settlement, OTC and crypto-transfer businesses on Canadian regulatory requirements, access to banking and ongoing AML compliance.
Already operating in Canada? We provide regulatory counsel, outsourced AML compliance support, effectiveness reviews and assistance with ongoing regulatory obligations.
From Canadian market entry to ongoing operations, our Canadian lawyers and compliance professionals support fintech, payment and crypto businesses throughout the regulatory lifecycle.
We'll get you FINTRAC MSB registered.
We'll get you Bank of Canada RPAA registered.
We'll help you find suitable banking partners and navigate onboarding.
We'll prepare AML policies tailored to FINTRAC requirements and banking partner expectations.
We'll set you up with an outsourced MLRO/CAMLO and compliance team.
We'll conduct your independent FINTRAC AML audit / effectiveness review.
Our Canadian fintech lawyers can advise you on regulatory obligations, licensing and commercial arrangements.
We'll provide regulatory consulting and prepare the compliance documentation your business needs.
The registration process is short compared to other reputable jurisdictions.
Establish operations in a globally recognized jurisdiction with established financial regulators and a developed financial-services sector.
A Canadian MSB (with a good AML program) opens the doors to international banks and account providers. We can help with this.
Unlike many payment licensing regimes, FINTRAC (which regulates MSBs) does not require you to lock up a large amount of regulatory capital.
Canada's federal MSB regime generally has lighter physical-presence requirements than many other major fintech jurisdictions.
A Canadian MSB can provide several fiat and virtual-currency services under the same registration — pretty rare globally.
You're entering a highly regulated industry. You probably want legal advice — not a registration reseller filling out forms offshore. We are a Canadian law firm and our fintech practice is focused exclusively on Canadian payment and crypto companies.
We've heard some horror stories from clients getting bad advice from foreign providers who just don't understand Canadian regulations. We are physically located in Canada and are governed by Canadian law societies (Ontario and Québec to be specific)!
As a regulated payment company, you'll have a ton of ongoing legal and compliance needs. We have an interdisciplinary team of Canadian lawyers and compliance professionals — we think this gives us the bigger picture and provides clients a more comprehensive all-in-one offering.
Our bread and butter is fintech, payments, and crypto. We know what it takes to get registered, get banked, go live, and stay compliant in Canada.
Fintech, payment, crypto and other financial-services businesses advised
MSB registrations completed
RPAA registrations completed
Jurisdictions served, including clients from Cyprus, the UK, Brazil, India and the US.
We advise a broad range of fintech, payment and crypto businesses — including money services businesses (MSBs), payment service providers (PSPs), money transfer and remittance companies, foreign-exchange dealers, payment facilitators, and crypto trading, OTC and transfer businesses. Some clients we’ve worked with include Crossmint, Mercuryo, PawaPay, Deus X Pay, and GetNeo. Our fintech practice focuses on Canadian regulatory, licensing, banking and compliance matters for MSBs, PSPs, payment companies and crypto businesses, whether you're entering Canada, preparing to launch, or already operating here.
Yes. A large share of our clients are established businesses expanding into Canada from other jurisdictions. We help you map which Canadian registrations your activities trigger (FINTRAC MSB and/or Bank of Canada RPAA/PSP), prepare the required AML program, and get you banked in Canada. If speed matters, we can also advise on buying a ready-made Canadian MSB versus registering from scratch.
We can also help you with your ongoing compliance. Book a call to learn more.
It depends on your activities — many payment businesses trigger both. We can help you confirm which you trigger and can help with the registration(s). For a deeper dive on which registrations your business model may trigger, see our guides on MSB vs. RPAA and whether you need RPAA registration.
Yes. Getting banked is often the hardest step for a Canadian MSB or PSP — as it's a high-risk entity type and not every bank/account provider has experience working with MSBs. We are connected with a network of banks and account providers in Canada and abroad that have a track record of working with MSBs. We can make tailored introductions to account providers we think will be a good fit. We can also help you prepare your application package and guide you through the bank and account-provider onboarding process for Canadian and international payment rails.
Yes. Beyond registration, we provide continuing support, including a fractional AML compliance officer, AML effectiveness reviews ("audits"), and broader outsourced regulatory compliance. If you're weighing in-house vs. outsourced, see our note on why Canadian businesses need an AML officer.
Yes. As a Canadian law firm with lawyers in Ontario and Québec plus an in-house compliance team, we regularly act as Canadian regulatory counsel for international financial and payment-services businesses — advising on registration obligations, banking access, AML requirements and ongoing compliance as your Canadian operations evolve.
Entering Canada, preparing to launch, or looking for ongoing regulatory and AML support? Speak with our fintech lawyers and compliance professionals about your business and the services you need.
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