Finance Monthly - January 2023

Finance Monthly. Tr ans ac t i on Repor t s 65 Please tell us more about the role your team performed during this crowdfunding campaign. Actually, the support of our team started since 2018 when we assisted the founders in structuring the legal frame for reaching the current result of the crowdfunding campaign. We played a major role in advising the founders on the strategy to implement a successful campaign that considered the previous contractual documentation executed with the initial shareholders and investors involved in the previous seed funding. Why were your team’s skills and experiences a good fit for the task? We constantly work hand-in-hand with our clients and we regard them as our long-term friends. We are not only involved in the legal aspect but always try to get a wide view over the entire project in order to evaluate the potential risk and provide the most efficient legal advice to our clients. With respect to the campaign, I believe we especially succeeded in managing the contractual documentation with the initial shareholders and bridging the same to the fundraising campaign. What do you anticipate the impact of this capital injection will be on Lokky and the wider insurance sector in Italy? Without any doubt, this capital injection will be crucial for Lokky’s growth, helping the company in affirming itself in a sector which is extremely competitive. Nowadays, in fact, the Italian insurtech market is constantly growing and more and more players are willing to invest. I believe that this campaign confirms the recent positive trend of the market and will be a driver for future investments – including, potentially, for a relevant M&A transaction between Lokky and other important companies operating in the sector. AN INTERVIEWWITH ROSARIO SAPUPPO Smart Law “We constantly work hand-inhand with our clients and we regard them as our long-term friends.”

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