Priscilla Caraveo Flores

Priscilla Caraveo Flores

Associate
Baker & McKenzie Abogados, S.C.

Biography

Priscilla is a junior associate in the Banking & Finance Practice Group of Baker McKenzie's office in Mexico City. She joined the IP-Tech Practice Group of the Firm in 2016 and later in 2017 she joined the Banking & Finance Practice Group. She has 4 years of experience assisting companies in cross-border credit transactions, project finance, domestic credit transactions and banking regulatory matters.

Since 2018, Priscilla has been also involved in card payment processing and Fintech projects, co-advising some of the world's biggest tech-enabled businesses on regulory payment trends derived from the implementation of the Fintech Law in Mexico, as well as on their regulatory obligations and registration requirements with the Mexican regulator, consumer and financial users' protection regulation, AML regulation and on corporate matters for their business expantion and incorporation in Mexico.

During 2020, Priscilla worked full-time with a San Francisco based payment processing platform, as part of a secondment to obtain their Fintech authorization to operate as an e-wallet (institución de fondos de pago electrónico) in Mexico.

Practice Focus

Priscilla focuses her practice in all legal matters related to project finance, cross-border credit transactions, loan transactions, financial operations, corporate maintenance, mergers and acquisitions, fintech authorizations and on advice regarding banking, fintech, insurance and capital markets matters.

Representative Legal Matters

  • Participated on the preparation and filing of an e-wallet application (institución de fondos de pago electrónico) for a San Francisco based payment processing platform for e-commerce merchants, which is ranked no. 1 among the 11 biggest Fintech companies in the US, for them to continue operating as an e-wallet in Mexico.

  • Participated on the preparation and filing of an e-wallet application for a French Fintech, for them to continue operating as an e-wallet in Mexico.

  • Participated on the authorization procedure before the CNBV for the indirect acquisition of shares by a San Francisco based payment processing platform on the capital stock of a Mexican e-wallet and neobank.

  • Co-advised a UK payment processing platform on their global negotiations as a card payment processing aggregator with Mexican merchants.

  • Co-advised an Australian comparison platform on the regulatory requirements under the Fintech Law, to act as a third specialized information technology entity with an application programming interface to connect with Mexican financial entities and receive information from such through an API (application programming interface).

  • Co-advised a US payment processing platform in connection with their registration as an aggregator in Mexico with the CNBV and the Bank of Mexico, as well as on the agreement negotiations with acquiring banking partners to perform their card payment processing services to gym clubs located in Mexico.

  • Co-advised several payment processing aggregators and acquirers regarding their regulatory compliance requirements with CNBV and Bank of Mexico.

  • Co-assisted a development bank from Honduras with the granting of loans to their employees located in Mexico.

Admissions

  • Mexico (2021)

Education

  • Instituto Tecnológico Autónomo de Mexico (Law Degree) (2019)

Languages

  • English
  • Spanish