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Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments and commerce worldwide. Circle is the pioneer of the fastest growing fiat-currency backed stablecoin, USDC, which has a market cap of $500 million and more than $1 billion USDC issued in under a year's time. Circle was founded in 2013 and is backed by $250 million from investors including Jim Breyer (Facebook), IDG Capital (Baidu, Tencent), General Catalyst (Airbnb, Stripe), Accel Partners, and Bitmain, with offices in Boston, New York, Dublin and London.
Circle is a global crypto finance company focused on converting the world economy with secure, simple, and less costly technology for storing and using the money. It utilizes open internet standards and protocols, including the blockchain to provide consumers with an app that allows them to transfer payments instantly. Recently, Circle was selected for the 2019 Forbes Fintech 50 startups list.
Currently, the company offers four products such as: 1. Poloniex: Allows users to buy and sell on one of the world’s most active crypto exchanges. 2. Circle Invest: Helps them to invest in crypto even if they have never invested in it before. 3. Circle Trade: Allow them to trade crypto OTC with a global desk that moves $2B+ monthly. 4. Circle Pay: Helps them to send money between currencies, countries, and friends.
$3 B in 2018
After the latest funding round, the company's valuation is at $3 billion. (May 2018)
$10M+ in 2019
The company had an estimated revenue of $1Billion in 2018
8 Million in 2019
The company has 8 million customers from more than 100 countries. (Feb. 2019)
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