Circle

blockchainpaymentsp2p payments

FOUNDING YEAR: 2013
LOCATION:
Last Update: 03/07/2020

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About

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.

Focus

PRODUCTS & SERVICES

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.

MAIN CLIENTS

Retail consumers

Traction

VALUATION / MARKET CAP:

$3 B in 2018

VALUATION COMMENT:

After the latest funding round, the company's valuation is at $3 billion. (May 2018)

REVENUE

$10M+ in 2019

REVENUE COMMENT:

The company had an estimated revenue of $1Billion in 2018

ACTIVE USERS:

8 Million in 2019

ACTIVE USERS COMMENT:

The company has 8 million customers from more than 100 countries. (Feb. 2019)

People

FOUNDERS

Jeremy Allaire

Sean Neville

BOARD MEMBERS AND ADVISORS

Ifty Ahmed

Jim Breyer

Michele Burns

Raj Date

David Orfao

Jeremy Allaire

Quan Zhou

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Accel

and Tusk Ventures.

Baidu

Baidu

Baidu

Bitmain

Bitmain

Bitmain

Blockchain Capital

Breyer Capital

China Everbright Investment Management

China International Capital Corporation Alpha

CICC

CICC

CreditEase

Digital Currency Group

Digital Currency Group

Digital Currency Group

Fenway Summer LLC

General Catalyst

General Catalyst

General Catalyst Partners

Goldman Sachs

IDG Capital Partners

Jim Breyer

Leonard Schrank

Michele Burns

Oak Investment Partners

Pantera Capital

KEY EMPLOYEES:

James Meekings (Co-Founder

UK Managing Director)

Samir Desai (Co-Founder

CEO)

Ed Wray (Director)

Sachin Patel (Chief Capital Officer)

Luke Jooste (Head of Real Estate Finance)

David Yu (Chief Product Officer)

Maria Weaver (Chief People Officer)

Sophie Thomas (HR Operations Manager)

Dan Sinclair Taylor (Head of Partnerships)

Panni Morshedi (Continental Europe Managing Director)

Neil Mullane (Head of Sales)

Pamela Burton (COO)

Sean Glithero (Chief Financial Officer)

Darryl Bowman (CMO)

Ed Hooper (Senior Manager

Strategic Partnerships)

Lisa Jacobs (Chief Strategy Officer)

Jerome Le Luel (Chief Risk Officer)

Charles Reese (Software Architect)

Bernardo Martinez (U.S. Managing Director)

Momentum

FUNDED

YES

TOTAL FUNDING

$246 M

DATE OF LAST FUNDING

Aug 2018

TOTAL FUNDING COMMENT

The company will use the funds to create dollar-pegged cryptocurrency which will enable the businesses and consumers to transfer value more efficiently. (May 2018)

FUNDING SERIES

SERIES A  · $9 M  · Oct 2013

SERIES B  · $17 M  · Mar 2014

SERIES C  · $50 M  · Apr 2015

SERIES D  · $60 M  · May 2016

SERIES E  · $110 M  · May 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

Views:

366 VISITORS | 719 VIEWS
LATEST FUNDING ROUND

$246 M

TOTAL EMPLOYEES
201-500

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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