Fintech app player Circle has global ambitions.
Peer-to-peer payments platform Circle is to create 15 new jobs in an expansion at its Dublin offices.
The social payment platform, which is an EU-licensed money issuer, has ambitions to serve the 500m-plus EU consumer market.
‘As we grow and expand Circle’s presence across Europe, our Irish operations will become a strategic anchor which will continue to expand’
– SEAN NEVILLE
Circle was founded by Sean Neville and Jeremy Allaire, and has so far raised $136m in four funding rounds from 19 investors.
The company has its international headquarters in Dublin, as well as an office in Shoreditch, London.
A perfect Circle of acquaintances and friends
In October, Siliconrepublc.com reported on how the company expanded its service to Ireland and Spain.
Using the technology, available as an app on iOS and Android devices, or even through a Circle app for iMessage on iOS, users can send and receive peer-to-peer payments with native euro support.
“As we grow and expand Circle’s presence across Europe, our Irish operations will become a strategic anchor which will continue to expand,” Neville explained.
“We plan to double the size of the Dublin office and add engineering roles, as well as operational roles such as customer support, risk, and compliance.
“Circle launched its US dollar product in November 2015, and followed with pound and euro currencies in 2016 – in the UK in April, and in Spain and Ireland in October.
“Circle has millions of customers globally and, after less than a year since our European launch, we are very happy to see hundreds of thousands of European customers embrace new social payment behaviours and Circle’s vision of making money work the way the internet does,” Neville said.
The digital disruptor has seen a 300pc quarter-on-quarter growth over the past year following its international expansion into Ireland, Spain, the UK, US and China. This was facilitated by a $136m investment from Facebook’s investor Jim Breyer and Goldman Sachs, among others.
Circle is on track to $1bn transferred via the app over 12 months.
The company’s expansion was welcomed by Jobs Minister Mary Mitchell O’Connor, TD. “Having the skills and infrastructure for a cutting edge company like Circle is helping us to move up the value chain in financial technologies.”
