Banking Circle

Banking Circle presents itself as a next-generation bank and financial technology platform built to address the back-end needs of cross-border payments and financial services. Its stated mission is to deliver regulated, secure and interoperable payment rails, enabling financial institutions to move value across traditional and tokenized ecosystems. The company describes itself as a fully licensed bank with central-bank clearing access, global payment capabilities and APIs. Its services include accounts, payments, foreign exchange, deposits, treasury management, agency banking and correspondent banking. Account offerings include physical and virtual accounts, including multi-jurisdictional arrangements and virtual accounts that can be created individually or in bulk. Banking Circle also describes tools for liquidity and cash management, including FlexLiquidity, and provides access through APIs, a client portal, SFTP and SWIFT. Its solutions are aimed at payment service providers, banks, investment funds, marketplaces and other regulated financial institutions. The company says it supports cross-border payments in 24 currencies and provides access to 10 local clearing schemes. It reports that its solutions power payment propositions for more than 900 financial institutions, marketplaces and banks, and that annual payment volumes exceed €1.5 trillion. These figures are company-reported claims from its About page. Banking Circle states that it was acquired by EQT VIII and EQT Ventures, in partnership with its founders, in September 2018. The supplied material does not identify its founding year, founders by name, headquarters, or named executives. Its current public-facing description emphasizes regulated infrastructure, security and compliance, direct central-bank access, and technology designed for global payment operations.

Banking Circle describes its origins in the early development of fintech, saying it was founded when the concept of fintech was emerging. The supplied company materials do not provide a specific founding date or name its founders. Its stated approach was to avoid older, bureaucratic and costly payment infrastructure by building modern banking rails and connecting clients to clearing systems. The company says these connections enable clients to move liquidity in real time for major currencies, securely and compliantly. The platform developed as a provider of banking infrastructure for businesses that need to support payment and account services across markets. Its published offerings span accounts, payments, foreign exchange, deposits, treasury management, agency banking and correspondent banking. It describes access to its services through APIs, a client portal, SFTP and SWIFT, and promotes physical and virtual accounts, including multi-jurisdictional account structures and customer-facing account arrangements. A major ownership event took place in September 2018, when Banking Circle says it was acquired by EQT VIII and EQT Ventures in partnership with the company’s founders. The supplied evidence does not state the transaction value or provide further details about the ownership structure. In its current company description, Banking Circle presents itself as a fully licensed bank and financial technology platform with central-bank clearing rails. It says it supports cross-border payments in 24 currencies and provides access to 10 local clearing schemes. The company reports that its solutions power payment propositions for more than 900 financial institutions, marketplaces and banks, with annual payment volumes above €1.5 trillion. It also describes its platform as serving payment service providers, banks, investment funds and marketplaces, and frames its mission around secure, regulated and interoperable payment rails for traditional and tokenized ecosystems. These scale figures and service descriptions are company claims in the supplied official materials.

• Acquired by EQT VIII and EQT Ventures in partnership with its founders

A regulated, technology-led banking infrastructure provider for financial institutions and payment businesses, emphasizing global reach, interoperability, compliance and operational efficiency.

• Accounts

  Physical and virtual account solutions, including multi-jurisdictional accounts and bulk creation of virtual accounts.

• Payments

  Payment infrastructure and cross-border payment services for financial institutions and payment businesses.

• Foreign exchange

  Foreign-exchange services offered alongside account and payment solutions.

• FlexLiquidity

  A physical cash-pooling solution described as supporting cash management.

• Agency and correspondent banking

  Banking services listed by the company as part of its infrastructure offering.

• Unconfirmed

  Reported2022.02.01

  Biller acquires Banking Circle[5]Biller收购Banking Circlecrowdfundinsider.com

  Biller acquired and joined Banking Circle, gaining access to its technology infrastructure, financial resources, payment rails, and licenses.

Read more

1. 1Banking Circle | Payments, FX & Infrastructurebankingcircle.com
2. 2About Banking Circle | Financial Infrastructurebankingcircle.com
3. 3Virtual IBAN & Business Accountsbankingcircle.com
4. 4Banking Circlewikidata.org
5. 5Biller收购Banking Circlecrowdfundinsider.com