First pitched at a Dublin fintech hackathon hosted by Ulster Bank, Circit had an unlikely start for a team of auditors with an idea. The idea was a platform that could prove asset ownership across all of financial services, and verify business accounts online and instantly for the first time.
Launched in October 2017, Circit caught the attention of global banks and auditors who joined the platform to help customers with their year-end audit. The value created was clear and network effects began to appear as auditors invited banks, and vice-versa.
The bigger vision starts to become a reality as Circit achieves regulator approval by the Central Bank of Ireland as the first Account Information Services Provider (AISP) under the PSD2 regulation and Open Banking in the U.K with the FCA. This accelerated Circit’s traction with direct integrations to banks across Europe and positioned us with a unique proposition as the verification layer for traditional financial assets and the next wave of Open Banking and Decentralised Finance.
We achieved 400%+ revenue growth in 2020, the team tripled in size and we supported the rollout to ‘Big Four’ audit firms who confirmed balance-sheet positions with over three thousand different financial services providers.
In the next 10 years, the global financial system will undergo the biggest shift in history where every business will have financial technology built-in. Trust and identity will be critical components for the frictionless transactions expected by the market. Automation through Open APIs, AI and smart contracts will completely remove manual processing, freeing up businesses and their advisers to do what they do best for a safe sustainable future.
We have brought together some of the most passionate and committed talent form around the world all dedicated to making life better for our customers.
“We are youthful in our ways and driven by Growth Mindset. Here nothing seems impossible while working amongst great minds”
''Circit provides an environment where you can flourish and become the best version of yourself. Stars are in the roof, Sky’s the limit!''
“Everyday there is something different happening, which makes it a really stimulating place to work”
“Every day there is a new challenge and that makes you never settle. It’s exciting to be part of an amazing team which are leading the future of audit”
"At Circit we work to change the way audits are conducted to bring them closer to the new century, we look to the future in an exciting and ambitious way''
“We have people and customers from all parts of the global which makes it a really diverse place to work – love it”
“I'm proud of being able to work at Circit. Where you are encouraged to bring in your full potential to achieve a common goal while working with an exceptional team.”
''It is clear to see that we at Circit have an innovative product and a strong close knit team that will generate customer success to our clients"
