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.
"It’s great to be building a product that customers feel is innovative and forward thinking with such a dynamic, talented team’'
"The people behind Circit believe in its mission and we understand how to achieve it"
''If the future is now, the present is called Circit"
''The team spirit is unmatched and I'm excited to be a part of an incredible group of people, driving technology forward in the Auditing space"
“We keep growing and moving forward which makes me proud to part of a team that’s building something great”
''"Everyday we're solving for age-old problems in the audit industry with the advantage of next-level technology''
"I'm proud to be working with some of Circit's largest clients and helping them make the most from their investment in us."
“It’s great to be apart of the Circit journey and to be around so many incredible people. Every day is fun and different which keeps me driven and inspired.”
