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.
"Circit is a joy to work for: working with a diverse & talented group of people, I feel like I'm learning something new everyday."
“It feels good to work on products that are changing the world of audit for the better”
"I'm very excited to be part of Circit team where cutting edge technologies are used to unequivocally improve the quality of Audit process."
“Proud to be part of this ambitious team, creating next generation of audit technology.”
"Excited to use the latest technology to deliver the future of auditing."
"Compliance is part of Circit's culture for ourselves, our products and all our engagements. This foundation of trust combined with our platform and experience makes us a reliable partner for our clients."
“Fintech can shape the future direction of audit and Circit is pioneering the way”
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“Security is at the very core of the Circit solution which makes it an easy choice for those concerned about protecting client’s sensitive information”
