About Circit
Circit is a company based in Dublin (Ireland) founded in 2015.. Circit has raised $9.29 million across 5 funding rounds from investors including Enterprise Ireland, Aquiline Capital Partners and Escher Group. Circit has completed 1 acquisition, including Audapio. Circit offers products and services including Confirmation Requests, Verified Transactions, Client Collaboration, and e-Signing. Circit operates in a competitive market with competitors including Qwist, Snoop, FloatMe, Kreditz and armalytix, among others.
- Headquarter Dublin, Ireland
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Circit Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.29 M (USD)
in 5 rounds
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Latest Funding Round
$543.69 K (USD), Series A
Jul 06, 2023
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Investors
Enterprise Ireland
& 15 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Circit
Circit offers a comprehensive portfolio of products and services, including Confirmation Requests, Verified Transactions, Client Collaboration, and e-Signing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates creation and processing of audit confirmations from providers.
Provides third-party evidence for transaction accuracy in audits.
Facilitates secure communication and status tracking for audits.
Enables digital signing of engagement letters and statements.
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Funding Insights of Circit
Circit has successfully raised a total of $9.29M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $543.69 thousand completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $543,686
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First Round
First Round
(30 Sep 2016)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Series A - Circit | Valuation |
investors |
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| May, 2022 | Amount | Series A - Circit | Valuation | Aquiline Capital Partners , MiddleGame Ventures |
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| Jun, 2020 | Amount | Series A - Circit | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Circit
Circit has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Enterprise Ireland, Aquiline Capital Partners and Escher Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and debt investments are directed toward financial sectors.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward early-stage fintech startups.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward SMEs and tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Circit
Circit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Audapio. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Fraud in bank statements is detected via AI-based analysis.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Circit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Circit Comparisons
Competitors of Circit
Circit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qwist, Snoop, FloatMe, Kreditz and armalytix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smart data solutions for open finance are delivered by Qwist.
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| domain | founded_year | HQ Location |
Expense management for individuals is enabled via a mobile app.
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| domain | founded_year | HQ Location |
Online platform for cash advance loans
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| domain | founded_year | HQ Location |
Provider of credit scoring application for P2P transactions
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| domain | founded_year | HQ Location |
Open banking API developed for aggregating multiple bank accounts.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Circit
Frequently Asked Questions about Circit
When was Circit founded?
Circit was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Circit located?
Circit is headquartered in Dublin, Ireland.
Is Circit a funded company?
Circit is a funded company, having raised a total of $9.29M across 5 funding rounds to date. The company's 1st funding round was a Series A of $1.24M, raised on Sep 30, 2016.
What does Circit do?
Circit was founded in 2015 in Dublin, Ireland, as a platform in the audit technology sector. Auditor queries are managed within a digital system that connects auditors, banks, and solicitors. Processes for audit confirmations, open banking transaction verifications, PBC collaboration, and electronic signatures are streamlined. Auditors are validated for secure communication, and request segregation is automated to support efficient operations.
Who are the top competitors of Circit?
What products or services does Circit offer?
Circit offers Confirmation Requests, Verified Transactions, Client Collaboration, and e-Signing.
How many acquisitions has Circit made?
Circit has made 1 acquisition, including Audapio.
Who are Circit's investors?
Circit has 16 investors. Key investors include Enterprise Ireland, Aquiline Capital Partners, Escher Group, European Investment Fund, and MiddleGame Ventures.
What is Circit's valuation?
The valuation of Circit is $27.84M as of May 2022.