Circle is a consumer Internet company focused on transforming the world economy with secure, simple and less costly technology for storing and using money. The Company is building mobile apps aimed at enabling greater ease-of-use in online and in-person payments, with enhanced security and privacy, and the convenience of free, instant, global digital money transfers.

Employee Rating

3.6More
TypePrivate
HQBoston, US
Founded2013
Size (employees)445 (est)-1%
Websitecircle.com
Circle was founded in 2013 and is headquartered in Boston, US
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Key People/Management at Circle

Jeremy Allaire

Jeremy Allaire

Founder, Chairman & Chief Executive Officer
Sean Neville

Sean Neville

Co-Founder & President of Product and Operations
Josh Hawkins

Josh Hawkins

VP, Marketing
Elisabeth Carpenter

Elisabeth Carpenter

Chief People Officer
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Circle Office Locations

Circle has offices in Boston, New York and London
London, GB
256-260 Old St
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Circle Financials and Metrics

Summary Metrics

Circle's latest funding round in May 2018 was reported to be $110 m. In total, Circle has raised $246 m. Circle's latest valuation is reported to be $3 b.
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Circle Revenue

Circle's revenue was reported to be £501 in FY, 2017
GBP

Revenue (FY, 2017)

501.0

Gross profit (FY, 2017)

(179.8k)

Gross profit margin (FY, 2017), %

(35884.4%)

Net income (FY, 2017)

(7.9m)

EBITDA (FY, 2017)

(8.0m)

EBIT (FY, 2017)

(8.0m)

Market valuation

3.0b

Cash (31-Dec-2017)

7.5m
GBPFY, 2015FY, 2016FY, 2017

Revenue

7.8k501.0

Cost of goods sold

46.0k180.3k

Gross profit

(38.2k)(179.8k)

Gross profit Margin, %

(492%)(35884%)
GBPFY, 2015FY, 2016FY, 2017

Cash

4.5m7.5m

Accounts Receivable

70.4k852.2k

Current Assets

1.5m5.7m11.6m

Total Assets

1.5m5.7m11.6m
GBPFY, 2015FY, 2016FY, 2017

Net Income

(104.5k)(2.0m)(7.9m)

Cash From Operating Activities

(1.5m)(226.5k)(5.8m)

Cash From Investing Activities

Cash From Financing Activities

1.5m4.4m8.7m
GBPY, 2017

Revenue/Employee

1.9

Financial Leverage

2.5 x
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Circle Operating Metrics

Circle's Monthly Active Users was reported to be 7 m in Apr, 2018.
Apr, 2018

Monthly Active Users

7 m
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Circle Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
SeedInvestOctober 05, 2018
Poloniex February 27, 2018$400 m
Trigger FinanceOctober 17, 2017
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Circle Blogs

USDC Ecosystem Spotlight: USDC crosses $300 million in market cap and has support from nearly 100 companies

USDC this week surpassed $300 million in market cap (including Circle activity) and earned the support of six new companies, bringing to nearly 100 the number of exchanges, protocols, platforms, applications, wallets and service providers that are part of the USDC ecosystem. USDC, launched in Septe…

Circle 2018 accomplishments and 2019 themes

As we lock focus on 2019 and building the next stage in our vision of an open and connected global digital economy, we first want to take stock of where we are and share a look back at 2018 with all our customers, employees, partners, investors and industry stakeholders. It

USDC Ecosystem Spotlight: IDCM crypto exchange, along with Alpha Wallet, ChangeNow, Loopring, Salt Platform, and XinFin the latest companies to support USDC

IDCM crypto exchange and five other projects announced support for USD Coin (USDC) in recent days, bringing to more than 75 the number of exchanges, protocols, platforms, applications, and wallets that have played a leading role in making USDC the second largest asset-backed stablecoin by market ca…

Poloniex announces support for 3 new assets

We are pleased to welcome Livepeer (LPT), Numerai (NMR), and Polymath (POLY) to the Poloniex family. These new listings are part of our continued effort to identify projects with strong technology and teams that have the potential for moving the blockchain space forward. As with past listings, these…

USDC Reserve Attestation Report from Grant Thornton LLP - November 2018

Today, Circle released the second attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of November 30, 2018 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 177,190,279 USDC US Dollars held in

Silvergate Exchange Network (SEN) now available for USDC

We’re excited to announce that Silvergate Exchange Network (SEN) is now supported for US Dollar Coin (USDC) issuance and redemption. SEN delivers real-time USD settlement and is used daily by leading crypto exchanges and traders. Silvergate Bank account holders with SEN can enjoy near instantaneous …
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Circle Company Life and Culture

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Circle Frequently Asked Questions

  • When was Circle founded?

    Circle was founded in 2013.

  • Who are Circle key executives?

    Circle's key executives are Jeremy Allaire, Sean Neville and Josh Hawkins.

  • How many employees does Circle have?

    Circle has 445 employees.

  • What is Circle revenue?

    Latest Circle annual revenue is £501 .

  • What is Circle revenue per employee?

    Latest Circle revenue per employee is £1 .

  • Who are Circle competitors?

    Competitors of Circle include Coinbase, Blockchain and Ethereum.

  • Where are Circle offices?

    Circle has offices in Boston, New York and London.

  • How many offices does Circle have?

    Circle has 3 offices.