Banking Circle Revenue and Competitors

Banking Circle is a next-generation provider of mission-critical financial services infrastructure leading the rise of a super-correspondent banking network. Banking Circle empowers financial institutions to support customers' trading ambitions – domestic and global - whilst reducing risk and the operational cost of transactions. The world of banking and payments is at a turning point. And the winners in this changing world will be those organisations recognising the importance of playing to their strengths; building alliances with strong partners who complement their own customer proposition. By becoming a member of the Banking Circle, financial institutions can offer their customers banking services – from payments to loans – to help them trade domestically and globally, efficiently and at low cost. Importantly they can help their customers improve cash flow through enhanced speed of settlement whilst remaining fully compliant with financial regulation. Banking Circle solutions are increasing financial inclusion by helping thousands of businesses transact across borders in a way that was previously not possible. The cost and time involved with traditional cross border payments have been prohibitive to many businesses, halting their global expansion plans and limiting their prospects. Banking Circle is empowering financial institutions to support their customers' international trading ambitions, without the need for multiple banking relationships, whilst reducing risk and the operational cost of transactions. Businesses which were previously financially excluded are now able to participate in the digital economy in a way which was not previously possible. In September 2018, Banking Circle was acquired by EQT VIII and EQT Ventures, in partnership with Banking Circle's founders. The acquisition will see EQT support Banking Circle's continued acceleration of its growth strategy, in current and new geographies, as well as the expansion of the product portfolio.

keywords:Banking, Fin Tech