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Small and medium enterprises power the economy, handling over 10 million transactions daily and more than 300 million supplier payments monthly.
Yet, many are still slowed down by outdated banking systems. Fintech is rewriting the rules: replacing slow processes with real-time tools and paperwork with digital platforms.
At First Circle, we’re driving that shift— shaping the future of finance where great businesses move on merit.
Our mission is to revolutionize financial services for underserved SMEs and we are doing this by providing the financing and tools that help these businesses thrive.
Over the last decade we have already transformed access to credit for thousands of businesses, and now we're building a full-stack neobank.
Product expansion continues. Invoicing, corporate credit cards, and automated payroll processing will help SMEs with even more parts of their business.
We officially launched our SME Business Banking product, introduced Future Salary Access (FSA) for employee salary loans, and initiated Solar Financing to help SMEs transition to sustainable energy.
We successfully raised US$7 million in funding from International Finance Corporation (IFC) to expand our offerings for Filipino SMEs.
Product expansion! Launch the pilot of our SME Business Banking product, and begin work on two new products (coming soon!)
Close new $25m debt facility to fund the next phase of growth.Customer base doubles in 2022.
Product evolves to our Business Credit Line making SME credit bigger, cheaper, faster, and more flexible!
COVID nightmare for SMEs and First Circle!
Proud of our response: proactive customer restructuring, and zero layoffs (but significant pay-cuts for Leadership)
Rapid growth to 1500+ customers gives us unique data to systemize our underwriting
$6m Series A and $20m debt facility raised.
Strategic focus on B2B SMEs with PO & Invoice Financing product
Accion invests in First Circle and we pass 250+ SME customers
We’re up and running with our first 100 customers after raising $1m seed capital from 500 Startups and others.
