Circit, an audit confirmations and Open Banking platform, has completed a €6.5 million Series A funding round co-led by financial technology specialist investors Aquiline Technology Growth (ATG) and MiddleGame Ventures (MGV).
Circit helps auditors to verify company assets and liabilities in real-time, and at source. The platform is the first of its kind to be directly regulated for Open Banking under the PSD2 regulation, removing paper processes and outdated systems to deliver time saving for all stakeholders in the audit process, as well as reducing the risk of corporate fraud in global markets.
Circit will use the funds to continue expanding its offering to users on all sides of the platform, and to invest in accelerating the inherent network effects that have been created by global organisations joining as customers.
