Circle Internet Financial Gets Goldman Sachs, Cisco Board Member
Circle Internet Financial, a Boston-based company led by Jeremy Allaire hoping to transform payment processing for bitcoin, just got a board member who already serves on boards of prominent companies. She is Michele Burns, and she is presently the CEO of human resources consulting company Mercer. Aside from that, Burns serves on the board of Goldman Sachs and Cisco. But that's not all. She's also on the board of the Elton John AIDS Foundation and formerly serves on Wal-Mart's board, so if there's someone with some familiarity of the tech and finance industries, it's Burns. Circle Internet....
Related News
Goldman Sachs board member M. Michele Burns is joining the board of new bitcoin payment processor Circle Internet Financial, becoming the latest representative from the worlds of big finance and investing to show an interest in digital currency. The move represents a possible greater acceptance of bitcoin in the US in the financial mainstream, at a time when other large countries are attempting to block or caution against its use. Burns is also a Director at Cisco Systems Inc., and previously sat on the board at Wal-Mart Stores Inc. Her involvement in the finance industry goes back to....
Circle Internet Financial Attracts Talent from Bitcoin Developer and American Express VP of Security
Circle Internet Financial is not messing around. Most recently (in late December) reports surfaced that indicated a Goldman Sachs and Cisco board member named Michele Burns had joined Circle's own board of directors. The company has today confirmed this news in a press release. We're also learning that the Boston-based start-up has attracted talent from a well-known developer and American Express. Michael Hearn is one of them. He's a lead bitcoin software developer and most definitely prominent in the community. He's also a senior security engineer at Google. The other is Michael Barrett,....
Bitcoin financial services startup Circle Internet Financial has closed a $50m funding round. The Boston-based company drew support from Goldman Sachs and China-based IDG Capital Partners, as well as all of Circle's pool of existing investors, including Breyer Capital, General Catalyst Partners and Accel Partners. Tom Jessop, managing director at Goldman Sachs' Principal Strategic Investments Group, said the bank recognizes the need to invest in companies that "have the promise to transform global markets through technical innovation." Jessop added: "We think that Circle's product vision....
According to Fortune, Wall Street Heavy Weight, Michelle Burns has joined the Board of Circle. "Burns's move is another sign that Bitcoins are starting to gain some following among established financial players. She is the former CEO of human resources consulting firm Mercer. Along with Goldman (GS), she is also on the board of Cisco Systems (CSCO) and the Elton John Aids foundation. She is also a former board member of Wal-Mart (WMT). And her Wal-Mart connection might be the most valuable to Circle, and Bitcoin in general. A growing number of retailers are considering whether to accept....
Bitcoin company Circle Internet Financial has completed a funding round of $50 million with help from banking firm Goldman Sachs and venture group IDG Capital Partners. Circle is also updating its core services to enable the transfer and storage of US dollars, which are insured by the FDIC and not subject to bitcoin’s volatility. These functions run parallel to Circle’s existing infrastructure and expand its scope of financial services. Entrepreneur Jeremy Allaire launched Circle in October 2013 to make bitcoin “as easy to use as Gmail, Skype, and other consumer services on the Internet....