Ex-JPMorgan Transactions Exec Joins Bitcoin Startup Circle As CFO
Circle Internet Financial has hired a veteran banking industry executive to serve as its new chief financial officer (CFO). Paul Camp, who formerly held the title of global head and managing director at JPMorgan's transactions services unit, will act as corporate treasurer and executive vice president of financial operations as well as CFO at Circle. Camp was chosen after a year-long process, according to the company. Circle CEO Jeremy Allaire said that Camp will be a key member of the leadership team, overseeing the company's financial architecture and acting as an ambassador to....
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Another industrial-era executive has joined a Bitcoin startup. Paul Camp joins Bitcoin BankCircle as the Chief Financial Officer. An 18 year finance veteran, he has been hired by Digital Currency payment processor to serve as Chief Financial Officer and Treasurer. Prior to accepting a position with Circle, Camp lead JP Morgan's global transaction services. Camp will bring that experience with him, potentially broadening Circles international capabilities. Circle is a cryptocurrency wallet provider that raised over $25m in funding last March. Perhaps best known for being one of the first....
Paul Camp, former global head and managing director at JPMorgan Chase has joined bitcoin consumer finance company Circle Internet Financial as the new corporate treasurer and CFO. Circle founder and CEO Jeremy Allaire expressed his confidence in Camp, saying: "Paul had grown up in that core payments infrastructure. That was really a key piece of what we were looking for... Paul is a very intelligent person... I think the vision of an Internet platform - a common Internet platform for value exchange - really captured his imagination. I think he's also at the point in his career where he's....
Bitcoin brokerage Circle Internet Financial is said to be raising as much as $40m in new funding. As reported by Fortune, Circle is raising the funds at a valuation of $200m, citing persons with knowledge of the negotiations. A representative for Circle declined to comment. The move, if confirmed, would represent Circle's largest funding effort to date. Circle raised $17m in a Series B round last year, following an earlier $9m in Series A funding from 2013. The funding would raise Circle's total investment to $66m. Circle
Circle, a Bitcoin exchange and services startup is granted an electronic money license by the British government through its foremost financial regulator. The milestone marks the first time that Britain has bestowed a license upon a bitcoin company. The license was granted by Britain’s primary financial regulator, the Financial Conduct Authority. The move further Britain’s public and determined stance to stand out as the go-to hub for financial technology. Circle facilitates currency transfers by converting them to bitcoin first, with all transactions verified and recorded on the bitcoin....
Digital Asset Holdings, the startup led by ex-JPMorgan exec Blythe Masters, is apparently having issues closing an inaugural investment round. Blythe's previous employer JPMorgan Chase & Co has already committed about $7.5m to the undisclosed round, but Digital Asset has been struggling for some time to complete the deal with other investors, according to The New York Times. Allegedly, major banks including Goldman Sachs and Citigroup have been reluctant to commit to the deal as JP Morgan was "being given better terms than other investors", according to Times sources. More seriously,....