Circle Raises $50 Million With Goldman Sachs Support
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....
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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....
Circle, the Bitcoin wallet and exchange service provider which has taken aim at Coinbase's market in recent months, has closed a $50 million funding round with investment bank Goldman Sachs in the lead. Goldman Sachs has made statements very positive to Bitcoin in recent months, and so this funding round is no surprise. Last month, the bank released a report that said, "Innovations in network technology and cryptography could change the speed and mechanics of moving money." The same report mentioned Circle as a disruptive force in financial markets, along with Coinbase and others. Last....
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Investment bank Goldman Sachs has officially formed a cryptocurrency trading team, according to the firm’s internal memo. Goldman Sachs says it is working to broaden its market presence in the crypto space and is currently selectively onboarding new liquidity providers to help expand its crypto service. Goldman Sachs Now Has Dedicated Cryptocurrency Trading Team Goldman Sachs has officially set up a cryptocurrency trading team, according to the bank’s internal memo seen by CNBC Friday. The publication described that this memo was the first time the New York-based investment....
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....