Boston based payments startup Circle has raised $440 million in a funding round from leading institutional and strategic investors, bringing the total amount of funds raised to over $700 million. The latest investment round witnessed participation from Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures, Atlas Merchant Capital, Digital Currency Group, FTX, Breyer Capital, Valor Capital Group, Pillar VC, and Michael J. Price and Friends.
Founded in 2013 by Jeremy Allaire and Sean Neville, Circle enables businesses to leverage stablecoins and public blockchains for payments, commerce and financial applications worldwide. The funding will accelerate growth of the company and enable market expansion opportunities.