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Circit - About the company

Circit is a series B company based in Dublin (Ireland), founded in 2015. It operates as a Platform designed for auditors to verify assests. Circit has raised $31.3M in funding from investors like Enterprise Ireland, Escher Group and MiddleGame Ventures, with a current valuation of $*****. The company has 59 active competitors, including 16 funded and 3 that have exited. Its top competitors include companies like BlackLine, Armalytix and OneStack.

Company Details

Platform designed for auditors to verify assests. It is a platform that manages auditor query requests within a digital system, connecting auditors, banks, and solicitors. It streamlines the process of managing audit confirmations, open Banking verified transactions, PBC Collaboration, and e signatures. It validates auditors for communication and automates the segregation of requests.
Website
circit.io
Social
X
Email ID
*****@circit.io
Phone Number
+353 **********
Key Metrics
Founded Year
2015
Location
Dublin, Ireland
Stage
Series B
Total Funding
$31.3M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on May 04, 2022
Ranked
Annual Revenue
€1M - €10M as on Dec 31, 2024
Employee Count
91 as on Sep 30, 2026
Investment & Acquisitions
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Circit's funding and investors

Circit has raised a total funding of $31.3M over 6 rounds. Its first funding round was on Sep 30, 2016. Its latest funding round was a Series B round on Feb 10, 2026 for $*****. 3 investors participated in its latest round. Circit has 10 institutional investors and 10 angel investors.

Here is the list of recent funding rounds of Circit:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Feb 10, 2026
1874967
Series B
1062661
2023089
8737960
5649665
Jul 06, 2023
3415094
Series A
5413192
5085256
9457030
May 04, 2022
1294930
Series A
7821644
9964846
9862963
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Circit's founders and board of directors

Founder? Claim Profile

Circit's Board of Directors

Circit's board has 5 active members. Sean Kenny, Patrick Pinschmidt, Giovanni Nani and David Heath are part of team and Henry Largey is independent board member.
Here is the list of Circit's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
-
wcvcfa{
Team
-
Current
5y 8m
Investor
-
Current
-
Investor
-
Current
-
Independent board member
-
Current
-

Circit's employee count trend

Circit has 91 employees as of Sep 26. Here is Circit's employee count trend over the years:
Employee count trend for Circit
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Circit's Competitors and alternates

Top competitors of Circit include BlackLine, Armalytix and OneStack. Here is the list of Top 10 competitors of Circit, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for BlackLine
BlackLine
2001, Los Angeles (United States), Public
Provider of AI-enabled solutions for financial close and invoice-to-cash processes
$200M
70/100
2nd
Logo for Circit
Circit
2015, Dublin (Ireland), Series B
Platform designed for auditors to verify assests
$31.3M
61/100
3rd
Logo for Armalytix
Armalytix
2019, London (United Kingdom), Seed
Developer of an open banking API
$3.88M
55/100
4th
Logo for OneStack
OneStack
2019, Gurugram (India), Series A
Provider of banking, payment, investment, insurance, and lending technology solutions
$5.46M
54/100
5th
Logo for NaudaPay
NaudaPay
2020, London (United Kingdom), Series A
Open banking software
$1.04M
-
51/100
6th
Logo for Chace
Chace
2021, Bengaluru (India), Funding Raised
Provider of website maintenance services
-
49/100
7th
Logo for MODO
MODO
2020, Argentina, Unfunded
Provider of app-based open banking software
-
-
46/100
8th
Logo for Kiya.ai
Kiya.ai
1995, Mumbai (India), Series B
Provider of digital solutions for financial institutions and government organizations
$24.8M
46/100
9th
Logo for Qwist
Qwist
2014, Berlin (Germany), Acquired
Platform offering smart data solutions for open finance
$27.4M
46/100
10th
Logo for connectIPS
connectIPS
2017, Kathmandu (Nepal), Unfunded
Open banking API solutions
-
-
45/100
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Circit's Latest cap tables and shareholding

Founders own 13.47%, Funds (largest shareholder) own 36.46%, Enterprises own 27.99% and Angels own 6.86%. The net worth of Circit's founders is INR 3.56M as of May 04, 2022.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
13.47%
3.56M
4483294
4527470
3768431
9258075
Fund
36.46%
9.63M
3856841
5460528
4544023
5629643
6504132
7011466
7782763
8169503
1977156
3251749
1138744
4395490
3097522
8863854
9158297
5030819
3592324
6819372
6828753
2988609
7365160
3990128
Enterprise
27.99%
7.39M
1103088
3246741
1272761
1564211
Angel
6.86%
1.81M
814902
419168
599198
595866
3
2
7
2
5
2
Other People
15.21%
4.02M
9776733
3986083
4140236
1913797
Total
99.99%
2.64Cr
8214951
5757189
4274328
3871900
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Circit's Shareholding

Circit's Investments and acquisitions

Circit has acquired Audapio. Circit has not made any investments as of now.

Reports related to Circit

Here is the latest report on Circit's sector:

News related to Circit

Media has covered Circit for 1 event in last 1 year.
•
Circit to create 50 jobs as it plans further expansionThe Irish Times•Dec 08, 2022•Circit
•
Dublin fintech start-up Circit acquires AudapioSilicon Republic•Mar 01, 2021•Circit, Audapio
•
•
Circit Software Speeds Up Financial AuditsBusiness Plus•Mar 09, 2018•Circit
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