Banking Circle processes about €60bn in payments annually. EQT Ventures is tapping into a market that spans both developed and emerging markets and views Banking Circle as a payments infrastructure player.
Hjalmar Winbladh, partner at EQT Partners “Cross-border payments is a large and rapidly growing market dominated by traditional players. Banking Circle has built a disruptive solution with a strong value proposition. The customer feedback is excellent and the company’s traction is evident looking at the triple digit growth of the business.”