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Small and medium enterprises power the economy, handling over 10 million transactions daily and more than 300 million supplier payments monthly.
Yet, many are still slowed down by outdated banking systems. Fintech is rewriting the rules: replacing slow processes with real-time tools and paperwork with digital platforms.
At First Circle, we’re driving that shift— giving businesses the tools they need to move, compete, and win on merit.
We’re up and running with our first 100 customers after raising $1m seed capital from 500 Startups and others.
Accion invests in First Circle and we pass 250+ SME customers
$6m Series A and $20m debt facility raised.
Strategic focus on B2B SMEs with PO & Invoice Financing product
Rapid growth to 1500+ customers gives us unique data to systemize our underwriting
COVID nightmare for SMEs and First Circle!
Proud of our response: proactive customer restructuring, and zero layoffs (but significant pay-cuts for Leadership)
Product evolves to our Business Credit Line making SME credit bigger, cheaper, faster, and more flexible!
Close new $25m debt facility to fund the next phase of growth.Customer base doubles in 2022.
Product expansion! Launch the pilot of our SME Business Banking product, and begin work on two new products (coming soon!)
We successfully raised US$7 million in funding from International Finance Corporation (IFC) to expand our offerings for Filipino SMEs.
