Payment provider Circle manged a series D funding of $60 million from Chinese investors to help fund the upcoming subsidiary, Circle China.
Ah c'mon guys, Chinese Circle sounds SO MUCH cooler!
The funding was led by IDG Capital, with Breyer Capital, General Catalyst Partners, SilverLake co-founder Glenn Hutchins and Sam Palmisano (IBM) contributing.
They've also added new strategic partners in the region including Baidu, CICC Alpha, China EverBright Investments, Fenbushi Capital and CreditEase.
This indicates a preparations for Chinese Circle ... or Circle China ... to arrive should begin.
Did you know?Here's an interesting fact about Circle not allot of folks know. Circle is FDIC insured. Yep. Just like your bank and funds held in accounts with Circle are insured for up to $250,000 ... now you know.
Like Coinbase, Circle is still calling itself a start-up and raising money down the alphabet. They raised $9 million in 2013 and $50 million last year on top of this $60 million D series.
Perhaps they can toss a couple bucks into making it easier to pay merchants? The browser way sucks.
Long live Chinese Circle!
Report by dinbits
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