Circula Raises $13.5M for International Expansion
Summary
Headquartered in Berlin, the 5-year-old company offers firms an employee finance app that can be used to process expenses and benefits digitally. Its software has gone from simplifying the lives of travelers and accountants at startups to a tool for small- to medium-sized businesses (SMBs) and mid-market clients, the blog post stated. Last year, Circula’s revenues grew at a 270% year-over-year clip, and the company went from producing one expense management product to multiple ones, including the employee benefits and corporate card, according to the post. In partnership with Stripe, Arc said it is building a first-of-its-kind FinTech solution where software founders can borrow, save and spend on one comprehensive digital platform. Its introductory product, Arc Advance, allows SaaS founders to convert future revenue into upfront capital without dilution at the click of a button.
Funding
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