Circle Coverage on thetimes.co.uk
A company that operates a money app like a social media platform has attracted more than $130 million of investment Jeremy Allaire, chief executive of Circle, says he is connecting “digital wallets”Christopher Lane/The TimesCircle, a financial technology start-up, has a simple idea that it hopes will have big implications. It wants to do for money what email did for communications and enable funds to be sent to anyone, anywhere, quickly and free. “Making payments should be as easy as using social media,” Jeremy Allaire, chief executive of Circle, says. “The internet and software will change how the financial system works.” The company allows users to upload money from their bank account and send it to friends as a message using the Circle app.