First Circle Raises USD$2.5M in Funding

First Circle, a Manila, Philippines-based fintech startup that uses technology to lend to small and medium-sized enterprises (SMEs), raised USD$2.5m in funding.

Backers included Accion Venture Lab, Deep Blue VC, 500 Startups, IMJ, and Key Capital.

The company, which has also received an undisclosed sum of debt funding, will use the capital to further develop its technology and data analytics platform, deepen its position in the Philippines and expand access to credit in Southeast Asia.

Led by CEO Patrick Lynch, First Circle has developed proprietary software and credit scoring tools to increase access to financial services for SMEs in Southeast Asia.



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