Tech Lowdown: Circit, Crises Control, Revolut, Curve and OnfidoMTM Legal
Chat to your MTM Legal Account Manager or email them for any advice or service requests that this article from Accounting Web may raise.
Dublin audit fintech Circit raises €1.1m
Dublin-based audit confirmation platform Circit recently raised €1.1m in investment capital, led by Commodore investments. Other investors include Enterprise Ireland and finance investors: former CEO of Ulster Bank Jim Brown, and former AIB general manager John Power and ex-KPMG and of ICON Plc CEO Peter Gray.
“The recent Wirecard fraud has highlighted how balance confirmations are critical in preventing large scale corporate failures,” said Circit CEO David Heath. “Circit’s platform is built for this very purpose, to help auditors obtain the evidence they need from an independent and validated source.”
The funding will be used for 20 new hires, scaling and global expansion of the company.
Crises Control releases toolkit to support return to office communication
Crises Control, a communication system for crisis response and company announcements, has unveiled a pandemic response toolkit for reopening offices and furloughed staff returning to work.
The toolkit enables clients and stakeholders to communicate critical messages and company announcements with employees as offices reopen.
Crises Control’s “quick-start incident pandemic toolkit” includes a pre-prepared incident response messages which can be immediately sent to all employees, suppliers and other stakeholders in the case of a sudden outbreak, localised lockdown, or general emergency. The toolkit also contains a recommended protocol to facilitate the return to work.
Revolut launches price comparison service with Decision Tech
Moneysupermarket Group price comparison technology company Decision Tech has partnered with Revolut to launch the price comparison service Essentials.
Revolut’s UK customers can use the service to find and switch to cheaper providers for gas, electricity, broadband, mobile, and TV.
Decision Tech’s white-labelled B2B capability means Revolut can offer its UK customers high-end personalised comparison and switching services, with access to exclusive deals via the Revolut app.
Curve looks to raise £100m in funding and partners with Onfido
Banking integration fintech Curve is looking to raise £100m – £120m in a Series C round of funding.
If Curve is successful, this funding round will be the second biggest investment raised by a European fintech during the coronavirus pandemic. The current top slot goes to payments startup Checkout, which hit a $5.5bn valuation and raised $150m in June.
Last week, Curve also announced its partnership with identity verification and authentication system Onfido in order to consolidate and improve its digital identity and know your customer (KYC) processes.