About us

A next generation Payments Bank built for the new economy

Banking Circle is a fully licenced next generation Payments Bank that is designed to meet the global banking and payments needs of Payments businesses, Banks and Marketplaces.

Through our API, we deliver fast, low cost global payments and banking services by connecting to the world’s clearing systems – enabling our clients to move liquidity in real-time for all major currencies securely and compliantly.

Our solutions are powering the payments propositions of more than 250 regulated businesses, Financial Institutions and Marketplaces, enabling them to gain the geographic reach and access to the markets in which their customers want to trade. We process over 10% of Europe’s B2C e-commerce flows and in 2021 alone, we processed over 250 billion Euros in payments volumes.

Our mission

Our mission is to increase efficiency and reduce costs around cross-border transactions.

Banking Circle is taking on a job that very few other Banks or FinTechs want to tackle. We have committed significant investment to building a unique super-correspondent banking network so that a cross-border transaction that used to take 5 days and cost 50 Euros, takes only 5 seconds and costs 50 cents in the future.

Our milestones

Banking Circle delivers access to 11 local clearing schemes through a combination of direct clearing and partner banks and enables cross-border payments in 24 currencies.

Since our launch in 2016, we have achieved 108% CAGR in payment volumes settled on behalf of Payments businesses, Banks and Marketplaces.

One year after receiving our banking licence we have doubled our client base to more than 250 regulated businesses, Financial Institutions and Marketplaces, including, Stripe, Alibaba, Paysafe, Nuvei, PPRO, Checkout.com and Paymentsense.

  • Saxo Payments launched
  • Awarded ‘Most Disruptive Payments Technology’ at the Emerging Payments Awards
  • Citi signed as global clearing partner
  • Name changed to Banking Circle
  • Virtual IBAN solution launched
  • Processed €50bn in payments volume
  • EQT becomes financial and strategic partner
  • Won nine industry awards
European Banking licence granted in Luxembourg
  • Processed €150bn in payments volume
  • Processed 6% of European B2C e-commerce payments
  • Became connected to the European Central Bank and joined the SEPA clearing scheme
  • Transitioned to 100% cloud-based technology
  • Processed €250bn in payments volume, across 60 million transactions
  • Joined the Danish national intraday clearing scheme

Our investors

In September 2018, Banking Circle was acquired by EQT VIII and EQT Ventures, in partnership with Banking Circle’s founders.

Our locations

We have over 450 employees across four locations.


2 Boulevard de la Foire
L-1528 Luxembourg


68 King William Street
London, EC4N 7HR
United Kingdom


Lautrupsgade 13-15
2100 Copenhagen


Maximilianstrasse 54
D-80538 München

Regulatory Information

Banking Circle has been granted authorisation as a credit institution under point (1) of Article 4(1) of Regulation (EU) No 575/2013, (Bank number LUB00000408) and is under the supervision of the Luxembourg Commission for the Financial Sector (www.cssf.lu).

In September 2018, Banking Circle was acquired by EQT VIII and EQT Ventures, in partnership with Banking Circle’s founders. The acquisition will see EQT support Banking Circle’s continued acceleration of its growth strategy, in current and new geographies, as well as the expansion of the product portfolio.

Headquartered in Luxembourg, Banking Circle also has offices in the UK, Germany and Denmark.

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