Banking Circle is a new bank, that is fully licenced yet free from the legacy systems that can make traditional banking slow and expensive. Banking Circle financial infrastructure is built for Payments businesses and Banks.

Working with Banking Circle and utilising our technology, Payments businesses and Banks of any size are able to seize opportunities in the new economy. Wherever you are based, we deliver the banking services you need quickly, at low cost, compliantly and securely.

Financial inclusivity is at the heart of all we do and every solution we build. Delivering accounts, lending, international payments and settlements, FX and compliance, we give Financial Institutions direct access to clearing that bypasses old, bureaucratic and expensive systems.

Banking Circle is underpinning the service propositions of a wide spectrum of financial institutions, allowing them to focus resources on the customer relationship. Banks and Payments businesses gain the geographic reach and access to the markets in which their customers want to trade, underpinned by a financial utility that enables global payments and settlements through a global account infrastructure, a global FX capability and a secure and compliant banking platform.

Banks and Payments businesses can offer banking services to their customers, helping them to trade globally, at low cost and efficiently. Importantly they can help their customers improve cash flow through enhanced speed of settlement whilst remaining fully compliant with financial regulation.

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 (

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 has offices in the UK, Germany, the Netherlands and Denmark.

Executive Leadership team

Laust Bertelsen

Chief Executive Officer


With more than 15 years in the financial services sector, in particular focusing on FX, Laust Bertelsen brings valuable currency market knowledge to the Banking Circle proposition.

His previous roles at Danske Bank markets, FIH Erhvervsbank and most recently, Saxo Bank, have provided Laust with essential hands-on experience in the development of new products and platforms in the banking industry. This experience will ensure that Banking Circle can challenge market conventions, whilst complying with international payments regulation.

Laust is responsible for day to day management at Banking Circle.

“FinTechs see compliance as a direct threat to their innovative spirit. Our challenge is to give them a solution that delivers compliance without adding cost, time or process to their business models.   Banking Circle enables FinTechs to focus on their core business.”

Mads Ditlevsen

Board member and investor


Mads Ditlevsen is Head of EQT Partners’ Equity Team in Denmark and EQT's office in Copenhagen. Additionally, Mads is Head of EQT's Industrial Technology Sector Team.

Mads joined EQT Partners in January 2004. Between 2007 and 2009 Mads was based in Hong Kong, where he worked for the EQT Greater China Fund.

Mads has extensive experience in value creation in private equity investments, and in executing mergers and acquisitions. Additionally, Mads brings fundamental knowledge of a wide range of industries and geographies acquired from several board positions in EQT-owned companies.

Mads holds a M. Sc. in Finance and Accounting from Copenhagen Business School and Case Western Reserve University, Ohio. Mads’ continued involvement with Copenhagen Business School resides in serving as supervisor and examiner on M. Sc. dissertations.

Wolfgang Gaertner

Chairman of the Board


Wolfgang Gaertner is a Senior Advisor with 30 years of experience as a global tech and ops leader in the financial industry. He was appointed Chairman of the Board of Banking Circle in October 2018.

He held Global CIO roles in Deutsche Bank and Commerzbank. During his career, he was responsible for IT and Operations in virtually all business lines like retail, transaction banking and capital markets. His extended experience as global head of interbank clearing and payments for Deutsche Bank will be specifically valuable for Banking Circle.

Wolfgang holds a diploma in economics and computer science from the University of Karlsruhe (KIT). He served on the Board of SWIFT scrl from 2001 to 2013.

Hjalmar Winbladh

Board member and investor


Hjalmar Winbladh is Partner at EQT Ventures and a seven-time entrepreneur.

Prior to starting EQT Ventures, Hjalmar founded a number of companies including Sendit AB, the first mobile Internet company, which was acquired by Microsoft in 1999. He also founded Wrapp, which allows people to connect in order to get offers and rewards from the companies they shop and spend with.

Additionally, Hjalmar was the co-founder of Rebtel, Sinch, Epidemic Sound and Pedal. He has achieved a number of successful exits for the companies he has founded, including an IPO and two trade sales to publicly listed companies.

Hjalmar was educated at Stockholm University and INSEAD.

Marie-Anne van den Berg

Independent Board Member


Marie-Anne van den Berg has been active in the financial sector in Luxembourg for more than 30 years, predominantly working in Senior roles and as CEO for German banks covering both the business side as well as the operational units of these banks.

Since 1st January 2017 she is acting as an Independent Director; she holds various mandates in CSSF regulated banks, Investment Managers and funds as well as in unregulated structures in Luxembourg.

She maintains an extensive network with the relevant actors in the Luxembourg banking and fund industry. She joined the Board of Banking Circle as of the time of granting of the Banking licence in November 2019.

She is a Certified IDP at INSEAD and a Certified ILA Director.