Bank on us for faster, lower cost, global banking

Banking Circle is a global scale financial utility, underpinning the service propositions of a wide spectrum of financial institutions, allowing them to focus resources on the customer relationship.

Membership of Banking Circle gives financial institutions the geographic reach and access to the markets their customers want to trade in, 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.

For banks, Banking Circle offers an add-on to the correspondent banking model.

For Financial Tech businesses, Banking Circle offers an alternative for managing multiple banking relationships in different regions.

By becoming a member of Banking Circle, financial institutions 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.

Banking Circle is headquartered in Luxembourg and has offices in Copenhagen, Amsterdam, Berlin and London.

Executive Leadership team

Anders la Cour

Chief Executive Officer


Co-founder and Chief Executive Officer of Banking Circle, Anders la Cour previously worked as a technology and financial M&A lawyer at a tier one law firm in Copenhagen.

His experience in legal M&A, as well as in venture capital, coupled with his strong commercial acumen and entrepreneurial mind-set means Anders understands the financial tech industry. In identifying a flaw in how the FinTech sector is serviced by the banks, he has seized the opportunity to bring a solution to market that will be a serious game-changer and challenger to the status quo.

Anders was a top graduate from the University Master of Laws in Denmark, and was admitted to the Bar in 2008.

Anders is responsible for the day to day management of Banking Circle as well as investor relations.

“Because FinTechs have been, rightly, focused on improving the customer’s user experience, the banking side of the equation hasn’t been addressed to the same degree. This means they haven’t had the ability to offer international bank transfers that match their ‘no barriers’ ambitions. That’s where Banking Circle comes in.”

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.”

Lars Torpe Christoffersen

Board member and investor


Lars Torpe Christoffersen holds several Board positions in companies throughout Scandinavia and the rest of Europe, and has more than 12 years’ experience in the mergers and acquisitions field.

In his former position as President at Denmark’s main telecommunications operator, TDC, Lars achieved solid year-on-year delivery of targets and budgets, continuously breaking new ground for business growth.

As an entrepreneurial investor, Lars is committed to hands-on management and building strategic partnerships and initiatives to secure efficient return on investments for emerging companies.

At Banking Circle, Lars is a Board member and adviser to the 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.

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