2015年，来自爱尔兰的Lynch和来自荷兰的Jorrit Koop、前任Web Summit首席技术官Tony Ennis共同创立了这家金融科技创新企业First Circle。该平台主要关注中小企业借贷市场，一般提出申请的借款方在24小时之内就能得到申请回复。
本周二，这家总部位于菲律宾的企业成功收获了120万美元种子轮投资。这次融资由来自都柏林和伦敦的Key Capital领投，500 Startups和新加坡的IMJ Investment Partners也进行了跟投。
今年6月，比特币创业企业SCI宣布旗下汇款业务获得韩国K Venture Group种子轮投资。而这家公司随后又在8月收购了比特币平台Keza，而这也可以算是其在2015年4月收购BuyBitcoin.ph后在金融科技市场的又一次进展。
而早在今年3月，Pitaca Digital Services也借助菲律宾Carrillion Partners的资助完成了种子轮投资。而回溯到2015年10月，借贷创企Lenddo也曾在Blumberg Capital和Golden Gate Ventures的支持下完成了B轮投资。
First Circle, a Philippines-based company with Irish leadership, announced a strong $1.2 million seed investment Tuesday led by Dublin-and-London-based Key Capital with money also coming from 500 Startups and Singapore-based IMJ Investment Partners.
Lynch founded the company in 2015 alongside Jorrit Koop of the Netherlands and his partner former Web Summit CTO Tony Ennis. First Circle takes cash-flow loan applications from SMEs, boasting it can return decisions on those loans within 24 hours.
The Philippines is a small tech market, particularly in FinTech, though it hasn’t been completely unwatered in terms of seed funding this year.
Bitcoin startup Satoshi Citadel Industries (SCI) announced a seed round led by South Korea’s K Venture Group back in June for its remittances business. The company later acquired bitcoin startup Keza in August to followup on its buy-out of BuyBitcoin.ph in April 2015. Back in March, Pitaca Digital Services (PDS) raised a seed round from fellow Filipino corporation Carrillion Partners. In October 2015, credit startup Lenddo closed a Series B round that included backing from Blumberg Capital and Golden Gate Ventures.
There is some VC activity particularly focused on local FinTech companies, such as Narra Venture Capital in Manila, and a new FinTech-focused accelerator opening in Manila through coworking hub A SPACE. Mentors for that program will include leaders from SCI and other growing FinTech startups PawnHero and Qwikwire.
“Much like in Ireland small businesses are the life blood of the Filipino and South East Asian economies,” says Lynch. “Yet, despite their potential in a rapidly expanding economy, we were surprised by the lack of support offered to local businesses, particularly when it comes to access to capital.”