First Circle
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First Circle - overview
Established
2015
Location
Taguig City, -, Philippines
Primary Industry
Financial Services
About
Based in Taguig City, Philippines, and founded in 2016 by CEO Patrick Lynch, First Circle Growth Finance Corp. operates as a fintech company providing loans to the SME sector through its online platform. In June 2024, First Circle raised USD 7 million in venture funding from International Finance Corporation. First Circle Growth Finance Corp.
offers a product known as the Revolving Credit Line, offering credit limits of up to 20 million with no collateral required. The company allows users to apply online and, if qualified, access funds within two business days. In addition, the firm provides various products and services such as revolving credit line, SME loan, growth partners program, and project finder.
Current Investors
500 Global, Key Capital, Spiral Ventures
Primary Industry
Financial Services
Sub Industries
e-Financial, Credit Collections & Services, Consumer Finance, Internet
Website
www.firstcircle.ph
Verticals
FinTech, FinTech
Company Stage
Series B
Total Amount Raised
Subscriber access only
First Circle - timeline of key events
First Circle - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 276,203 | 476,764 | 1,426,352 | 4,759,286 | 4,014,221 | - | - | - |
| % Revenue Growth (YoY) | - | 72.6% | 199.2% | 233.7% | (15.7%) | - | - | - |
| EBITDA (USD) | (497,652) | (1,126,996) | (1,931,108) | (1,731,160) | (9,103,298) | - | - | - |
| Operating Income (USD) | (499,544) | (1,157,002) | (2,132,282) | (2,234,484) | (9,850,885) | - | - | - |
| Operating Margin | (180.9%) | (242.7%) | (149.5%) | (46.9%) | (245.4%) | - | - | - |
| % EBITDA Margin | (180.2%) | (236.4%) | (135.4%) | (36.4%) | (226.8%) | - | - | - |
| NET Income (USD) | (499,544) | (1,170,481) | (2,315,400) | (2,874,416) | (8,206,400) | - | - | - |
| % Net Margin | (180.9%) | (245.5%) | (162.3%) | (60.4%) | (204.4%) | - | - | - |
First Circle - employee data
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