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Goldman-Backed Cryptocurrency Startup Says It's Profitable

  • Circle Finance hires former Boxed executive Naeem Ishaq as CFO
  • Company has payment app, trading desk for cryptocurrencies
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Bitcoin: What’s Coming in the Year Ahead

Circle Internet Finance Ltd., a Goldman Sachs Group Inc.-backed startup focused on mobile payments and cryptocurrencies, said it has reached profitability and hired a former Boxed Wholesale executive to lead finance and risk.

The company said it expects revenue and profit growth this year. Circle plans to increase its workforce by the end of the year to 400 from 150. The Dublin-based startup also said it hired Naeem Ishaq as chief financial officer and head of risk. Ishaq had been CFO at e-commerce startup Boxed, and previously was head of finance, strategy and risk at payments company Square Inc.