Circit, an audit evidence collection platform, has announced it has raised $22.0 million in a recent funding round. The company provides a solution for firms to verify the world's assets at source, helping teams save significant time on processes, track request statuses, and improve collaboration with evidence providers. By streamlining direct-from-source collection, Circit enables firms to deliver higher quality audits and elevate the client experience.
The Circit platform offers a fully integrated suite designed to facilitate various use cases across audit, tax, and funds. Its comprehensive offerings include confirmations, robust client collaboration tools, and transaction-level third-party evidence. With a strong focus on security, Circit operates as a directly regulated platform, ensuring seamless and secure connections for all stakeholders involved in the verification process.
This substantial investment underscores investor confidence in Circit's innovative technology and its potential to transform the financial verification landscape. The capital secured in this funding round will be strategically deployed to accelerate the company's product development initiatives, expand its market reach into new territories, and scale its operational capabilities to meet growing demand.
The funding is expected to bolster Circit's mission to enhance audit quality and efficiency globally. Looking ahead, Circit aims to leverage this investment to further solidify its position as a leading provider of audit evidence solutions, driving continuous innovation and supporting its long-term growth trajectory in the financial services sector.
