November 14, 2013
Circle Names Former Banking Industry Exec and Head of U.S. Consumer Financial Protection Bureau, Raj Date, to Board of Directors
We are very excited to announce that Raj Date has joined Circle's board of directors. Raj brings decades of public and private sector experience, including Special Advisor to Treasury Secretary Tim Geithner, Deputy Director of the U.S. Consumer Financial Protection Bureau, and senior executive positions at Capital One and Deutsche Bank. Raj will play a critical role as we continue to advance our commitment to the highest standards of consumer protection, privacy and regulatory compliance.
Circle launched last month with $9 million in Series A funding from Jim Breyer, Accel Partners and General Catalyst Partners. Raj joins Jim Breyer (Accel), David Orfao (General Catalyst) and Circle CEO Jeremy Allaire on the company's board of directors.
Circle is developing products that make it easy to exchange, store, send and receive digital currency. For businesses and charities, Circle is providing merchant services for accepting digital currency payments. By building financial products and services on top of Bitcoin, Circle is able to offer faster transactions, lower costs, greater privacy safeguards and increased protection against fraud and identity theft.
Commenting on today's announcement, Raj said: "Products that use digital currency have the potential to remove significant friction from our financial lives, and to expand financial inclusion for the underbanked around the world. Circle is well positioned to lead innovation in the space and to champion mainstream adoption of promising new technologies, like Bitcoin. I’m thrilled to join the board and look forward to working with the team on an exciting new generation of consumer financial products and services."
To learn more about Raj and today's announcement, please read the full press release.