Philippines: Accion, DeepBlue upsize First Circle’s seed fund to $2.5m

From left seated, are First Circle executives: CFO Tim Glynn, CEO Patrick Lynch, and CTO Tony Ennis. From left standing, are VP external relations Benedict Carandang, head of customer experience China Tanchanco, VP operations Vasyl Davydko, HR head Fleur Saguid, and product manager Brian McKiernan.

Global venture capital firms Accion Venture Lab and DeepBlue VC have led an investment round in Philippines-based online lending startup First Circle, taking the fintech company’s total seed funding to $2.5 million.

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