Payments app Circle raises $60 mln in China expansion

Circle allows cross-currency transfers of pounds and dollars at rates that it says are better than other money transfer services. (Representative Image: Reuters) US based payments app Circle has raised $60 million from Chinese investors and launched a company in China, as it seeks to expand in the world’s second-largest economy.
The latest funding comes from existing investor and Beijing-based tech investment fund IDG Capital Partners, as well as Chinese firms including Baidu, CICC Alpha