The new roles will mainly be in software engineering and development, with some positions in other departments such as sales and customer success.
Irish startup Circit plans to double its workforce by 2023 to support its global expansion goals.
The company has partnered with tech recruiter Martinsen Mayer to hire 50 new employees over the next year. The recruitment effort is also part of the plans to expand Circit’s product range.
Circit said the roles will mainly be in software engineering and development, but there will also be new positions in other departments such as sales and customer success. Current vacancies on the company’s website include remote and hybrid options.
In May, the company secured €6.5 million in Series A funding to develop its financial audit management platform. Circit CEO David Heath said the startup is currently in a “lucky position”.
“While many technology companies are having to downsize their teams in these tough times, our products are in demand from customers who want greater efficiency,” Heath said. “Regulation and compliance also tend to become even more robust during economic downturns, so our business model is very robust.”
Circit was founded in 2017 and counts more than 200 audit firms including Deloitte and PwC among its clients. Headquartered in Dublin, the company also has operations in the UK and Spain, with clients across Europe, the US, Australia and the greater APAC region.
Circit grew significantly during the pandemic, growing its workforce from seven to a team of 35. It raised €1.1 million in a funding round in July 2020 to accelerate its international expansion and create 20 new jobs.
Last year, Circit acquired UK-based Audapio, a technology company that builds data analysis tools for financial auditing and fraud monitoring. In February, it signed a deal with Danske Bank UK to integrate its technology with the bank’s audit confirmation response operations.
Heath said the appearance of the global financial system is expected to have its “biggest shift in history” over the next ten years, where every business will have “embedded financial technology”.
“Circit is at the forefront of this technology,” Heath said. “The work our teams are doing today will shape how companies deal with the regulations for years to come.
“New team members will join our fast-paced, agile, forward-looking business as it scales upward and beyond.”
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