In 2017 it became clear that an independent future for Cirkle was not feasible. Cirkle’s societal impact stood at 2.9, meaning that the company’s activities returned a value to society at almost 3 times the inputs. Nevertheless, without a profitable business model, this is not sustainable. After more than a year of search for a strategic party, SI2 Fund concluded to stop further funding on an independent basis. Cirkle filed for bankruptcy end of June 2018 and the services to clients have come to a stop.
We are grateful to all Cirkle clients who have trusted and supported the company in its attempt to build an impactful and profitable business.