The head of financial institution partnerships at Circle, Chuck Kimble, quit his company for an identical role at another company, Celo. Blockchain Startup Celo Recruits Circle’s Stablecoin Pitchman.
The company revealed in a press release that Kimble will be their new head of financial institution partnerships. His primary task will be to assist his company “to bring better financial products to emerging markets and under-served populations around the world”.
Celo founder, Rene Reinsberg, stated that “Chuck brings a ton of business development and digital payments experience to Celo and he’ll play an instrumental role in encouraging the development and scaling of products globally.” He further went on to say that Chuck is highly revered in the financial tech industry. Also, knows exactly how to help people and families that do not have access to financial services.
Circle recruited Kimble in June of last year. He led the business development and promotion of USDC. This is during his brief stint at the crypto trading and payments firm.
According to reliable sources, USDC is currently the second largest stablecoin in market capitalization. Also, hold the no.19 spot in terms of cryptocurrencies overall.
Kimble spent three years at another blockchain startup, Dashlane, as the maker of a password manager and digital wallet application.
He oversaw collaborations at Visa and guided the company’s teams in New York, Miami, Singapore, and London. Also, he was holding the responsibility for account strategy, business planning, recruiting and guidance, as per his LinkedIn profile. He spent a total of three years there.
Kimble announced in a press release, “I’ve spent the vast majority of my career advancing digital payments and I see tremendous opportunity for Celo to improve the livelihood of millions of people around the world who today are involuntarily detached from the global financial system”.
Polychain capital, Andreessen Horowitz, Coinbase ventures and Square founder Jack Dorsey have currently invested in Celo.