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  6. Circle Acquires Informal Systems

M&A Deal Summary

Circle Acquires Informal Systems

On August 18, 2025, Circle acquired software company Informal Systems

Acquisition Highlights
  • This is Circle’s 1st transaction in the Software sector.
  • This is Circle’s 1st transaction in Canada.
  • This is Circle’s 1st transaction in Ontario.

M&A Deal Summary
Date 2025-08-18
Target Informal Systems
Sector Software
Buyer(s) Circle
Deal Type Add-on Acquisition

Target

Informal Systems

Toronto, Ontario, Canada
Informal Systems is a provider of blockchain infrastructure and protocol design. Informal Systems was formed in 2019 and is headquartered in Toronto, Ontario.

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Buyer(S) 1

Buyer

Circle

New York, New York, United States
Category Company
Founded 2013
Sector Financial Services
Revenue 1.7B USD (2024)
DESCRIPTION

Circle is focused on harnessing stablecoins and public blockchain technology to power payments and commerce worldwide. Circle Internet was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 3 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 Elements

San Francisco, California, United States

Elements is a merchant and developer-first payments orchestration platform, based in San Francisco, California.

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