I guess if it makes sense to you, ok, but "continuous growth in a circle" to explain the complex exponential sounds like cloud-gazing to me: the human mind making up patterns where there are none.
The only way it makes sense to me is by looking at the power series and seeing how the exponential power series is almost the same as the sine and cosine power series (alternatively and equivalently: all of the exponential, hyperbolic, and circular functions satisfy almost the same differential equation).
Anyway, my point is that Euler's identity generalizes to any number that encapsulates "sideways" in Euclidean geometry. Any quaternion "x" that is a unit of rotation will satisfy "e^pi*x = -1". You can't get that easily from the power series understanding.
(I first got this picture from the Feynman lecture on algebra, http://www.feynmanlectures.caltech.edu/I_22.html, which doesn't seem to ever explain it that way explicitly. It's funny how memory works.)
Of course there's also value in looking deeper into the foundations.