GoCardless provides payment solutions that help businesses automate collections, reduce late payments, and improve cash flow. Its platform enables companies to accept recurring and instant payments through direct bank debit, removing reliance on cards.
The company serves more than 75,000 businesses worldwide across industries such as SaaS, financial services, education, and utilities. GoCardless integrates with major accounting and ERP platforms, helping finance teams streamline reconciliation and payment tracking.
What Is GoCardless and What Does It Do?
GoCardless, founded in 2011, is a London-based (United Kingdom) payments company focused on bank-to-bank transactions.
The company provides recurring payment solutions, one-off payments, and open banking capabilities that allow businesses to collect money directly from customer bank accounts. Its platform reduces payment failures, lowers transaction costs, and improves payment reliability.
GoCardless employs between 501-1,000 people, supporting customers across Europe, North America, and Asia-Pacific.
How Much Funding Has GoCardless Raised?
1. Seed Round
- Amount Raised: $1.5M
- Date: February 2012
- Lead Investors: Accel, Passion Capital, Y Combinator
- Motivation: To build and launch the initial bank-to-bank payments platform.
2. Series A
- Amount Raised: $3.3M
- Date: April 2013
- Lead Investors: Accel, Passion Capital
- Motivation: To expand the team and scale early customer adoption.
3. Series B
- Amount Raised: $7M
- Date: January 2014
- Lead Investors: Balderton Capital
- Motivation: To enhance product capabilities and expand market reach.
4. Series C
- Amount Raised: $13M
- Date: March 2016
- Lead Investors: Notion Capital
- Motivation: To accelerate international expansion and platform development.
5. Series D
- Amount Raised: $22.5M
- Date: September 2017
- Lead Investors: Accel
- Motivation: To scale operations and enter new global markets.
6. Series E
- Amount Raised: $75M
- Date: February 2019
- Lead Investors: Adams Street Partners, GV, Salesforce Ventures
- Motivation: To expand customer base and invest in payment infrastructure.
7. Series F
- Amount Raised: $95M
- Date: December 2020
- Lead Investors: Bain Capital Ventures
- Motivation: To invest in open banking and new payment products.
8. Series G
- Amount Raised: $312M
- Date: February 2022
- Lead Investors: Permira
- Motivation: To build a global bank-to-bank payments network and scale internationally.
Total Funding Raised: $540 Million
Last Known Valuation: $2.1 Billion (as of Feb 2022)
Latest Funding Date: February, 2022
Key Investors
1. Permira
- Details: A global private equity firm focused on long-term growth investments.
- Investment Focus Areas: Technology, fintech, consumer, services.
- Notable Investments: GoCardless, Klarna, Allegro, Genesys.
2. Accel
- Details: A leading global venture capital firm backing technology companies from early to growth stages.
- Investment Focus Areas: Software, fintech, internet platforms.
- Notable Investments: GoCardless, Facebook, Slack, Dropbox.
3. Bain Capital Ventures
- Details: Venture arm of Bain Capital investing in disruptive technology companies.
- Investment Focus Areas: Fintech, SaaS, infrastructure, healthcare.
- Notable Investments: GoCardless, LinkedIn, DocuSign.
4. BlackRock
- Details: The world’s largest asset manager with investments across global markets.
- Investment Focus Areas: Financial services, technology, infrastructure.
- Notable Investments: GoCardless, Stripe, Paytm.
Where Is GoCardless’s Headquarters?
GoCardless is headquartered in London, United Kingdom, with offices and operations across Europe, North America, and Asia-Pacific.
What’s Next for GoCardless?
GoCardless is focused on expanding its global open banking payments network and positioning bank-to-bank payments as a mainstream alternative to cards. With strong backing and increasing regulatory support for open banking, the company aims to deepen enterprise adoption and process billions in recurring and instant payments worldwide.
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