19 October 2017

GoCardless raises $22.5 million

19 September 2017  |  5089 views  |  0 Group of arrows with one odd pointing other direction

London-based Direct Debit network GoCardless has raised a further $22.5 million in funding from existing investors Accel, Balderton Capital, Notion, and Passion, as it looks to extend its reach across international borders.

Launched in 2011, the platform is now live in six markets, with Spain, the Netherlands and Sweden joining the UK, France and Germany.

GoCardless is growing its business on the basis of soaring demand for a simpler way to collect recurring payments for companies operating across international borders.

Hiroki Takeuchi, CEO and founder, explains: “As more and more businesses become international, they face endless frustrations in managing payments across multiple territories. What we have engineered is a way to simply plug recurring payments into their existing systems, across the world, so they can focus on the challenges that really matter.”

He says the network is currently handling $4 billion in annual transactions across 30,000 businesses. GoCardless users are collecting payments across the UK, Eurozone and Sweden, with Australia and Denmark coming soon.

Global API partnership deals have also been struck with the likes of Sage, Zuora, Xero and QuickBooks.

Part of London’s thriving fintech movement, the company has now raised a total of $47.5m.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

GoCardless customer data at risk after burglary

GoCardless customer data at risk after burglary

08 February 2017  |  6763 views  |  0 comments | 7 tweets | 10 linkedin
GoCardless to expand globally on back of new $13 million funding round

GoCardless to expand globally on back of new $13 million funding round

23 March 2016  |  4995 views  |  0 comments | 7 tweets | 1 linkedin
GoCardless raises $7m in series b funding

GoCardless raises $7m in series b funding

28 January 2014  |  4139 views  |  0 comments | 6 tweets | 3 linkedin
GoCardless launches 'bitly for payments'

GoCardless launches 'bitly for payments'

31 May 2012  |  5759 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15754 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8919 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8002 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7115 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6260 views comments | 6 tweets | 3 linkedin

Featured job

London, UK (or flexible)

Find your next job