In September 2021, London-based fintech company, GoCardless announced that it had raised £72.6m (approx. $100m) in a series F funding round led by Bain Capital Ventures and joined by previous investors such as Adams Street Partners, Google Ventures (GV), Salesforce Ventures, and others. The new funds brought the company’s total funding to date to over $250m, making it one of the most well-funded fintech startups in the UK.
GoCardless was founded in 2011 by Hiroki Takeuchi, Tom Blomfield, and Matt Robinson, with the goal of making it easier for businesses to collect recurring payments through direct debit. The company has since expanded atozmp3 its services to include a range of payment solutions such as bank transfers, credit and debit cards, and digital wallets. It currently serves over 55,000 businesses in more than 30 countries, including the UK, Europe, the US, Australia, and New Zealand.
With the new funds, GoCardless plans to expand its global footprint, particularly in North America, where it aims to capitalize on the growing demand for recurring payment solutions. The company also plans to invest in product development, particularly in areas such as open banking, and to hire new talent across all its offices.
GoCardless’ success is a reflection of the growing demand for digital payment solutions, particularly in the B2B sector. The COVID-19 pandemic has accelerated this trend, as more businesses move online and seek to streamline their payment toonily processes. GoCardless is well-positioned to benefit from this trend, with its focus on recurring payments and its global reach.
The company’s success has not gone unnoticed, with several industry awards to its name, including the Deloitte UK Technology Fast 50 and the UK Tech Awards. Its investors are also bullish about its prospects, with Eric Yuan, the masstamilanfree founder and CEO of Zoom, describing GoCardless as “one of the most innovative fintech companies in the world”.
However, the company faces stiff competition from established players such as PayPal and Stripe, as well as newer entrants such as Square and Adyen. To stay ahead of the curve, GoCardless will need to continue to innovate and invest in its technology, while also building masstamilan strong relationships with its customers.
Overall, GoCardless’ latest funding round is a testament to its success and its potential for further growth. With a strong team, a justprintcard proven track record, and a focus on customer-centric solutions, the company is well-positioned to become a leading player in the global digital payments market.