5 years ago

GoCardless Raises $95 Million in Series F Funding

  • GoCardless, a British payments company, has secured $95 million in new funding, bringing the company's valuation to $970 million

  • The Series F funding round, led by BainCapital, brings the total raised by the company to $240 million

  • GoCardless has seen strong growth in online payments during the pandemic, with 46% year-on-year growth and a 100% increase in new bookings

  • The company has expanded to serve mid-market and enterprise customers and has doubled down on the growing subscription economy.

      • ProblemFinancial Services

      "Businesses struggle to get paid on time by customers. Existing methods like credit cards or bank transfers are slow, expensive, and unreliable."

      Solution

      "GoCardless provides a seamless and secure platform for businesses to collect payments directly from their customers' bank accounts via direct debit. This eliminates the hassle and cost of traditional payment methods, making it faster and more efficient for businesses to get paid."

      Covered on