8 years ago

GoCardless Raises $22.5 Million to Expand Recurring Payments Business

  • GoCardless, a London-based fintech startup that makes recurring payments easy for subscription businesses, has raised $22.5 million in Series C funding led by Accel, with participation from Balderton Capital, Notion, and Passion Capital

  • The company, which operates in the U.K., Eurozone, and Sweden, is planning to expand into Australia and Denmark soon

  • GoCardless has processed over $4bn worth of transactions across more than 30,000 organisations in the U.K

  • and Europe, working with small startups and large enterprises across a number of industries.

      • ProblemTechnology

      "Many businesses struggle with managing recurring payments across different countries. They have to deal with different payment methods, currencies, and regulations, which can be time-consuming and expensive."

      Solution

      "GoCardless offers a simple and efficient way for businesses to collect recurring payments from customers worldwide. Their platform handles all the complexities of cross-border payments, allowing businesses to focus on growing their business."

      Covered on