GoCardless

GoCardless

GoCardless is a payments company that developed global payments network based on the bank to bank payment systems. It participated in the S11 cohort of Y Combinator

Overview

GoCardless was founded by Matt Robinson, Hiroki Takeuchi, and Tom Blomfield in 2011. The London-founded company developed a platform that allows customers to pay businesses through recurring or one-off bank payments or automated clearing house (ACH) transfers. The product is most commonly used for B2B transactions, such as invoicing, paying for items or services as installments, or recurring subscription payments (SaaS services).

Product and company information

GoCardless developed its global ACH network, also known as its global debit network, to reduce the overhead costs of money processing in business transactions, making checks, money orders, credit cards, and traditional cash transactions. The GoCardless global debit network is operational and available in over 30 countries around the world through an API cloud-based platform.

Unicorn status

In December of 2020, GoCardless secured $95M in Series F funding from Bain Capital, which secured GoCardless the future title of "unicorn," a term used in the venture capital industry to describe a privately-held startup that is valued at $1 billion or more. After the Series F round, GoCardless was valued at $970 million, most accurately described as a "soonicorn" status.

Timeline

December 17, 2020
GoCardless raises $95 million in Series F funding.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
GoCardless funding round, February 2019
75,000,000
February 2019
7 Results
Results per page:
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People

Name
Role
LinkedIn

Hiroki Takeuchi

co-founder

Achim Weimert

Employee

Adam Flood

Employee

Ahmed Badr

Attorney

Amaury de Closset

Employee

Anand Swaminathan

Investor

Angus Bayley

Employee

Anthony McCabe

Employee

Ashley Groom

Employee

Astrid Trost

Employee

Ben Miller

Employee

Ben Sims

Employee

Christine Cheung

Employee

Christopher Kile

Investor

Corinne Thompson

Employee

Duncan Barrigan

Employee

Duncan Coleman

Employee

Eileen Burbidge

Investor

Faisal Galaria

Investor

Gabriel Taborda

Employee

Gabriela Matias

Employee

Galen Han

Employee

George Allen

Employee

George Britton

Employee

Georgia Gunyon

Employee

Page 1 of 4

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Callum Burroughs
December 17, 2020
Business Insider
GoCardless is a payments processor that competes with US giant Stripe and is the latest in a string of major European fintechs to fundraise in 2020.
Crunchbase News
December 17, 2020
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
Freya Pratty
December 17, 2020
Sifted
British payments company GoCardless has secured $95m in new funding, bringing the company to near unicorn status with a $970m valuation.
Steve O'Hear
December 17, 2020
TechCrunch
GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has raised $95 million in Series F funding. According to The Telegraph newspaper, this gives the company much coveted unicorn status. However, I understand the round values GoCardless at just over [...]
Steve O'Hear
December 17, 2020
TechCrunch
GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has raised $95 million in Series F funding. According to The Telegraph newspaper, this gives the company much coveted unicorn status. However, I understand the round values GoCardless at just over [...]
By Dan Whitworth
December 3, 2020
BBC News
Phil Lind says his mother, Ursula, had money stolen from her bank account after criminals beat security.
Steve O'Hear
November 20, 2020
TechCrunch
Index Ventures, a London- and San Francisco-headquartered venture capital firm that primarily invests in Europe and the U.S., recently announced its latest partner. Carlos Gonzalez-Cadenas, currently COO of London-based fintech GoCardless and previously the chief product officer of Skyscanner, will join Index in January. Gonzalez-Cadenas is a seasoned entrepreneur and operator, but has also become [...]
Steve O'Hear
November 20, 2020
TechCrunch
Index Ventures, a London- and San Francisco-headquartered venture capital firm that primarily invests in Europe and the U.S., recently announced its latest partner. Carlos Gonzalez-Cadenas, currently COO of London-based fintech GoCardless and previously the chief product officer of Skyscanner, will join Index in January. Gonzalez-Cadenas is a seasoned entrepreneur and operator, but has also become [...]
Steve O'Hear
November 11, 2020
TechCrunch
Index Ventures, the London and San Francisco-headquartered venture capital firm that primarily invests in Europe and the U.S., has recruited its latest investment partner. Carlos Gonzalez-Cadenas, who is currently the COO of London-based fintech GoCardless and was previously the chief product officer of Skyscanner, is joining Index in January, TechCrunch can reveal. For those not [...]
Steve O'Hear
November 11, 2020
TechCrunch
Index Ventures, the London and San Francisco-headquartered venture capital firm that primarily invests in Europe and the U.S., has recruited its latest investment partner. Carlos Gonzalez-Cadenas, who is currently the COO of London-based fintech GoCardless and was previously the chief product officer of Skyscanner, is joining Index in January, TechCrunch can reveal. For those not [...]
Samantha Hurst
June 2, 2020
Crowdfund Insider
Click HERE to find out ⭐ UK Fintech GoCardless Announces New Partnership With YayPay. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Romain Dillet
December 3, 2019
TechCrunch
On December 11 and December 12, some of the brightest mind in fintech are coming to TechCrunch Disrupt in Berlin. While we'll sit down with some of the most famous tech CEOs and investors, the agenda is particularly packed when it comes to fintech. On the main stage, I'll interview GoCardless CEO Hiroki Takeuchi about [...]
Steve O'Hear
November 6, 2019
TechCrunch
GoCardless, the London fintech that makes it easy for businesses to offer recurring bank payments, has partnered with TransferWise for its currency exchange. The move sees GoCardless utilise the TransferWise API and the money transfer company's "TransferWise for Business" product and in turn provide TransferWise's FX rates to its own customers. More broadly, the partnership [...]
Romain Dillet
October 10, 2019
TechCrunch
GoCardless has been around for 8 years. But the company has experienced tremendous growth over the past couple of years. It now has a shot at becoming a global leader when it comes to payments via direct debit. Its co-founder and CEO Hiroki Takeuchi has become a fintech expert, and that's why I'm excited to [...]
Steve O'Hear
September 17, 2019
TechCrunch
GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has launched a U.S. debit solution. The company has also opened an office across the pond in San Francisco's financial district, headed up by Andrew Gilboy, general manager, North America, who [...]
Steve O'Hear
September 17, 2019
TechCrunch
GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has launched a U.S. debit solution. The company has also opened an office across the pond in San Francisco's financial district, headed up by Andrew Gilboy, General Manager, North America, who [...]
July 11, 2019
WebWire
GoCardless, a global direct debit network headquartered in the UK, has selected Oracle NetSuite to support its mission to take the pain out of getting paid for businesses with recurring revenue. With NetSuite, the fintech company, which grew by 60 percent in the last year, has been able to automate financial management and help reduce the complexities of operating across multiple markets, currencies and tax laws as it rapidly expands its international operations. Founded in 2012, GoCardle...
Steve O'Hear
Invalid Date
TechCrunch
Compared to startups born into the frothy London fintech space as it exists today, 2011-founded GoCardless could well be considered a slow burner. However, in more recent years, the nearly 300 person company -- headed up by co-founder and CEO Hiroki Takeuchi -- has undoubtedly stepped on ...

References

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