GoCardless closes $22.5m funding round
Written by Chris Lemmon
London-based payments FinTech GoCardless has secured $22.5 million in funding, led by existing investors Accel, Balderton Capital, Notion and Passion.
GoCardless has created a new international payments network to help businesses take and settle recurring payments from anywhere and in any currency. Users are currently able to collect payments from the UK, the eurozone countries and Sweden, with Australia, Denmark and others soon to follow.
Hiroki Takeuchi, CEO and founder, explained: “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.”
Martin Gibson from Accel, added: “We look for businesses solving real problems and using tech to make cumbersome processes scalable. GoCardless has already demonstrated tremendous growth in this area, and recent hires at the senior level show it is building the business to own this sector.”
“To see GoCardless with such a head start on this mission, yet still pushing to accelerate faster, is exactly what we look for in our founders.”