GoCardless valued at $2.1bn

Direct bank payment business GoCardless has announced a Series G funding round of $312 million.

The company is now the latest unicorn in the European and UK tech space, with a value of $2.1 billion.

It said that the funding will be spent on growing its footprint in the Open Banking market via product and geographical expansion.

“The rise of open banking presents a once-in-a-generation shift, one that will change the way payments happen all over the world,” said Hiroki Takeuchi, co-founder and chief executive, GoCardless. “I am delighted to have partners like Permira and BlackRock Private Equity Partners on board, with their global footprint and strong expertise in tech, to support us in building a direct bank payment network that lets payments flow freely, without cards, expiration dates or extra costs.

“I look forward to working with them and our new board members to accelerate the future development of GoCardless.”

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