What is GoCardless?
Founded in 2011 and headquartered in London, England, GoCardless operates a global bank debit network platform designed to streamline direct debit collections for businesses. The company has established itself as a key player in the fintech industry, offering a robust solution for recurring payments. Its platform simplifies complex payment processes, enabling businesses to manage subscriptions, invoices, and other payment schedules efficiently. GoCardless's commitment to innovation and its expansive network have positioned it as a critical infrastructure provider for businesses worldwide seeking reliable and automated payment solutions.
How much funding has GoCardless raised?
GoCardless has raised a total of $529.3M across 8 funding rounds:
Series A
$3.3M
Series B
$7M
Series C
$13M
Series D
$22.5M
Series E
$75M
Series F
$95M
Series G
$312M
Series A (2013): $3.3M led by Accel Partners and Passion Capital
Series B (2014): $7M supported by Balderton Capital
Series C (2016): $13M featuring Balderton Capital, Passion Capital, and Notion
Series D (2017): $22.5M backed by Balderton Capital, Passion Capital, Accel, and Notion Capital
Series E (2019): $75M with participation from Salesforce, GV, Adams Street Partners, and Balderton Capital
Series F (2020): $95M led by Bain Capital LP
Series G (2022): $312M supported by BlackRock and Permira
Key Investors in GoCardless
BlackRock
BlackRock is a global investment management firm headquartered in New York City, offering a comprehensive range of investment products and services including mutual funds and exchange-traded funds (ETFs).
Permira
Permira is a European private equity firm founded in 1985, which invests through private equity investments funded by pension funds and other institutions.
Salesforce
Salesforce, founded in 1999, is a global leader in customer relationship management (CRM) software, providing a comprehensive suite of cloud-based solutions for sales, service, marketing, and commerce.
What's next for GoCardless?
The recent major strategic investment signifies a pivotal moment for GoCardless, indicating a strong vote of confidence from its backers. This capital will likely be deployed to enhance its existing platform, expand its global reach, and potentially explore new payment technologies. As GoCardless continues to scale, it is poised to further solidify its leadership in the direct debit and recurring payments market, driving innovation and providing essential financial infrastructure for a growing number of businesses.
See full GoCardless company page
