Company:GoCardless

From HandWiki
GoCardless
TypePrivate
IndustryFinancial technology
services
FoundedFebruary 24, 2011; 15 years ago (2011-02-24)
Founders
  • Hiroki Takeuchi
  • Tom Blomfield
  • Matt Robinson
Headquarters
London, United Kingdom
Key people
  • Hiroki Takeuchi (CEO)
ProductsDirect Debit payments
Open Banking
Payment processing
Website{{{1}}}

GoCardless is a British fintech company that specialises in bank payments including recurring payments, Direct Debit processing and Open Banking. GoCardless is headquartered in London.[1][2]

GoCardless provides a payment gateway that enables businesses to set up and manage payments, subscriptions and invoices with automated payment processing.[3] As of 2025, the company's technology is used by 100,000 businesses and processes $130 billion of transactions every year.[4][5]

History

GoCardless was founded in 2011 by Hiroki Takeuchi,[6] Matt Robinson, and Tom Blomfield, who were students at Oxford University at the time.[7][8][9] The company's initial focus was on providing a platform for small and medium-sized businesses to collect recurring payments via direct debit.[10] In 2012, the company received £1.5 million in funding from investors, including Y Combinator, Google Ventures, Salesforce and Accel Partners.[11][12][13]

In 2013, GoCardless launched its service in the United Kingdom, and the company expanded into Europe in 2014, launching in France, Germany, and Spain following its $7M Series B which was led by Balderton Capital.[14][15][16] In 2017, the company raised $22.5 million in a Series D funding round, bringing its total funding to $47.2 million.[17] In 2018, GoCardless launched its service in the United States with an office opening in San Francisco.[3][18] In 2020, the company expanded into Australia and New Zealand and raised $95 million, becoming a startup unicorn.[2][3][19][20][21]

In 2022, the company raised $312 million in investment valuing it at $2.1 billion.[22][23]

In early 2025, Dutch payments firm Mollie was reported to be in talks to acquire GoCardless, in a deal that would combine two of Europe's largest privately held fintech companies.[24] Those reports suggested the transaction could value GoCardless at around $1.5 billion, compared with its $2.1 billion valuation in 2022.[24] In December 2025, Mollie announced that it had signed an agreement to acquire GoCardless for €1.05 billion in a mostly stock-based deal, forming a combined group valued at around €3 billion. The transaction is subject to regulatory approvals and is expected to close by mid-2026.[25][26]

Partnerships and acquisitions

In 2018, GoCardless partnered with QuickBooks, a maker of cloud-based accounting software, to offer customers direct debit as a payment option. The partnership provided QuickBooks' customers with a way to collect recurring payments from their customers.[27][28]

In 2020, GoCardless announced a partnership with Zuora, a cloud-based subscription management platform. The partnership aimed to simplify the subscription billing process for Zuora's customers by providing them with access to GoCardless' global direct debit network.[29][2]

In July 2022, GoCardless announced that it had signed an agreement to acquire the Open Banking provider Nordigen for an undisclosed sum.[30]

In March 2024, it was announced GoCardless had acquired the payment services company, Sentenial (operating globally under the Nuapay brand), from its Australian parent-company, EML Payments for an undisclosed amount.[31]

Products and services

The company offers an API that enables businesses to integrate GoCardless into their own websites or applications, as well as pre-built integrations with accounting and billing software such as Xero, QuickBooks, and Zuora. The company aims to provide an alternative to traditional payment methods, such as credit and debit cards, which can be costly for businesses to manage.[32][33][34][35]


In 2020 the company launched a service called GoCardless for Salesforce, which allows businesses to collect payments and manage their customer data within Salesforce's customer relationship management (CRM) platform.[36][non-primary source needed]

References

  1. ↑ "Big players hand more cash to Gocardless". 19 February 2019. https://www.thetimes.com/business-money/markets/article/big-players-hand-more-cash-to-gocardless-mmgn6wktj. 
  2. ↑ 2.0 2.1 2.2 Browne, Ryan (17 December 2020). "Alphabet-backed fintech GoCardless nears $1 billion valuation amid digital payments boom" (in en). https://www.cnbc.com/2020/12/17/fintech-gocardless-nears-1-billion-valuation-after-new-funding-round.html. 
  3. ↑ 3.0 3.1 3.2 O'Hear, Steve (2019-09-17). "GoCardless launches US debit payments solution and opens San Francisco office" (in en-US). https://techcrunch.com/2019/09/17/goamerica/. 
  4. ↑ Woffenden, Claire (2022-06-07). "GoCardless: Tapping The Fintech Opportunity in Australia With Bank-to-Bank Payments" (in en-GB). https://thefintechtimes.com/gocardless-tapping-the-fintech-opportunity-in-australia-with-bank-to-bank-payments/. 
  5. ↑ "Payday for founders after GoCardless sells for nearly £1 billion" (in en). 2025-12-11. https://www.thetimes.com/business/companies-markets/article/windfall-for-founders-after-gocardless-sells-for-nearly-1-billion-lp3nzj6t7. 
  6. ↑ "Hiroki Takeuchi: Founder Story" (in en). https://www.notion.vc/resources/hiroki-takeuchi-founder-story. 
  7. ↑ Browne, Ryan (27 February 2020). "How Monzo brought Silicon Valley's 'wild ideas' to Britain's staid banking system" (in en). https://www.cnbc.com/2020/02/27/how-monzos-tom-blomfield-went-from-silicon-valley-to-starting-a-bank.html. 
  8. ↑ McKeever, Vicky (2 July 2021). "The founder of a $1.7 billion fintech firm reveals his single biggest predictor of success" (in en). https://www.cnbc.com/2021/07/02/monzo-founder-tom-blomfield-on-his-single-biggest-predictor-of-success.html. 
  9. ↑ "Three months after I was paralysed, I was back at work" (in en-GB). BBC News. 2019-07-14. https://www.bbc.com/news/business-48939025. 
  10. ↑ Scott, Mark (2012-10-22). "In London, Nimble Start-Ups Offer Alternatives to Stodgy Banks" (in en). https://dealbook.nytimes.com/2012/10/22/in-london-nimble-start-ups-offer-alternatives-to-stodgy-banks/. 
  11. ↑ "This 32-year-old CEO went from having little awareness of tech to raising $122 million for a pioneering fintech, while also overcoming a life-changing bike crash". https://www.businessinsider.com/how-hiroki-takeuchi-built-pioneering-fintech-firm-gocardless-2019-3?r=US&IR=T. 
  12. ↑ "Fintech founder rebounds from bike accident with $75m investment". Financial Times. 2019-02-18. https://www.ft.com/content/63a30da2-3137-11e9-ba00-0251022932c8. 
  13. ↑ "GoCardless goes big with Salesforce Ventures investment" (in en). https://news.sky.com/story/gocardless-goes-big-with-salesforce-ventures-investment-11637496. 
  14. ↑ Balderton (2014-01-28). "GoCardless raises $7M Series B from Balderton | Balderton Capital" (in en-GB). https://www.balderton.com/news/gocardless-raises-7m-from-balderton-capital-to-expand-development-team/. 
  15. ↑ Lunden, Ingrid (2014-01-28). "YC Alum GoCardless Raises Another $7M, Aims To Be The Stripe Of Direct Debit Payments" (in en-US). https://techcrunch.com/2014/01/28/yc-alum-gocardless-raises-another-7m-aims-to-be-the-stripe-of-direct-debit-payments/. 
  16. ↑ Mendel, Jack (2022-05-28). "Ex-banker turned GoCardless president Paul Stoddart talks fintech, Brexit, pandemic recovery and Russia" (in en-GB). https://www.cityam.com/exclusive-ex-banker-turned-gocardless-president-talks-fintech-brexit-pandemic-recovery-and-russia/. 
  17. ↑ Boland, Hannah (2020-10-18). "GoCardless weighs up $100m funding round after pandemic boost" (in en-GB). The Telegraph. ISSN 0307-1235. https://www.telegraph.co.uk/technology/2020/10/18/gocardless-weighs-100m-funding-round-pandemic-boost/. 
  18. ↑ Cook, James (2019-09-18). "Banking technology start-up GoCardless expands to America" (in en-GB). The Telegraph. ISSN 0307-1235. https://www.telegraph.co.uk/technology/2019/09/17/banking-technology-start-up-gocardless-expands-america/. 
  19. ↑ Burroughs, Callum. "New $95 million funding for Stripe competitor GoCardless marks Europe's ongoing fintech boom" (in en-US). https://www.businessinsider.com/gocardless-fintech-raises-95m-bain-capital-ventures-2020-12. 
  20. ↑ "GoCardless raises $95M Series F | Balderton Capital" (in en-GB). 2020-12-17. https://www.balderton.com/news/gocardless-raises-95m-series-f-to-accelerate-investment-in-open-banking/. 
  21. ↑ "GoCardless secures billion-dollar valuation after raising $95m". 2020-12-14. https://www.telegraph.co.uk/technology/2020/12/14/gocardless-secures-billion-dollar-valuation-raising-95m/. 
  22. ↑ "GoCardless Valued at $2.1 Billion After Raising $312 Million". Bloomberg. 8 February 2022. https://www.bloomberg.com/news/articles/2022-02-08/gocardless-valued-at-2-1-billion-as-part-of-312-million-raise. 
  23. ↑ Conchie, Charlie (2022-02-08). "GoCardless closes $312m funding round to become UK's latest fintech 'unicorn'" (in en-GB). https://www.cityam.com/gocardless-closes-312m-funding-round-to-become-uks-latest-fintech-unicorn/. 
  24. ↑ 24.0 24.1 "Dutch payments firm Mollie nears acquisition of GoCardless". Bloomberg News. https://www.bloomberg.com/news/articles/2025-12-10/blackstone-backed-payments-firm-mollie-nears-takeover-of-uk-fintech-gocardless. 
  25. ↑ "Private capital-backed Mollie buys GoCardless for €1.1bn". Financial Times. 11 December 2025. 
  26. ↑ "Fintechs Combine: Mollie Acquires GoCardless". 11 December 2025. https://www.crowdfundinsider.com/2025/12/256366-fintechs-combine-mollie-acquires-gocardless/. 
  27. ↑ "GoCardless partners with QuickBooks to offer SMBs direct debit payments". 3 May 2018. https://www.finextra.com/pressarticle/73753/gocardless-partners-with-quickbooks-to-offer-smbs-direct-debit-payments. 
  28. ↑ Boland, Hannah (2020-12-14). "GoCardless secures billion-dollar valuation after raising $95m" (in en-GB). The Telegraph. ISSN 0307-1235. https://www.telegraph.co.uk/technology/2020/12/14/gocardless-secures-billion-dollar-valuation-raising-95m/. 
  29. ↑ "Zuora partners with GoCardless to simplify recurring payments". https://www.bankingtech.com/2020/01/zuora-partners-with-gocardless-to-simplify-recurring-payments/. 
  30. ↑ "Transactions: GoCardless to acquire open banking data provider Nordigen | Bank Automation News" (in en-US). 2022-07-06. https://bankautomationnews.com/allposts/payments/transactions-gocardless-to-acquire-open-banking-data-provider-nordigen/,%20https://bankautomationnews.com/allposts/payments/transactions-gocardless-to-acquire-open-banking-data-provider-nordigen/. 
  31. ↑ "GoCardless to acquire Nuapay open banking business from EML Payments" (in en-US). 2024-03-18. https://www.nsbanking.com/news/gocardless-to-acquire-nuapay-open-banking-business-from-eml-payments/. 
  32. ↑ "GoCardless raises $75m as it targets 1% of global payments". https://www.ft.com/content/d864c6b8-6b23-11e9-a9a5-351eeaef6d84. 
  33. ↑ "Zuora and GoCardless Expand Partnership to Revolutionize Global Subscription Payments" (in en-US). https://www.zuora.com/press-release/zuora-and-gocardless-expand-partnership-to-revolutionize-global-subscription-payments/. 
  34. ↑ PYMNTS (2022-07-21). "GoCardless to Provide Payment Solutions to Xero Customers in the UK" (in en-US). https://www.pymnts.com/digital-payments/2022/gocardless-to-provide-payment-solutions-to-xero-customers-in-the-uk/. 
  35. ↑ "QuickBooks announces new features after Connect cancelled". 2020-03-06. https://www.enterprisetimes.co.uk/2020/03/06/quickbooks-announces-new-features-after-connect-cancelled/. 
  36. ↑ "GoCardless helps more businesses get paid with Salesforce" (in en). https://www.salesforce.com/uk/customer-success-stories/gocardless/. 
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