{{Short description|Financial technology company based in the UK}} {{Use British English|date=June 2023}} {{Use dmy dates|date=June 2023}} {{Infobox company | name = GoCardless | logo = GoCardless-Logo.svg | logo_caption = | type = Private | founders = {{ubl|Hiroki Takeuchi|Tom Blomfield|Matt Robinson}} | key_people = {{Unbulleted list| Hiroki Takeuchi (CEO)}} | industry = Financial technology<br>services | products = Direct Debit payments<br>Open Banking<br>Payment processing | num_locations = | website = {{Official URL}} | hq_location_city = London, United Kingdom | founded = {{Start date and age|2011|2|24}} | area_served = | parent = | num_employees = | revenue = }}
'''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.<ref>{{Cite web |title= Big players hand more cash to Gocardless |url=https://www.thetimes.com/business-money/markets/article/big-players-hand-more-cash-to-gocardless-mmgn6wktj |access-date=2023-03-28 |website=The Times|date=19 February 2019 }}</ref><ref name=":1">{{Cite web |last=Browne |first=Ryan |title=Alphabet-backed fintech GoCardless nears $1 billion valuation amid digital payments boom |url=https://www.cnbc.com/2020/12/17/fintech-gocardless-nears-1-billion-valuation-after-new-funding-round.html |access-date=2023-03-29 |website=CNBC |date=17 December 2020 |language=en}}</ref>
GoCardless provides a payment gateway that enables businesses to set up and manage payments, subscriptions and invoices with automated payment processing.<ref name=":2">{{Cite web |last=O'Hear |first=Steve |date=2019-09-17 |title=GoCardless launches US debit payments solution and opens San Francisco office |url=https://techcrunch.com/2019/09/17/goamerica/ |access-date=2023-03-29 |website=TechCrunch |language=en-US}}</ref> As of 2025, the company's technology is used by 100,000 businesses and processes $130 billion of transactions every year.<ref>{{Cite web |last=Woffenden |first=Claire |date=2022-06-07 |title=GoCardless: Tapping The Fintech Opportunity in Australia With Bank-to-Bank Payments |url=https://thefintechtimes.com/gocardless-tapping-the-fintech-opportunity-in-australia-with-bank-to-bank-payments/ |access-date=2023-03-29 |website=The Fintech Times |language=en-GB}}</ref><ref>{{Cite web |date=2025-12-11 |title=Payday for founders after GoCardless sells for nearly £1 billion |url=https://www.thetimes.com/business/companies-markets/article/windfall-for-founders-after-gocardless-sells-for-nearly-1-billion-lp3nzj6t7 |access-date=2025-12-13 |website=www.thetimes.com |language=en}}</ref>
== History == GoCardless was founded in 2011 by Hiroki Takeuchi,<ref>{{Cite web |title=Hiroki Takeuchi: Founder Story |url=https://www.notion.vc/resources/hiroki-takeuchi-founder-story |access-date=2024-11-21 |website=www.notion.vc |language=en}}</ref> Matt Robinson, and Tom Blomfield, who were students at Oxford University at the time.<ref>{{Cite web |last=Browne |first=Ryan |title=How Monzo brought Silicon Valley's 'wild ideas' to Britain's staid banking system |url=https://www.cnbc.com/2020/02/27/how-monzos-tom-blomfield-went-from-silicon-valley-to-starting-a-bank.html |access-date=2023-03-29 |website=CNBC |date=27 February 2020 |language=en}}</ref><ref>{{Cite web |last=McKeever |first=Vicky |title=The founder of a $1.7 billion fintech firm reveals his single biggest predictor of success |url=https://www.cnbc.com/2021/07/02/monzo-founder-tom-blomfield-on-his-single-biggest-predictor-of-success.html |access-date=2023-03-29 |website=CNBC |date=2 July 2021 |language=en}}</ref><ref>{{Cite news |date=2019-07-14 |title=Three months after I was paralysed, I was back at work |language=en-GB |work=BBC News |url=https://www.bbc.com/news/business-48939025 |access-date=2023-03-29}}</ref> The company's initial focus was on providing a platform for small and medium-sized businesses to collect recurring payments via direct debit.<ref>{{Cite web |last=Scott |first=Mark |date=2012-10-22 |title=In London, Nimble Start-Ups Offer Alternatives to Stodgy Banks |url=https://dealbook.nytimes.com/2012/10/22/in-london-nimble-start-ups-offer-alternatives-to-stodgy-banks/ |access-date=2023-03-29 |website=The New York Times |language=en}}</ref> In 2012, the company received £1.5 million in funding from investors, including Y Combinator, Google Ventures, Salesforce and Accel Partners.<ref>{{Cite web |title=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 |url=https://www.businessinsider.com/how-hiroki-takeuchi-built-pioneering-fintech-firm-gocardless-2019-3?r=US&IR=T |access-date=2023-03-28 |website=businessinsider.com}}</ref><ref>{{Cite news |date=2019-02-18 |title=Fintech founder rebounds from bike accident with $75m investment |work=Financial Times |url=https://www.ft.com/content/63a30da2-3137-11e9-ba00-0251022932c8 |access-date=2023-03-29}}</ref><ref>{{Cite web |title=GoCardless goes big with Salesforce Ventures investment |url=https://news.sky.com/story/gocardless-goes-big-with-salesforce-ventures-investment-11637496 |access-date=2023-03-29 |website=Sky News |language=en}}</ref>
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.<ref>{{Cite web |last=Balderton |date=2014-01-28 |title=GoCardless raises $7M Series B from Balderton {{!}} Balderton Capital |url=https://www.balderton.com/news/gocardless-raises-7m-from-balderton-capital-to-expand-development-team/ |access-date=2025-08-27 |language=en-GB}}</ref><ref>{{Cite web |last=Lunden |first=Ingrid |date=2014-01-28 |title=YC Alum GoCardless Raises Another $7M, Aims To Be The Stripe Of Direct Debit Payments |url=https://techcrunch.com/2014/01/28/yc-alum-gocardless-raises-another-7m-aims-to-be-the-stripe-of-direct-debit-payments/ |access-date=2023-03-29 |website=TechCrunch |language=en-US}}</ref><ref>{{Cite web |last=Mendel |first=Jack |date=2022-05-28 |title=Ex-banker turned GoCardless president Paul Stoddart talks fintech, Brexit, pandemic recovery and Russia |url=https://www.cityam.com/exclusive-ex-banker-turned-gocardless-president-talks-fintech-brexit-pandemic-recovery-and-russia/ |access-date=2023-03-29 |website=CityAM |language=en-GB}}</ref> In 2017, the company raised $22.5 million in a Series D funding round, bringing its total funding to $47.2 million.<ref>{{Cite news |last=Boland |first=Hannah |date=2020-10-18 |title=GoCardless weighs up $100m funding round after pandemic boost |language=en-GB |work=The Telegraph |url=https://www.telegraph.co.uk/technology/2020/10/18/gocardless-weighs-100m-funding-round-pandemic-boost/ |access-date=2023-03-29 |issn=0307-1235}}</ref> In 2018, GoCardless launched its service in the United States with an office opening in San Francisco.<ref name=":2" /><ref>{{Cite news |last=Cook |first=James |date=2019-09-18 |title=Banking technology start-up GoCardless expands to America |language=en-GB |work=The Telegraph |url=https://www.telegraph.co.uk/technology/2019/09/17/banking-technology-start-up-gocardless-expands-america/ |access-date=2023-03-29 |issn=0307-1235}}</ref> In 2020, the company expanded into Australia and New Zealand and raised $95 million, becoming a startup unicorn.<ref name=":1" /><ref name=":2" /><ref>{{Cite web |last=Burroughs |first=Callum |title=New $95 million funding for Stripe competitor GoCardless marks Europe's ongoing fintech boom |url=https://www.businessinsider.com/gocardless-fintech-raises-95m-bain-capital-ventures-2020-12 |access-date=2023-03-29 |website=Business Insider |language=en-US}}</ref><ref>{{Cite web |date=2020-12-17 |title=GoCardless raises $95M Series F {{!}} Balderton Capital |url=https://www.balderton.com/news/gocardless-raises-95m-series-f-to-accelerate-investment-in-open-banking/ |access-date=2023-03-29 |website=www.balderton.com |language=en-GB}}</ref><ref>{{Cite web |date=2020-12-14 |title=GoCardless secures billion-dollar valuation after raising $95m |url=https://www.telegraph.co.uk/technology/2020/12/14/gocardless-secures-billion-dollar-valuation-raising-95m/ |access-date=2023-03-29 |website=The Telegraph}}</ref>
In 2022, the company raised $312 million in investment valuing it at $2.1 billion.<ref>{{Cite news |title=GoCardless Valued at $2.1 Billion After Raising $312 Million |url=https://www.bloomberg.com/news/articles/2022-02-08/gocardless-valued-at-2-1-billion-as-part-of-312-million-raise |access-date=2023-03-28 |newspaper=Bloomberg|date=8 February 2022 }}</ref><ref>{{Cite web |last=Conchie |first=Charlie |date=2022-02-08 |title=GoCardless closes $312m funding round to become UK's latest fintech 'unicorn' |url=https://www.cityam.com/gocardless-closes-312m-funding-round-to-become-uks-latest-fintech-unicorn/ |access-date=2023-03-29 |website=CityAM |language=en-GB}}</ref>
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.<ref name="Bloomberg-Mollie-GoCardless">{{Cite news |title=Dutch payments firm Mollie nears acquisition of GoCardless |url=https://www.bloomberg.com/news/articles/2025-12-10/blackstone-backed-payments-firm-mollie-nears-takeover-of-uk-fintech-gocardless |access-date=10 February 2025 |work=Bloomberg News |archive-date=10 December 2025 |archive-url=https://archive.today/20251210152509/https://www.bloomberg.com/news/articles/2025-12-10/blackstone-backed-payments-firm-mollie-nears-takeover-of-uk-fintech-gocardless |url-status=bot: unknown }}</ref> Those reports suggested the transaction could value GoCardless at around $1.5 billion, compared with its $2.1 billion valuation in 2022.<ref name="Bloomberg-Mollie-GoCardless" /> 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.<ref>{{Cite news |title=Private capital-backed Mollie buys GoCardless for €1.1bn |work=Financial Times |date=11 December 2025 |access-date=11 December 2025}}</ref><ref>{{Cite web |title=Fintechs Combine: Mollie Acquires GoCardless |website=Crowdfund Insider |date=11 December 2025 |url=https://www.crowdfundinsider.com/2025/12/256366-fintechs-combine-mollie-acquires-gocardless/ |access-date=11 December 2025}}</ref>
==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.<ref>{{Cite web |title=GoCardless partners with QuickBooks to offer SMBs direct debit payments |url=https://www.finextra.com/pressarticle/73753/gocardless-partners-with-quickbooks-to-offer-smbs-direct-debit-payments |website=Finextra |date=3 May 2018 |access-date=2022-07-18}}</ref><ref>{{Cite news |last=Boland |first=Hannah |date=2020-12-14 |title=GoCardless secures billion-dollar valuation after raising $95m |language=en-GB |work=The Telegraph |url=https://www.telegraph.co.uk/technology/2020/12/14/gocardless-secures-billion-dollar-valuation-raising-95m/ |access-date=2023-03-29 |issn=0307-1235}}</ref>
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.<ref>{{Cite web |title=Zuora partners with GoCardless to simplify recurring payments |url=https://www.bankingtech.com/2020/01/zuora-partners-with-gocardless-to-simplify-recurring-payments/ |website=Banking Technology |access-date=2022-07-18}}</ref><ref name=":1" />
In July 2022, GoCardless announced that it had signed an agreement to acquire the Open Banking provider Nordigen for an undisclosed sum.<ref>{{Cite web |date=2022-07-06 |title=Transactions: GoCardless to acquire open banking data provider Nordigen {{!}} Bank Automation News |url=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/ |access-date=2023-03-29 |language=en-US}}</ref>
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.<ref>{{Cite web |date=2024-03-18 |title=GoCardless to acquire Nuapay open banking business from EML Payments |url=https://www.nsbanking.com/news/gocardless-to-acquire-nuapay-open-banking-business-from-eml-payments/ |access-date=2024-03-18 |website=NS Banking |language=en-US}}</ref>
==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.<ref>{{Cite web |title=GoCardless raises $75m as it targets 1% of global payments |url=https://www.ft.com/content/d864c6b8-6b23-11e9-a9a5-351eeaef6d84 |access-date=2023-03-28 |website=Financial Times}}</ref><ref>{{Cite web |title=Zuora and GoCardless Expand Partnership to Revolutionize Global Subscription Payments |url=https://www.zuora.com/press-release/zuora-and-gocardless-expand-partnership-to-revolutionize-global-subscription-payments/ |access-date=2023-03-29 |website=Zuora |language=en-US}}</ref><ref name=":0">{{Cite web |last=PYMNTS |date=2022-07-21 |title=GoCardless to Provide Payment Solutions to Xero Customers in the UK |url=https://www.pymnts.com/digital-payments/2022/gocardless-to-provide-payment-solutions-to-xero-customers-in-the-uk/ |access-date=2023-03-29 |website=www.pymnts.com |language=en-US}}</ref><ref>{{Cite web |date=2020-03-06 |title=QuickBooks announces new features after Connect cancelled |url=https://www.enterprisetimes.co.uk/2020/03/06/quickbooks-announces-new-features-after-connect-cancelled/ |access-date=2023-03-28 |website=Enterprise Times}}</ref>
In addition to its payment processing services, GoCardless provides a variety of tools to help businesses manage their payments, including real-time payment tracking and reporting, payment failure alerts, and customer insights.<ref name=":0" />{{Better source needed|reason=The current source is insufficiently reliable (WP:NOTRS).|date=September 2024}}
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.<ref>{{Cite web |title=GoCardless helps more businesses get paid with Salesforce |url=https://www.salesforce.com/uk/customer-success-stories/gocardless/ |access-date=2023-03-29 |website=Salesforce |language=en}}</ref>{{Primary source inline|date=September 2024}}
== References == {{reflist}}
== External links == * {{Official website}}
{{Authority control}} Category:Financial services companies established in 2011 Category:British companies established in 2011 Category:Technology companies based in London Category:Financial technology companies Category:Merchant services Category:Financial services companies based in London Category:Announced mergers and acquisitions