What is GoCardless?
Founded in 2011 and headquartered in London, England, GoCardless operates as a financial technology company. Its core offering is a global bank debit network platform designed to streamline the process of collecting direct debits for businesses worldwide. This platform empowers companies to manage recurring payments efficiently, reducing administrative overhead and improving cash flow. GoCardless has established itself as a key enabler for businesses seeking robust and reliable payment solutions, particularly in an increasingly digital economy.
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 Passion Capital and Accel Partners
Series B (2014): $7M supported by Balderton Capital
Series C (2016): $13M featuring Passion Capital, Notion, and Balderton Capital
Series D (2017): $22.5M backed by Balderton Capital, Accel, Passion Capital, and Notion Capital
Series E (2019): $75M with participation from GV, Adams Street Partners, Balderton Capital, and Salesforce
Series F (2020): $95M led by Bain Capital LP
Series G (2022): $312M supported by Permira and BlackRock
Key Investors in GoCardless
Passion Capital
Passion Capital is a partnership of entrepreneurs and operators dedicated to supporting outstanding European founders in building technology companies, particularly in the fields of AI, FinTech, and Risk. They invest early in startups, often before they have a product or customers, focusing on founders with a compelling vision. The firm promotes a collaborative, tech-first ecosystem and emphasizes sustainability and good governance in its investment strategy. Their portfolio includes innovative companies like Monzo, GoCardless, and PolyAI, reflecting their commitment to nurturing impactful technology ventures.
Balderton Capital
Balderton Capital (balderton.com) is a Londonbased venture capital firm that raises dedicated funds to invest in earlystage, highgrowth technology companies across Europe, typically leading Seed and Series A rounds and supporting founders through global scaleup and exits.
Accel Partners
Accel is a leading venture capital firm that invests in companies at various stages of growth, from early-stage startups to later-stage companies. They focus on providing capital and strategic support to help businesses scale and achieve market leadership. Accel has a global presence and a strong track record of investing in technology companies across different sectors.
What's next for GoCardless?
The recent major strategic investment in GoCardless, following a history of significant capital raises across multiple funding stages from Seed to Series G, indicates the company is in a scaling phase. This substantial backing is expected to fuel further product development, international expansion, and strategic partnerships. GoCardless is well-positioned to capitalize on the growing demand for efficient payment processing solutions, aiming to solidify its leadership in the global bank debit network market and drive innovation in fintech.
See full GoCardless company page
