FinTech Journey Of Success: London-based Global Payments Network & Tech Platform, GoCardless

GoCardless, is a worldwide market pioneer in Account-to-Account (A2A) payment transactions. The FinTech firm makes it simple to collect one-time and recurring payments straightforward from the bank accounts of customers.

Company Overview: 

• GoCardless was founded in the year 2011.
• Headquartered in London, England, United Kingdom.
• Founders:
  • Hiroki Takeuchi, as Chief Executive Officer (CEO);
  • Matt Robinson;
  • Tom Blomfield;
• Team:
  • Duncan Barrigan, as the Chief Product Officer;
  • Nanna Saito Nielsen, as the VP of Banking Operations;
  • Deepak Colluru, as the Principal Product Manager;
  • Even Walser, as the Chief Revenue Officer;
  • Andrew Wiggan, as the Vice President – Product Management;
  • Mark Donkin, Head of Sales Operations;
• Board Members:
  • Matt Robinson;
  • Mark Zaleski;
  • Carlos Gonzalez- Cadenas;
  • James Wise;
  • Stelios Gerogiannakis;
• GoCardless acquired Nordigen on July 1, 2022..
• The firm has had ten fundraising rounds, where it managed to raise a sum total of around 529.3 Million US Dollars.

Company Expertise:

• Account-To-Account (A2A) payments,
• Online Payments, 
• Recurring payments,
• One-off payments,
• Payment Collection,
• Direct Debit, 
• BACS, 
• Open banking, 

Fundraising Rounds and Investors:

• In the month of August, 2011, the company had its Seed funding round. The investor of this round was:
  • HackerNews; 
• In the month of February, 2012, the company had another Seed funding round, where it raised around 1.5 Million US Dollars. The investors of this round were:
  • California-based Venture Capital (VC) firm, Accel;
  • London-based Venture Capital (VC) firm, Passion Capital;
  • California-based angel firm, SV Angel;
  • California-based start-up accelerator, Y Combinator;
  • California-based joint venture firm, Start Fund;
  • Tom Hulme, as an angel investor;

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• In the month of April, 2013, the company had its Series A round of funding, where it raised around 3.3 Million US Dollars. The investors of this round were:
  • California-based Venture Capital (VC) firm, Accel;
  • London-based Venture Capital (VC) firm, Passion Capital;

• In the month of January, 2014, the company had its Series B round of funding, where it raised around 7 Million US Dollars. The investors of this round were:
  • California-based Venture Capital (VC) firm, Accel;
  • London-based Venture Capital (VC) firm, Balderton Capital;
  • London-based Venture Capital (VC) firm, Passion Capital;

• In the month of December, 2014, the company had a support program funding round. The investor of this round was:
  • London-based growth platform, Tech Nation;

• In the month of March, 2016, the company had its Series C round of funding, where it raised around 13 Million US Dollars. The investors of this round were:
  • California-based Venture Capital (VC) firm, Accel;
  • London-based Venture Capital (VC) firm, Balderton Capital;
  • London-based Venture Capital (VC) firm, Passion Capital;
  • London-based early-stage venture fund, Notion Capital;

• In the month of September, 2017, the company had its Series D round of funding, where it raised around 22.5 Million US Dollars. The investors of this round were:
  • California-based Venture Capital (VC) firm, Accel;
  • London-based Venture Capital (VC) firm, Balderton Capital;
  • London-based Venture Capital (VC) firm, Passion Capital;
  • London-based early-stage venture fund, Notion Capital; 

• In the month of February, 2019, the company had its Series E round of funding, where it raised around 75 Million US Dollars. The investors of this round were:
  • California-based Venture Capital (VC) firm, Accel;
  • Chicago-based investment management firm, Adams Street Partners;
  • London-based Venture Capital (VC) firm, Balderton Capital;
  • London-based Venture Capital (VC) firm, Passion Capital;
  • London-based early-stage venture fund, Notion Capital; 
  • California-based investment firm, GV;
  • California-based investment firm, Salesforce Ventures;

• In the month of December, 2020, the company had its Series F round of funding, where it raised around 95 Million US Dollars. The investor of this round was:
  • California-based investment firm, Bain Capital Ventures;

• In the month of February, 2022, the company had its Series G round of funding, where it raised around 312 Million US Dollars. The investors of this round were:
  • London-based investment firm, Permira;
  • Washington-based Venture Capital (VC) firm, BlackRock Private Equity Partners;

For around 65,000 organizations across the world, including large corporations and small-scale enterprises, the global payments network and technology platform of GoCardless makes getting paid painless. GoCardless processes payments totaling to around 30 Billion US Dollars annually in over 30 nations.

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