Founded in 2011, GoCardless targets companies that need to offer their increasingly international customers the ability to pay by Direct Debit. The GoCardless mission is to help businesses take and settle recurring payments from anywhere, to anywhere, in any currency.
A Series D funding round of $22.5M raised in September 2017 is designed to enable GoCardless to expand further, with support for more countries, including Australia and Denmark.
Founder and CEO Hiroki Takeuchi says, “As more and more businesses become international, they face endless frustrations in managing payments across multiple territories. What we have engineered is a way to simply plug recurring payments into their existing systems, across the world, so they can focus on the challenges that really matter.”
GoCardless processes over $4bn worth of transactions across more than 30,000 organisations in the U.K. and Europe, working with small startups and large enterprises across a number of industries. It offers an API and off the shelf integrations with over 100 partners including Xero, Sage and Zuora. Customers include Sage, Thomas Cook, Box and The Guardian.