GoCardless | committed to making payments faster, cheaper, and more secure

Founded in 2011, GoCardless is an open banking company committed to making payments faster, cheaper and more secure. They specialise in direct bank payments - from direct debits connected to customer bank accounts, to one-off authorisations. They now help more than 75,000 businesses collect payments from customers in 30 countries.

The company’s latest funding was a series G PE and VC round in February 2022, bringing their total raised to date to over $500m. Since then, the company has made strides towards delivering on their vision of becoming the world’s bank payment network. They acquired Latvian open banking company Nordigen in July 2022, and have partnered with fellow UK fintech WISE since 2019 to offer FX on customer payments.

Most recently, they launched GoCardless Embed to allow other payment providers to build their offerings on the GoCardless network.

“Open finance has huge potential," says Ahmed Badr, Chief Operating Officer, "but it's more than just payments. Data sharing, for example: having a secure way to do this will help create better experiences across the ecosystem, such as retail banking, and really increase competition in those markets.

"London's a very open, exciting, vibrant city, and that is key to us being able to attract the talent we need to continue growing and innovating. There's a lot of fintechs in London, all learning from each other, innovating, competing, collaborating, to help deliver better customer experiences.

"A lot of those companies are going through the same growth journey as us, which means that there's a real ecosystem developing as well as infrastructure, regulators, and government bodies who really engage on topics that matter to companies at all stages.”

London's a very open, exciting, vibrant city, and that is key to us being able to attract the talent we need to continue growing and innovating