User:Olex93/sandbox
GoCardless
[edit]Summary
[edit]GoCardless is a payment technology company headquartered in the United Kingdom[2]. GoCardless enables businesses to collect ad hoc and recurring payments from customers via bank debit, and integrates with software including Xero[3], Sage[4] and QuickBooks[5].
GoCardless has offices in London[11], Paris[16], Munich[17], Melbourne[15] and San Francisco[11].
Logo | |
Type of business | Private |
Industry | Financial technology |
Founded | 2011[26] |
Founders | Hiroki Takeuchi, Tom Blomfield, Matt Robinson |
CEO | Hiroki Takeuchi |
Headquarters | London, United Kingdom |
Areas served | Global |
Products/services | Payments, Subscriptions, International payments |
Number of employees | 350+[1] |
Website | gocardless.com/ |
Current status | Active |
History
[edit]GoCardless was founded by Oxford graduates Hiroki Takeuchi, Tom Blomfield and Matt Robinson in 2011. It launched its product in February 2012 in the UK[8].
GoCardless has received funding from Y Combinator[6], [7], [8], Adams Street Partners, Accel, Balderton Capital, GV, Notion Capital, Passion Capital, Salesforce Ventures, and in February 2019 secured $75M to launch in America[9],[10],[11].
Blomfield left the business in 2013 and later founded Monzo. Robinson left in 2015 to set up Nested but remains on the board[12].
In September 2019, GoCardless was ranked 41st in the The Sunday Times Hiscox Tech Track 100 league table, which ranks Britainโs 100 private tech companies with the fastest-growing sales over their latest three years[13].
In October 2019, GoCardless was listed as one of the top 50 Y Combinator companies by valuation[14].
In November 2019, GoCardless and TransferWise announced a partnership to create a global network for businesses to collect recurring payments from customers located around the world[15]. GoCardless also reached a milestone of being used by 50,000 businesses globally[18], including Bulb, DocuSign and TripAdvisor[20][21].
Funding history
[edit]Date | Funding Type | Number of Investors | Money Raised | Investors | Valuation |
Feb 2012 | Seed | 5 | $1.5M | Accel, Passion Capital, SV Angel, Start Fund, Y Combinator[8] | ? |
Apr 2013 | Series A | 2 | $3.3M | Accel, Passion Capital[22] | ? |
Jan 2014 | Series B | 1 | $7M | Balderton Capital[23] | ? |
Mar 2016 | Series C | 1 | $13M | Notion[24] | ? |
Sep 2017 | Series D | 1 | $22.5M | Accel[25] | ? |
Feb 2019 | Series E | 3 | $75M | Adams Street Partners, GV, Salesforce Ventures[9] | ? |
Products and services
[edit]GoCardless provides businesses the technical, regulatory, security, and banking infrastructure to collect recurring payments via bank debit.
- Invoice payments - Businesses can use GoCardless to collect ad hoc invoices, of differing amounts at irregular frequencies.
- Recurring payments - Businesses can use GoCardless to collect recurring payments, such as subscriptions, of fixed or variable amounts, at fixed or variable frequencies.
- International payments - Businesses can use GoCardless to collect payments from 30+ countries, with or without having local bank accounts in those countries. Foreign currency exchange, powered by TransferWise, is built into the product.
- API - Developers can use GoCardlessโ API to integrate bank debit payment processing into their website or app.
- Integration with other software - GoCardless partners with over 100 software companies to provide their users pre-built integrations between the software and the GoCardless product.
Countries and currencies
[edit]Businesses can sign up to collect payments through GoCardless if they are based in any of the following countries (as of Feb 2020):
- ๐ฆ๐บ Australia
- ๐ฆ๐น Austria
- ๐ง๐ช Belgium
- ๐ง๐ฌ Bulgaria
- ๐จ๐ฆ Canada
- ๐ญ๐ท Croatia
- ๐จ๐พ Cyprus
- ๐จ๐ฟ Czech Republic
- ๐ฉ๐ฐ Denmark
- ๐ซ๐ฎ Finland
- ๐ซ๐ท France
- ๐ฉ๐ช Germany
- ๐ญ๐บ Hungary
- ๐ฎ๐น Italy
- ๐ฑ๐บ Luxembourg
- ๐ฒ๐น Malta
- ๐ณ๐ฑ Netherlands
- ๐ณ๐ฟ New Zealand
- ๐ณ๐ด Norway
- ๐ต๐ฑ Poland
- ๐ต๐น Portugal
- ๐ฎ๐ช Republic of Ireland
- ๐ท๐ด Romania
- ๐ธ๐ฐ Slovakia
- ๐ธ๐ฎ Slovenia
- ๐ฟ๐ฆ South Africa
- ๐ช๐ธ Spain
- ๐ธ๐ช Sweden
- ๐จ๐ญ Switzerland
- ๐ฌ๐ง United Kingdom
- ๐บ๐ธ United States
Businesses can collect payments through GoCardless from customers located in the following countries (as of Feb 2020):
- ๐ฌ๐ง United Kingdom (via Bacs Direct Debit)
- ๐ช๐บ Eurozone (via SEPA Direct Debit)
- ๐ธ๐ช Sweden (via Bg Autogiro)
- ๐ฉ๐ฐ Denmark (via Betalingsservice)
- ๐ฆ๐บ Australia (via BECS Direct Debit)
- ๐ณ๐ฟ New Zealand (via BECS Direct Debit)
- ๐จ๐ฆ Canada (via Pre-Authorized Debit)
- ๐บ๐ธ United States (via ACH Debit)
List of currencies GoCardless serves (as of Feb 2020):
- ๐ฌ๐ง British pound (GBP)
- ๐ช๐บ Euro (EUR)
- ๐ธ๐ช Swedish krona (SEK)
- ๐ฉ๐ฐ Danish krone (DKK)
- ๐ฆ๐บ Australian dollar (AUD)
- ๐ณ๐ฟ New Zealand dollar (NZD)
- ๐จ๐ฆ Canadian dollar (CAD)
- ๐บ๐ธ United States dollar (USD)
References
[edit]- https://www.owler.com/company/gocardless
- https://www.crunchbase.com/organization/gocardless#section-overview
- https://www.xero.com/uk/partnerships/gocardless/
- https://www.sage.com/en-gb/products/sage-50cloud/gocardless/
- https://apps.intuit.com/app/apps/appdetails?shortName=gocardless&locale=en-gb
- https://www.ycombinator.com/companies/
- https://www.managementtoday.co.uk/start-up-q-a-gocardless/article/1115964
- https://techcrunch.com/2012/02/07/accel-y-combinator-put-1-5m-in-online-bank-payments-platform-gocardless/
- https://techcrunch.com/2019/02/17/gocardless-raises-75m-series-e-for-its-recurring-payments-network-and-heads-to-america/
- https://www.crunchbase.com/organization/gocardless#section-funding-rounds
- https://techcrunch.com/2019/09/17/goamerica/
- https://techcrunch.com/2015/03/16/go-founder-less/
- https://www.fasttrack.co.uk/league-tables/tech-track-100/
- https://www.ycombinator.com/topcompanies/
- https://www.finextra.com/pressarticle/75613/gocardless-opens-melbourne-office
- Paris
- Munich
- https://techcrunch.com/2019/11/06/gocardless-transferwise/
- https://gocardless.com/blog/gocardless-50000-businesses/+(REMOVE)
- https://www.telegraph.co.uk/technology/2019/11/05/gocardless-losses-spiral-continues-overseas-push/
- https://www.uktech.news/news/gocardless-and-docusign-partner-to-target-subscription-payments-in-europe-20190710
- https://techcrunch.com/2013/04/18/u-k-online-payments-platform-gocardless-raises-1-5-million-series-a-plans-to-expand-across-europe/
- https://www.techworld.com/news/startups/london-fintech-start-up-gocardless-raises-7m-in-funding-round-led-by-balderton-3499220/
- https://www.businessinsider.com/london-fintech-startup-gocardless-has-raised-13-million-in-new-funding-2016-3?r=US&IR=T
- https://www.uktech.news/news/investment-news/london-fintech-firm-gocardless-raises-additional-22-5m-20170919
- https://beta.companieshouse.gov.uk/company/07495895