GoCardless Secures USD312M in Series G Funding; Valued USD2.1 Billion
Summary
GoCardless, a London, UK-baserd provider of direct bank payment solutions, secured a Series G funding round of USD312m, at a valuation of USD2.1 billion. The round, which is expected to fully close later in the year subject to regulatory approvals, was led by Permira with participation from new investor BlackRock Private Equity Partners. The company intends to use the funds to accelerate its presence in the open banking space through both product and geographical expansion. GoCardless, which is headquartered in the UK, with additional offices in Australia, France, Germany and the United States, will also add further technology and payments expertise to its Board of Directors with Michael Rouse, former Chief Commercial Officer at Klarna, joining, and Koen Köppen, Chief Technology Officer at Klarna and Board Member of Mollie, joining as an independent director. It will also open its ‘bank pay’ network to other payment service providers who want to tap into its technology and platform.
Funding
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