– UK, London – GoCardless, a leading fintech in direct bank payment solutions, today announced the company has secured USD312m in a Series G funding round led by Permira, bringing the valuation to USD2.1 billion.
Concurrent with the financing, GoCardless also announced the addition of Michael Rouse, former Chief Commercial Officer at Klarna, and Koen Köppen, CTO at Klarna and Board Member of Mollie, to its Board as Independent Directors.
These appointments bring significant experience in backing best-in-class payments and financial software businesses including Klarna, Clearwater Analytics and Carta.
The funding will allow GoCardless to accelerate its growing footprint in the open banking space through both product and geographical expansion as it targets becoming the world’s leading network for direct bank payments.
Hiroki Takeuchi, co-founder, and CEO of GoCardless said: “The rise of open banking presents a once-in-a-generation shift, one that will change the way payments happen all over the world. I am delighted to have partners like Permira and BlackRock Private Equity Partners on board, with their global footprint and strong expertise in tech, to support us in building a direct bank payment network that lets payments flow freely, without cards, expiration dates, or extra costs. I look forward to working with them and our new board members to accelerate the future development of GoCardless.”
Alberto Riva, Principal at Permira, added: “We believe GoCardless is uniquely positioned to become a global champion in account-to-account payments through leveraging open banking. We are thrilled to back Hiroki and his excellent team to continue innovating and offering best-in-class solutions that are cheaper, faster, and a more secure way of collecting payments globally.”
About GoCardless
GoCardless is a global leader in direct bank payment solutions, making it easy to collect both recurring and one-off payments directly from customers’ bank accounts through direct debit and open banking. The GoCardless global payments network and technology platform take the pain out of getting paid for 70,000 businesses worldwide, from multinational corporations to small businesses. Each year GoCardless processes over US$30 billion of payments across more than 30 countries. GoCardless is headquartered in the UK, with additional offices in Australia, France, Germany, and the United States.
For more information: https://gocardless.com/
About Permira
Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds with assets under management of approximately US$65bn (€58bn) and makes long-term majority and minority investments. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Services, and Healthcare. The Permira funds have an extensive track record in tech investing, having invested US $18.7 billion in 67 companies across enterprise cloud adoption, SaaS, fintech, and online marketplaces. Permira employs over 350 people in 15 offices across Europe, North America, and Asia.
The Permira Growth Opportunities strategy backs disruptive and market-leading companies as they scale to the next level. The PGO funds have previously backed and helped scale some of the largest and fastest-growing internet and technology businesses globally, including Klarna, Carta, Clearwater Analytics, Mirakl, GWI, Zwift, AllTrails, G2, Relativity, Minted, Catawiki, Safti, Nexthink, Sysdig, and FullStory. Permira Growth Opportunities closed its second fund in December 2021 at $4 billion.
For more information: https://www.permira.com/
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