Fintech/News/ GoCardless becomes UK’s latest fintech unicorn after $312m Permira-led raise Led by Permira, the round brings GoCardless' valuation to $2.1bn — the UK's 22nd fintech unicorn By Amy O'Brien 8 February 2022 \Fintech 'The time is now': Monzo searches for US CEO to double down on expansion By Amy O'Brien 9 February 2023 Fintech/News/ GoCardless becomes UK’s latest fintech unicorn after $312m Permira-led raise Led by Permira, the round brings GoCardless' valuation to $2.1bn — the UK's 22nd fintech unicorn By Amy O'Brien 8 February 2022 British payments company GoCardless has just raised a $312m Series G funding round. That makes it the UK’s 22nd fintech unicorn — and the first to join the UK fintech unicorn club this year, according to Sifted’s calculations. The funding round was led by Klarna investor Permira, joined by new investor BlackRock Private Equity Partners, and brings the fintech’s valuation to $2.1bn. With the round, GoCardless has bolstered its board with two ex-Klarna hires: Michael Rouse, Klarna’s former chief commercial officer, and Koen Köppen, Klarna’s former chief technology officer, who are both joining as independent directors. “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,” said cofounder and CEO Hiroki Takeuchi. GoCardless plans to funnel the latest cash injection into developing its product offering and expanding its geographical footprint on its quest to become the “world’s leading network for direct bank payments,” the startup said today. GoCardless has grown significantly since its last funding round in December 2020, more than doubling its valuation from $970m to $2.1bn and growing its headcount by 85%. It now processes more than $25bn in transactions annually and boasts a client base of more than 70,000 global businesses. Some of the payment company’s most recent deals have involved some big names in fintech. Klarna, Europe’s most valuable startup, recently picked GoCardless to offer bank debit payments to its 21m-strong US customer base, and GoCardless just signed a strategic agreement with PayPal to become its direct debit partner. Amy O’Brien is a reporter at Sifted. She tweets from @Amy_EOBrien Related Articles Klarna battles serious data breach, with reports of leaked user info By Isabel Woodford Click here to read more This Swedish fintech is taking the UK by storm — and no, it’s not Klarna By Isabel Woodford and Tom Matsuda Click here to read more Monzo’s annual results: the good news and the bad news By Maija Palmer and Isabel Woodford Click here to read more With fraudsters storming the internet, digital gatekeeping is booming In partnership with Plaid Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?
Klarna battles serious data breach, with reports of leaked user info By Isabel Woodford Click here to read more
This Swedish fintech is taking the UK by storm — and no, it’s not Klarna By Isabel Woodford and Tom Matsuda Click here to read more
Monzo’s annual results: the good news and the bad news By Maija Palmer and Isabel Woodford Click here to read more
With fraudsters storming the internet, digital gatekeeping is booming In partnership with Plaid Click here to read more