Today we’re pleased to announce GoCardless’s latest funding round, led by Google Ventures and Adams Street Partners, and supported by existing investors Accel, Passion Capital and ourselves.
The fact that so many of the company’s early investors are returning to participate in its Series E is a huge endorsement for Hiroki and the team at GoCardless, and a reminder of the huge potential the company has going forward.
Since the beginning, the company has focused relentlessly on solving a fundamental problem for small businesses, that of collecting recurring payments.
While GoCardless started in the UK, this challenge is global, with $56 trillion in transactions a year still done on paper. Now with offices in the UK, France, Germany and Australia, this new funding round will support the global rollout of GoCardless’s solution.