
Notion Capital led the round alongside existing investors Balderton Capital, Accel Partners and Passion Capital – partner of the latter Eileen Burbidge was crowned UK’s special envoy of fintech by George Osborne in 2015.
Founded in 2011, the company now provides its service to over 16,000 companies, which amounts to £1bn of payments processed annually, while it has received more than $25m worth of investment. Travel, utilities and telecoms are said to be the bread and butter for GoCardless. Although SMEs were the initial focus for the business, Thomas Cook signed on as a GoCardless client to supply travellers with the option to pay in monthly instalments free of interest.Read more on investments:
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- Pitch to Rich axed: Richard Branson’s £1m business challenge reborn as VOOM 2016
- Despite rise in alternative finance, most FDs still look to banks for funding
In keeping with GoCardless’ accomplishment, here are three ways that London can remain the fintech capital of the world.
By Zen TerrelongeShare this story