Fintech company GoCardless has raised $22.5m from existing investors to further develop its global direct-debit payments service. The London-based firm's backers include Balderton Capital, Accel Partners, Notion Capital and Passion Capital. In a blog post, the firm said it was "excited about our new partnership with PayPal, which will allow us to offer more convenient payment options for cardholders in emerging markets." The company claims to handle $4bn of transactions for organisations across Europe, including the UK government and the Guardian newspaper.
Fintech company GoCardless has raised $22.5m from existing investors to further develop its global direct-debit payments service. The London-based firm's backers include Balderton Capital, Accel Partners, Notion Capital and Passion Capital. GoCardless is seeking to link banks in a global network to enable smooth direct-debit payments, especially in the subscriptions and other recurring payments space. The company claims to handle $4bn of transactions for organisations across Europe, including the UK government and the Guardian newspaper.