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GoCardless

Global bank-debit network for recurring payments

Overview

GoCardless provides a payment platform that helps businesses collect recurring payments using a global bank debit network. It supports subscriptions, invoices, memberships, and installment payments, offering an alternative to traditional card networks. The service works by enabling businesses to initiate collections through the GoCardless network, with fees charged per transaction. It integrates with other software through APIs and platform connectors, making it easy to embed GoCardless into existing systems. Compared to card-based payment providers, GoCardless focuses on a bank debit method optimized for recurring revenue at a global scale, serving clients from small businesses to large enterprises like TripAdvisor and The Guardian. The company's goal is to simplify and streamline the process of collecting recurring payments worldwide, improving efficiency, predictability, and cash flow for its customers.

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About GoCardless

Simplify's Rating
Why GoCardless is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise SoftwareFintechFinancial Services

Company Size

501-1,000

Company Stage

Acquired

Total Funding

$634.4M

Headquarters

London, United Kingdom

Founded

2011

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Simplify's take

What believers are saying

  • Recurring Pay by Bank launched commercially in June 2026 with UKPI support.
  • Data Energy and anvil integrations show enterprise demand for automated billing workflows.
  • GoCardless reported its first EBITDA-positive quarter in summer 2025, improving hiring confidence.

What critics are saying

  • Mollie now controls GoCardless after September 2026, limiting strategic independence and exit optionality.
  • Visa and Mastercard still dominate UK retail, pressuring adoption of recurring Pay by Bank.
  • If UKPI momentum stalls, GoCardless becomes a niche Direct Debit vendor, not a platform.

What makes GoCardless unique

  • GoCardless owns recurring bank-payments rails, Direct Debit, and Recurring Pay by Bank.
  • It processed the UK's first agentic account-to-account payment for Trussell in September 2026.
  • Mollie kept GoCardless as a separate brand after the September 2026 acquisition.

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Funding

Total Funding

$634.4M

Above

Industry Average

Funded Over

11 Rounds

Notable Investors:
Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison Coming Soon

Benefits

  • Wellness Program
  • Time Off
  • Hybrid Work Options
  • Equity
  • Parental Leave

Growth & Insights and Company News

6 month growth

0%

1 year growth

-1%

2 year growth

0%
Australian FinTech
Oct 22nd, 2026
Former Xero executive Ian Boyd joins Budgetly as Chief Revenue Officer.

Former Xero executive Ian Boyd joins Budgetly as Chief Revenue Officer. Budgetly, the real-time spend control system for Australian SMEs, has appointed former Xero General Manager Ian Boyd (pictured above) as Chief Revenue Officer. Track Finances Boyd joins Budgetly from GoCardless, where he was General Manager, ANZ. Before that, he spent eight years at Xero, most recently as General Manager, Partnerships, APAC. In his new role, Boyd will lead Budgetly's revenue organisation across go-to-market, marketing and partner growth. His focus will include expanding Budgetly's work with accounting firms, bookkeepers and business advisers. The appointment comes as Budgetly passes 20,000 users and continues to grow its role in helping Australian businesses replace reimbursements, shared cards and manual spend processes with real-time budgets, approvals and audit-ready accountability. Budgetly has processed more than $1.5 billion in payment volume across more than two million transactions. User numbers have grown 70% in the past year, while customer retention remains at 99%. The appointment comes as financial teams continue to look for ways to reduce manual admin and adopt new technology. The company's March 2026 CFO Survey of 106 finance leaders also found that 49.1% spend 40% or more of their team's time on manual tasks. While 74.5% of respondents were interested in using AI for finance automation, only 25.5% were using AI-enabled tools. "Ian understands the role accountants and bookkeepers play in helping businesses improve their financial operations. His experience at Xero and GoCardless gives him a clear view of what advisers need from the tools they recommend," said Simon Lenoir, CEO of Budgetly. Track Finances "Australian SMEs need control before money moves, not another report explaining where it went. Ian will help us make Budgetly's value easier to see, easier to adopt and easier to build into everyday workflows." Boyd said his 8 years at Xero working with accountants and bookkeepers showed him how much finance work still happens after the transaction. Discover more Plan Finances Compare Cards Find Suppliers "Accountants and bookkeepers often spend too much time cleaning up spend data after the fact," said Boyd. "I did my due diligence before joining the team. Budgetly has a really smart point of difference. Most expense management starts after the money's gone, but Budgetly starts before it's spent. That shift gives businesses greater control over spending, taking unnecessary admin off finance teams. I'm looking forward to bringing that approach to more Australian businesses." Boyd will also support Budgetly's partner program, which helps accounting firms, bookkeepers and business advisers improve the way their clients manage company spend. "Good advisers should not have to spend their time chasing receipts and reconstructing transactions," Boyd said. "I'm genuinely excited about helping our partner accountants and bookkeepers get on top of their clients' budgets so they can spend more time on what matters most: providing valuable advice." Boyd has more than 20 years' experience across B2B SaaS, payments and financial services. Earlier in his career, he spent eight years at Visa, leading Commercial Payments for Australasia. Track Investments

The Layer
Sep 28th, 2026
The Layer wins Best Software Vendor - Workflow at the Channel National Awards 2026.

The Layer wins Best Software Vendor - Workflow at the Channel National Awards 2026. A second Channel National Award in two years, this time for the workflow its partners run their businesses on. The Layer is delighted to have won Best Software Vendor - Workflow at the Channel National Awards 2026, held last week at the Park Plaza Westminster Bridge in London. It follows Best Software Application of the Year at last year's awards, which makes this its second win at the event in two years. It was a strong shortlist. DocuWare, Kaseya, PacketFront, Red Cactus, Smarsh and Tollring are all serious businesses, and The Layer were pleased to be in the room with them. Well done to every finalist, and thanks to Sue Perkins for hosting and to the Channel National Awards team and Giacom for a brilliant evening. Why workflow matters. Workflow is the part of the job its partners least want to think about: orders, provisioning, billing and the handoffs between them. When it works, nobody notices. When it doesn't, customers wait, invoices go out wrong and teams spend their day re-keying data from one system into another. That is the problem The Layer was built to solve for telecoms and MSP providers: one system from prospect to cash. What The Layer has shipped this year. Most of its development over the past year has gone into automation and practical AI that partners are already using in production: * Automation Builder: a visual, no-code builder that takes repetitive work off teams' hands. Windsor Telecom connected its credit-control process to The Layer with it, with a full audit trail. * Self-Heal: its AI engineering system that investigates, fixes and tests product improvements, with every change reviewed by its engineers before it ships. Fixes that used to take days now take minutes. * MCP server: lets partners connect AI assistants such as Claude and Copilot securely to their own Layer data and ask questions of it in plain English. Alongside those, The Layer has released Report Builder, AI case categorisation, a new user interface and deeper integrations with Giacom, Abillity, GoCardless, Stripe, HubSpot and Microsoft Teams. Built with its partners. Its roadmap is shaped by the businesses that use The Layer every day. Over 200 partner-requested improvements shipped this year on weekly releases, and every implementation in the period went live. "With five acquisitions over the last five years, we would've had no chance of doing the acquisitions, and becoming the seamless UK-wide organisation that we are now, if it hadn't been for The Layer." Pete Tomlinson, CEO, Windsor Telecom Thank you. It was great to see so many of its customers and partners on the night. Thank you for trusting The Layer with the work that keeps your businesses running, and thanks to the whole Layer team, who build and support it every day. If you'd like to see what The Layer could do for your business, get in touch. Posted. September 28, 2026 Cookie consent This website uses cookies that help the website to function and also to track how you interact with its website. But for The Layer to provide the best user experience, enable the specific cookies from Settings, and click on Accept.

Financial IT
Sep 22nd, 2026
GoCardless Processes the First Agentic Account-to-Account Payment in the UK.

GoCardless Processes the First Agentic Account-to-Account Payment in the UK. * Payments * 22.09.2026 10:19 am Bank payment company GoCardless has processed the first agentic account-to-account transaction in the UK, an AI-driven donation on its website for Trussell, the anti-poverty charity and community of food banks. The pioneering transaction was completed end-to-end through a conversation with an AI agent, bringing simplicity and ease to the giving process whilst responding to market demand for the payer to stay in complete control. The entire interaction lives within an AI chat: donors can find out more about Trussell's work, then choose how much they'd like to give from a menu of options. Each donation amount - £5, £10, or £15 per month - comes with a description of how the funds will be used. Once the supporter selects their option, the AI agent prompts them to enter their bank details to set up a Direct Debit mandate on their behalf. GoCardless developed and launched this agentic payment process within the FCA's AI Live Testing programme - a scheme to support safe and responsible AI deployment - which the fintech was selected to join earlier this year. The UK government has identified agentic payments as a high priority and practical proxy for scaling AI safely in other emerging financial services use cases, whilst the National Payments Vision calls for account-to-account payments to become a genuine alternative to cards. From a global perspective, Morgan Stanley estimates AI agents could handle up to $385 billion of US e-commerce spending by 2030. Hiroki Takeuchi, co-founder and CEO of GoCardless, said: "We're extremely proud to have processed the UK's first live agentic bank payment, built under FCA supervision and for a very good cause. The checkout flow is rooted in payer research: 64% of UK consumers are open to AI managing their recurring payments, provided they keep control over limits or final approval. Unlike cards, Direct Debit and Recurring Pay by Bank are specifically built for this." "We've long argued that account-to-account payments are the natural foundation for agentic commerce, and this groundbreaking transaction turns that core belief into tangible proof." Christianne McKenzie, Head of Individual Giving at Trussell, said: "Every recurring donation helps us reach more people in need. If agentic payments make it simpler for someone to commit to giving, that's a genuine win for everyone as we work to end hunger together. What struck us most was how natural the whole process felt; the giving process is a conversation, not just a form to fill out. That's exactly the kind of experience we want for our donors."

Yahoo Finance
Sep 22nd, 2026
GoCardless processes UK's first AI-driven bank payment for charity Trussell

GoCardless has processed the UK's first agentic account-to-account payment, an AI-driven donation to anti-poverty charity Trussell. The transaction was completed entirely through conversation with an AI agent, allowing donors to learn about Trussell's work and select monthly donation amounts of £5, £10, or £15 before setting up Direct Debit. The payment process was developed within the FCA's AI Live Testing programme. Research shows 64% of UK consumers are open to AI managing recurring payments if they retain control over limits and final approval. Morgan Stanley estimates AI agents could handle up to $385 billion of US e-commerce spending by 2030. GoCardless co-founder Hiroki Takeuchi said account-to-account payments provide a natural foundation for agentic commerce, turning that belief into tangible proof.

Zeren
Sep 14th, 2026
Zeren partners with Elliptic to appoint Prince Matambanadzo as Vice President, Data and Intelligence Operations.

Zeren partners with Elliptic to appoint Prince Matambanadzo as Vice President, Data and Intelligence Operations. 14th September 2026 Prince Matambanadzo joins Elliptic as Vice President, Data and Intelligence Operations, strengthening the global blockchain analytics company's data and intelligence leadership. Elliptic is a global blockchain analytics business that helps financial institutions, crypto businesses and regulators identify and manage financial crime risk in cryptoassets. Strengthening data and intelligence leadership is a key part of the next stage of Elliptic's growth, as demand for trustworthy intelligence in the crypto space continues to accelerate. Prince joins from GoCardless, where he spent almost six years, most recently as VP, Business Services. He deployed nine production AI agents at GoCardless, and has written and spoken publicly about a framework he has developed called Generalised Specificity, including at Salesforce's Dreamforce and Agentforce Tour London. "In working with Prince, what stood out for me was his track record in scaling and productising AI, how likeable he is, and his ability to deconstruct and solve a problem." - Peter Shawyer, Director, Data Practice at ZEREN Congratulations, Prince. We look forward to seeing the impact you make at Elliptic. If you are looking to strengthen your data or intelligence leadership function, connect with Peter Shawyer directly to discuss how we can support your next hire.

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