Balderton 
- Portfolio News
- 04 March, 2025
GoCardless, the payments platform simplifying online Direct Debit, has announced today that it has raised $7M in Series B funding led by Balderton Capital. Existing investors Accel Partners and Passion Capital also participated in the funding round.
GoCardless makes it simple to accept recurring payments via Direct Debit online. Launched in London in February 2012, GoCardless has quickly grown to become the UK’s largest Direct Debit provider. The company, which has focused on serving subscription services and B2B businesses, is now processing over $200m of transactions per year, having grown by 700% in 2013.
We believe that payments should be one less barrier to business. Direct Debit is perfect for accepting recurring payments, but it’s been out of reach for most companies up until now. We enable thousands of businesses to access the system for the first time, improving their cash-flow and letting them focus on delivering value to their customers.
Hiroki Takeuchi CEO, GoCardless
A wide range of companies rely on GoCardless, from small charities to national enterprises. Customers such as Greater Anglia Trains use GoCardless to help them manage growing online ticket sales, whilst minimising legacy software costs and administrative overhead.
GoCardless will use this latest funding to build out its proposition for enterprise customers and expand its engineering team. Takeuchi said, “Our largest customer today is 15 times bigger than that of a year ago. This new funding allows us to recruit the best talent to help us scale our technology to serve the demands of ever larger businesses.”
GoCardless is an exceptional team with the potential to radically improve the way payments are done for businesses. For us, the most distinguishing feature was the feedback from their existing customers, who stressed that the technology they have developed, and the technical team they have built, is world class. We believe this technological advantage, the scalability of the GoCardless model and size of the market it operates in will allow GoCardless to play an important role in the future of online payments.
Tim Bunting General Partner, Balderton
Tim will join existing investor Sven Schmidt from Accel on the GoCardless Board. Robert Dighero from Passion Capital also remains on the Board as an observer.
