GoCardless Acquisition, Valuation, Funding & Investors
GoCardless was acquired by Mollie for $1.2B in December 2025, a 7.1x multiple on $168M of revenue.
GoCardless revenue at acquisition
$168M
Last twelve months · Dec 2025
GoCardless revenue multiple at acquisition
7.1x
EV/Revenue · Dec 2025
Cumulative funding GoCardless raised
$528M
across 7 funding rounds
About GoCardless
GoCardless is a London-headquartered fintech that facilitates Direct Debit and bank payments for businesses handling domestic and international collections. The platform connects to over 2,300 banks across Europe and provides customer bank account data access for risk management and product enhancement. With offices in London, Paris, Riga, Melbourne, and New York, GoCardless supports more than 75,000 businesses globally including partnerships with Xero and Salesforce.
Founded
2011
HQ
LondonWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Commission
Revenue
$94M (Feb 2022)
Valuation
$2.1B (Feb 2022)
GoCardless Acquisition
GoCardless was acquired by Mollie for $1.2B on 11 December 2025.
The acquisition price implies a 7.1x revenue multiple on $168M of revenue.
Before the acquisition GoCardless had raised $528M across 7 funding rounds.
Mollie, an Amsterdam-based payments platform founded in 2004 by Adriaan Mol, provides businesses with solutions for online and in-person payments, reconciliation, fraud prevention, and financing across more than 30 European markets, including recent expansions into seven new markets in 2025 such as Finland. GoCardless, a London-headquartered fintech established in 2011, specializes in bank-to-bank payments through direct debit, real-time payments, and open banking, serving global clients for subscriptions and invoices; it achieved unicorn status in 2019 and reported £126.8 million in FY24 revenue, up 38% year-on-year. On December 11, 2025, Mollie announced its agreement to acquire GoCardless for $1.1 billion (€1.1 billion), marking Mollie's first acquisition and one of 2025's largest European fintech deals. The strategic rationale centers on creating Europe's most complete payments platform, combining Mollie's card payments, local methods (e.g., iDEAL in the Netherlands, Satispay in Italy), and financing tools like Mollie Capital with GoCardless' global bank payment network to serve over 350,000 businesses via a single integrated solution. This addresses fragmented infrastructure, reduces failed payments and churn in recurring revenue models, enables hyperlocal onboarding, simplifies global expansion, and provides advanced fraud monitoring and analytics. Integration into Mollie Connect will occur in a phased manner to ensure service continuity and localized support, positioning the combined entity against cross-border complexity and EU regulations like the Instant Payments initiative. The all-cash transaction, advised by FT Partners for Mollie and Linklaters for GoCardless with Weil representing Blackstone Growth as Mollie's lead investor, remains subject to regulatory approvals and customary conditions, with closure expected in mid-2026.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 11 Dec 2025 | Strategic M&A | $1.2B | 7.1x |
GoCardless Valuation
GoCardless is currently valued at $2.1B, based on its Series G in February 2022.
The $312M round was led by Permira, with participation from BlackRock.
GoCardless' valuation has grown 2.2x from $970M at its Series F in December 2020 to $2.1B in February 2022, across 2 priced rounds.
GoCardless valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2022 | Series G | $2.1B | 22.3x |
| Dec 2020 | Series F | $970M | 5.7x |
GoCardless Revenue
GoCardless' latest recorded revenue is $94M, as of its Series G in February 2022. At a $2.1B valuation, that implies a 22.3x revenue multiple.
Revenue moved from $169M in December 2020 to $94M in February 2022, while the revenue multiple moved from 5.7x to 22.3x.
GoCardless revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2022 | $94M | $2.1B | 22.3x | Series G |
| Dec 2020 | $169M | $970M | 5.7x | Series F |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
GoCardless Funding History
GoCardless has raised a total of $528M across 7 funding rounds.
GoCardless' first fundraising round was a $3M Series A in April 2013. The most recent completed round was a $312M Series G in February 2022.
GoCardless funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2022 | Series G | Permira (lead); BlackRock | $312M | $2.1B | GoCardless, a UK-based fintech specializing in direct bank payment solutions including direct debit and open banking-powered account-to-account payments, secured a Series G funding round of USD312 million on February 8, 2022, led by Permira's Growth Opportunities fund with participation from BlackRock Private Equity Partners. The investment valued the company at USD2.1 billion, marking it as a tech unicorn and providing capital to accelerate growth in open banking, expand geographically, and build a global 'bank pay' network to compete with card payments. The round followed strong momentum, with GoCardless growing its customer base by 20% in 2021 and pioneering innovations like the first live Variable Recurring Payment (VRP) via Open Banking in the UK in 2019. Over 100,000 businesses used the platform for on-time payments by early 2022. Permira's involvement brought expertise from prior investments in payments firms like Klarna, and the round included board additions such as Michael Rouse from Klarna and Koen Köppen, then at Klarna. J.P. Morgan acted as placement agent, and Goldman Sachs advised Permira. This funding positioned GoCardless to capitalize on regulatory tailwinds, including mandates for UK banks to support VRPs by July 2022. Subsequent developments include talks of acquisition by Mollie in 2025, with references back to the 2022 USD2.1 billion valuation. |
| Dec 2020 | Series F | Bain Capital Ventures (lead); Hermes GPE | $95M | $970M | GoCardless is a London-based fintech company founded in 2011 that provides a platform for businesses to collect recurring payments via direct bank debits, such as Direct Debit in the UK, across more than 30 countries. It serves small businesses, mid-market, enterprise customers, and subscription economy players like Docusign, 8x8, Brompton Bike Hire, and Bridgestone’s MOBOX, competing with Stripe in bank debit processing. On December 17, 2020, GoCardless closed a $95 million Series F funding round led by Bain Capital Ventures, with participation from Hermes GPE, bringing total funding raised to $240 million. The round valued the company at $970 million post-money, positioning it near unicorn status (over $1 billion), though the CEO noted they did not prioritize pushing for unicorn valuation. Funds were earmarked to accelerate open banking strategy, combining account-to-account payments with a global bank debit network covering over 70% of worldwide recurring payments volume, expand into e-commerce markets, launch new tools like payments intelligence via Success+, and grow internationally including US entry. The company reported strong pandemic-driven growth with 46% year-on-year increase, 100% rise in new bookings in 2020, processing $15-18 billion in annual payments (not stated as revenue or ARR). It had previously raised $75 million in Series E in 2019 from investors including Accel, GV, Salesforce Ventures, Balderton Capital, Adams Street Partners, Notion Capital, and Passion Capital. By its next Series G round in February 2022, GoCardless achieved unicorn status at $2.1 billion valuation with $312 million raised led by Permira and BlackRock, processing over $25 billion in transactions yearly for 70,000+ businesses. Bain Capital Ventures highlighted GoCardless' potential in untapped bank debit markets and shift to larger customers. |
| Feb 2019 | Series E | Adams Street Partners (lead); GV (lead); Salesforce Ventures (lead); Balderton Capital; Passion Capital; Notion Capital; Accel | $75M | - | GoCardless is the global leader in recurring payments, providing a platform that enables businesses to collect subscription, instalment, and invoice payments through automatic bank debits. The company built a proprietary global bank debit network that by spring 2019 covered 70% of the world's recurring payments volume across North America, Europe, and APAC, spanning 35 countries and nine bank debit schemes. By the time of its Series E funding in February 2019, GoCardless processed $10 billion in transactions annually and served 40,000–45,000 businesses worldwide. The Series E round of $75 million was led by new investors Adams Street Partners, Google Ventures (GV), and Salesforce Ventures, with participation from returning investors Accel Partners, Balderton Capital, Notion Capital, and Passion Capital. The company planned to use the funding to expand its global team across EMEA, APAC, and North America, develop new products including cross-border payment services, instant settlement features, and payment intelligence tools to reduce transaction failure rates. |
| Sep 2017 | Series D | Accel (lead); Balderton Capital; Passion Capital; Notion Capital | $23M | - | GoCardless is a London-based fintech providing an international bank-to-bank payments solution for businesses to accept recurring payments globally in any currency. In September 2017, it raised $22.5 million in a Series D round led by Accel, with participation from existing investors Balderton Capital, Notion Capital, and Passion Capital. The funds were intended to accelerate expansion into new markets including the eurozone, UK, Sweden, Denmark, and Australia, building a global payments network. At the time of the round, GoCardless had processed $4 billion in transactions across more than 30,000 organizations in the UK and Europe, reflecting strong growth following record annual performance in the UK and traction in new markets. The company integrated with platforms like QuickBooks, Xero, Zuora, and Sage. New senior hires included Carlos Gonzales-Cadenas as chief product and technology officer from Skyscanner and Andrew Gilboy as chief revenue officer from Demandware. This round contributed to GoCardless's trajectory toward later funding, including a $75 million Series E in 2019 and larger rounds achieving unicorn status at $2.1 billion valuation in 2022. |
| Mar 2016 | Series C | Notion Capital (lead); Axcel Partners; Balderton Capital; Passion Capital | $13M | - | GoCardless raised $13 million in a funding round in March 2016 led by Notion Capital, with participation from existing investors Balderton Capital, Accel Partners, and Passion Capital. The company provides a platform for businesses to accept bank-to-bank recurring payments online as an alternative to card payments. Funds were allocated to sales and marketing expansion, including international growth into markets like the Netherlands, Spain, Sweden, France, and Germany. At the time, GoCardless processed £1 billion in annual payments volume, up from £500 million in July 2015 and on track to double. The platform served 16,000 merchants, including major clients such as Thomas Cook, The Financial Times, and TripAdvisor, as well as SMEs, charging a fee per transaction. |
| Jan 2014 | Series B | Balderton Capital (lead); Passion Capital; Accel | $7M | - | GoCardless raised $7 million in its Series B funding round on January 28, 2014, led by Balderton Capital with participation from existing investors Accel and Passion Capital. The funds were intended to expand the development team, enhance product features for enterprise customers, and enter new markets. At the time, GoCardless had become the UK's largest Direct Debit provider since its 2012 launch, focusing on subscription services and B2B businesses. The company processed over $200 million in transactions in 2013, reflecting 700% year-over-year growth. Its largest customer was 15 times bigger than a year prior, highlighting demand from larger enterprises. GoCardless positioned itself as a scalable platform simplifying online Direct Debit payments, aiming to challenge traditional payment methods with superior technology. |
| Apr 2013 | Series A | Accel (lead); Passion Capital (lead) | $3M | - | - |
Who has invested in GoCardless?
12 investors have backed GoCardless across its funding rounds, including Passion Capital, Accel, Balderton Capital, Notion Capital, GV and Salesforce Ventures.
Lead investors include Permira, Bain Capital Ventures, Adams Street Partners, GV, Salesforce Ventures and 4 other investors.
GoCardless Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| London | 5 | Lead | Apr 2013 | |
| London | 4 | Lead | Jan 2014 | |
 Palo Alto, CA | 4 | Lead | Apr 2013 | |
| London | 3 | Lead | Mar 2016 | |
| Chicago, IL | 1 | Lead | Feb 2019 | |
| San Francisco, CA | 1 | Lead | Feb 2019 | |
| London | 1 | Lead | Feb 2022 | |
| Baltimore, MD | 1 | Participant | Mar 2016 | |
| San Francisco, CA | 1 | Lead | Feb 2019 | |
| United States | 1 | Participant | Feb 2022 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by GoCardless
GoCardless has acquired 3 companies to date.
Last acquisition by GoCardless was on March 15th 2024. GoCardless acquired Sentenial for $35M.
Latest Acquisitions by GoCardless
| Description | - | Nuapay is a Dublin-headquartered open banking payment provider founded in 2018 as part of Sentenial. The platform processes €42 billion annually in A2A transactions across Europe, serving banks like AIB and Revolut. Nuapay enables instant payouts and variable recurring payments compliant with PSD2. It integrates with 200 fintechs. | Nordigen is a Berlin-based open banking API provider compliant with PSD2 regulations. The platform establishes secure data connections to major European banks, enabling account aggregation and transaction insights. Acquired by Solarisbank in 2021, Nordigen supports fintech applications in personal finance management and lending decisions across the European Economic Area. |
| HQ Country |  | |  |
| HQ City | - | Kildare | Riga |
| Deal Date | 15 Mar 2024 | 15 Mar 2024 | 1 Jul 2022 |
| Valuation | $35M | $35M | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all GoCardless acquisitions and their M&A valuation multiples. Start Free Trial | |||
Investments by GoCardless
GoCardless has invested in 1 company to date.
Latest investment by GoCardless was on April 9th 2026. GoCardless invested in Round Treasury in their $6M Seed round.
Latest Investments by GoCardless
| Description | Round Treasury is a London-based treasury management platform for startups optimizing excess cash. It aggregates hundreds of UK savings accounts for yields up to 5 percent, maximizes FSCS protection up to £85,000 per institution, and automates transfers. The service minimizes FX risk for international teams. |
| HQ Country | |
| HQ City | London |
| Deal Date | 9 Apr 2026 |
| Round | Seed |
| Raised | $6M |
| Investors | Passion Capital; Tide; BACKED VC; Monzo; Love Ventures; Alstin Capital; Paul Forster |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all GoCardless investments and their VC round multiples. Start Free Trial | |
GoCardless Competitors
GoCardless competitors include listed companies like PicPay and PaySign, and private ones like Juspay, Interswitch, Stax and TransferMate.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 India | Private | $55M | - | $1.2B | 19.7x | |
 Brazil | Publicly listed | $1.2B | $205M | $1.2B | 0.5x | |
 Lagos | Private | $300M | - | $1B | 3.3x | |
| Orlando, FL | Private | - | - | $1B | - | |
| Kilkenny | Private | - | - | $1B | - | |
| United States | Publicly listed | $82M | $16M | $701M | 6.4x |
GoCardless Public Comps
GoCardless is no longer listed, but its public comps include PicPay, Fawry, Deluxe, Eurowag, Worldline, SY Holdings Group, National Securities, Cass Information Systems, Digital Garage and PaySign.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.2B | $205M | 1.0x | 0.5x | 6.0x | 3.8x | |||
| $166M | $73M | 6.8x | 5.2x | 15.4x | 9.6x | |||
| $2.1B | $379M | 1.2x | 1.2x | 6.7x | 5.6x | |||
| $2.7B | $119M | 0.5x | 3.0x | 10.3x | 7.5x | |||
| $4.6B | ($5.2B) | 0.6x | 0.7x | (0.6x) | 3.8x | |||
| $135M | $120M | 5.8x | - | 6.5x | - | |||
| $159M | $48M | 9.4x | 8.5x | 31.6x | - | |||
| $182M | - | 4.6x | 4.1x | - | - | |||
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Common questions about GoCardless
| When was GoCardless founded? | GoCardless was founded in 2011. |
| Where is GoCardless headquartered? | GoCardless is headquartered in London, United Kingdom. |
| Is GoCardless publicly listed? | No, GoCardless was acquired by Mollie in December 2025. |
| Who acquired GoCardless? | GoCardless was acquired by Mollie in December 2025. |
| How much was GoCardless acquired for? | GoCardless was acquired for $1.2B in December 2025, a 7.1x revenue multiple. |
| What is GoCardless' valuation? | GoCardless was last valued at $2.1B in its Series G in February 2022. |
| How much funding has GoCardless raised? | GoCardless has raised $528M across 7 funding rounds. |
| What was GoCardless' last funding round? | GoCardless' last funding round was a $312M Series G in February 2022, led by Permira. |
| Who are GoCardless' investors? | GoCardless' investors include Passion Capital, Balderton Capital, Accel, Notion Capital, Adams Street Partners, Salesforce Ventures, Permira, Axcel Partners, GV, BlackRock and 2 others. |
| What is GoCardless' revenue? | GoCardless' latest recorded revenue is $94M (February 2022). |
| What is GoCardless' revenue multiple? | GoCardless' latest valuation implies a 22.3x revenue multiple ($2.1B valuation on $94M of revenue). |
| Which companies are comparable to GoCardless? | Companies comparable to GoCardless include Juspay, PicPay, Interswitch, Stax, TransferMate and PaySign. |
| How many companies has GoCardless acquired? | GoCardless has acquired 3 companies, including Sentenial, Nuapay and Nordigen. |
| What was the largest acquisition by GoCardless? | The $35M acquisition of Sentenial in March 2024 is the largest acquisition GoCardless has made to date. |
| How many companies has GoCardless invested in? | GoCardless has invested in 1 company, including Round Treasury. |
| What was GoCardless' last investment? | In April 2026, GoCardless invested in Round Treasury's $6M seed round alongside Passion Capital, Tide, BACKED VC and 4 other investors. |
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