GoCardless Raises $7 Million of Series B Funding
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London, United Kingdom – GoCardless, a UK-based service that allows smaller merchants to easily set up interbank transfers for customers has raised $7 million of series B funding from new investor partners Balderton Capital, and existing investors Accel Partners and Passion Capital.
According to GoCardless CEO Hiroki Takeuchi, the new funding will be used in hiring new employees and for targeting new clients. GoCardless ia a graduate of the top incubation program YCombinator.
“London has strength in the fin-tech space,” Hiroki Takeuchi notes, pointing to the city’s position as one of the world’s biggest financial centers makes it ripe not only for forging partnerships and finding investors, but also for picking up talent among the ranks of disaffected City workers. “It was a combination of that and banking regulations that made sense for our business.”
Funding Total: $7,000,000
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|Investors: Balderton Capital, Accel Partners, Passion Capital|