GoCardless
Financials
Estimates*
EUR | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 6.8m | 14.3m | 24.2m | 35.2m | 81.6m | 84.4m | 111m |
% growth | 360 % | 110 % | 69 % | 46 % | - | 4 % | 31 % |
EBITDA | (4.2m) | (7.6m) | (20.0m) | (30.0m) | (55.9m) | (73.3m) | (93.4m) |
% EBITDA margin | (62 %) | (53 %) | (83 %) | (85 %) | (69 %) | (87 %) | (84 %) |
Profit | (4.4m) | (6.5m) | (17.4m) | (32.7m) | (56.2m) | (75.6m) | (94.0m) |
% profit margin | (65 %) | (46 %) | (72 %) | (93 %) | (69 %) | (90 %) | (85 %) |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$125k | Support Program | ||
$1.5m | Seed | ||
$3.3m | Series A | ||
$7.0m | Series B | ||
N/A | Support Program | ||
$13.0m | Series C | ||
* | $22.5m | Series D | |
* | $75.0m | Series E | |
$95.0m Valuation: $970m 25.1x EV/LTM Revenues -29.4x EV/LTM EBITDA | Series F | ||
$105m | Series F | ||
* | $312m Valuation: $2.1b 23.4x EV/LTM Revenues -34.1x EV/LTM EBITDA | Series G | |
* | N/A | - | |
Total Funding | €577m |
Recent News about GoCardless
EditGoCardless is a financial technology company focused on simplifying the payment process for businesses with recurring revenue. The company operates in the global market, serving a diverse range of clients from small businesses to large enterprises, including well-known names like TripAdvisor and The Guardian. Headquartered in London, GoCardless has expanded its reach to multiple countries, including the USA, Canada, Australia, and several European nations.
The core service provided by GoCardless is a platform that facilitates the collection of payments through a global bank debit network. This network is designed to be an alternative to traditional credit and debit card systems. The platform is optimized for various types of payments, including subscriptions, invoices, memberships, and installment payments. By leveraging this network, GoCardless aims to make the payment collection process more efficient and less painful for businesses.
GoCardless operates on a business model that generates revenue through transaction fees. These fees are charged to businesses each time they collect a payment using the GoCardless platform. The company processes a significant volume of transactions annually, amounting to £13 billion, which underscores its extensive reach and the trust it has garnered from its 50,000 business clients.
In addition to its core payment services, GoCardless offers various integrations with other software platforms, making it easier for businesses to incorporate its payment solutions into their existing systems. The company also provides extensive support resources, including a support center, guides, and API documentation, to help businesses navigate and optimize their use of the platform.
In summary, GoCardless is revolutionizing the way businesses handle recurring payments by offering a streamlined, efficient, and global solution. Its commitment to simplifying the payment process has made it a trusted partner for thousands of businesses worldwide.
Keywords: Fintech, Recurring Payments, Global Network, Subscription Payments, Invoice Payments, Small Business, Enterprise, Transaction Fees, Payment Platform, API Integrations.