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GoCardless

Also a provider — view GoCardless’s profile →

“Can a global bank payment network own the full recurring-revenue financial stack — payments, open banking data, and embedded capital — for 75,000+ SMB merchants worldwide?”

Founded2011
HQLondon, United Kingdom
Total raised$1.8B
Latest roundSeries G, February 2022
Valuation$1.8B pre-money (2022)
IndustryInfrastructure / Payments
The story

Founded in 2011 as a UK Direct Debit automation company for subscription businesses, GoCardless expanded into a global bank payment network supporting ACH, SEPA, BACS, and other local debit schemes across 30+ countries. The 2022 acquisition of Nordigen moved the company beyond pure payment collection into open banking data (AIS), positioning it as an all-in-one bank payment and account information provider. In 2025, GoCardless added an embedded capital product powered by Pipe, signalling a broader move toward embedded financial services for its 75,000+ merchant base.

Last 12 months
2025-02
Product timeline
2011
Founded as a Direct Debit payments company, initially focused on the UK market.· pivot
2017
Authorised by the UK FCA under Payment Services Regulations 2017 (registration 597190).· banking
2020
Launched international payments product, enabling merchants to collect payments from 40+ countries with FX powered by Wise.· payments
2022
Acquired Nordigen, a freemium open banking platform with connections to 2,300+ banks across the EEA, expanding into AIS/open banking data.· acquisition
2022
Raised Series G at $1.8B pre-money valuation, led by Permira.· ipo
2025
Launched 'Capital powered by Pipe', an embedded capital financing product for UK SMB merchants within the GoCardless platform.· lending
Regulated entities
4
regulatory licences held by GoCardless
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
In the press
rebank.cc ↗
Coverage sourced from Rebank — an independent publication. All articles are © their original authors; click any card to open the source.
🎙 interview2025-06-03
Lessons Learned from 10 Years in Embedded Finance, with Luke Voiles
Luke Voiles on building embedded lending from modular infrastructure — what to buy, what to build, and how the stack changes market by market.
Luke Voiles · CEO, Pipe
“When we expanded to the UK, we launched with GoCardless. They had 80,000 SMB customers and were our first local partner. It only took us six weeks to go live.”
marqetagocardlessairwallex
Source · Rebank ↗
The stack
7 layers disclosed in GoCardless’s embedded-finance stack
Payments / PSP
GoCardless (self-operated)GoCardless ACH Pull (self-operated)GoCardless Direct Debit (self-operated)GoCardless Pay by Bank (self-operated)GoCardless Outbound Payments (self-operated)
Money movement
in the full report
Lending
in the full report
Open banking
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: none
17 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.