London based online payments startup GoCardless has raised $22.5m in Series D funding led by Accel Partners. GoCardless is a UK based next generation payments company that makes collecting payments by Direct Debit easy for everyone from individuals to multi-national corporations.
Founded in 2011, GoCardless describes itself as a next generation payments company that makes it “incredibly” cheap and easy for anyone to take payments online using its Direct Debit infrastructure. The company is sponsored by Royal Bank of Scotland (RBS) and is regulated by the FCA Financial Conduct Authority (FCA). “Our industry-beating pricing (1% up to a maximum of £2), easy payment collection (we automate reconciliation into your accounts) and instant online sign-up mean that we are rapidly becoming the preferred online direct debit option for businesses.We are a rapidly-growing, highly technical team based in London. Combining years of financial services experience with a customer-driven approach, we are transforming online payments and the direct debit industry.”