Fintech Startup GoCardless Raises $22.5 Million

GoCardless announced the completion of $22.5 million in financing led by Accel Partners. Balderton Capital, Notion Capital, and Passion Capital also participated.

GoCardless is a U.K.-based next-generation payments company that makes collecting payments by direct debit easy for everyone from individuals to multinational corporations. The company allows businesses easily to collect payment from their customers by automating processes to maintain long-term, cost-effective relationships with their constituents. According to the company, whether it’s one-off, recurring or installment payments, direct debit is a proven and trusted approach to getting paid on time every time.