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FT Partners Advises GoCardless on its $75,500,000 Series E Financing

Overview of Transaction

  • On February 18, 2019, GoCardless announced it has raised $75.5 million in Series E financing led by Adams Street Partners and GV (Google Ventures) with participation from new investor Salesforce Ventures along with existing investors Accel, Balderton Capital, Notion Capital, and Passion Capital
  • This financing brings GoCardless’s total funding to $122.5 million
  • Headquartered in London, UK, GoCardless is a global payments platform offering cloud-based solutions that enable customers to seamlessly take recurring payments through bank debit
  • With clients ranging from small businesses to household names such as Thomas Cook, TripAdvisor and the Guardian, GoCardless brings together a range of bank debit schemes globally
  • GoCardless’s API-based software platform makes it easy for customers to take online recurring payments, such as invoices, subscriptions and installments through bank debit

Significance of Transaction

  • This financing will enable GoCardless to expand into new markets across North America, Europe, and Australia and New Zealand, grow its talent base, and invest in product and partner development as the Company executes on its vision to become the global leader in recurring payments

FT Partners' Role

  • FT Partners served as sole strategic and financial advisor to GoCardless
  • This transaction underscores FT Partners’ unparalleled track record in the Payments space with another great outcome for our client and highlights the Firm’s strong capabilities in finding the right investors for our clients worldwide