2 Min Read
LONDON (Reuters) - British digital payments firm GoCardless has raised $95 million in an investment round led by Bain Capital Ventures, the company said on Thursday.
The startup will use the cash injection to invest in its open banking strategy, enabling more businesses to accept bank-to-bank payments and replacing more costly card transactions, it said.
London-based GoCardless processes direct debit payments, which are recurring transactions withdrawn directly from a consumers’ bank account. Clients include businesses such as those charging monthly subscriptions or offering installment payments.
The deal brings the total funding raised by the company to $240 million.
It comes as digital payment companies have seen transaction volumes boom during the coronavirus pandemic, with global lockdowns pushing more commerce and business online.
google gocardless funding, technology company, digital payments
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Gocardless lève 95 millions de dollars pour combiner paiements récurrents et open banking
usine-digitale.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usine-digitale.fr Daily Mail and Mail on Sunday newspapers.