GoCardless is a global payments platform focused on enabling businesses to collect recurring and one-off payments directly from customers’ bank accounts, streamlining the process of bank payments across multiple countries and currencies. GoCardless helps over 75,000 businesses worldwide handle payments efficiently, processing more than $30 billion annually.
The company’s core offering is its bank payment network, which allows organizations to accept payments via direct debit, open banking, and other bank-to-bank methods. GoCardless is particularly known for reducing the friction, stress, and high fees often associated with traditional payment methods like cards and wire transfers. Their technology supports both recurring billing—ideal for subscriptions and memberships—and one-off transactions, making it suitable for a wide range of business models.
GoCardless also provides a suite of add-on products to address common payment challenges. These include features for automatic recovery of failed payments, tools to challenge chargebacks, and fraud prevention measures—all designed to optimize cash flow and minimize payment-related administrative work for businesses. Following the acquisition of Nordigen, GoCardless now also offers open banking data capabilities, helping businesses make faster and more informed decisions by accessing customer bank account insights.
GoCardless is backed by prominent investors such as Accel Partners, Bain Capital Ventures, Balderton Capital, GV (Google Ventures), Notion Capital, Passion Capital, Permira, and Salesforce Ventures. The company operates globally, with offices in London, Paris, Riga, Melbourne, and New York, and serves clients ranging from fast-growing SaaS businesses to established enterprises seeking more cost-effective and streamlined payment collection.
What technology enables GoCardless?
GoCardless leverages open banking technology and direct bank payment schemes to facilitate secure, efficient, and low-cost transactions. By integrating with bank APIs and using advanced fraud detection, the platform ensures payments are processed quickly and with minimal risk. Their open banking leadership, enhanced by the Nordigen acquisition, extends their capabilities beyond payments into financial data aggregation and analysis.
Who are GoCardless’s competitors?
GoCardless operates in the recurring bank payment and fintech space, where several other companies offer similar or adjacent solutions:
- Stripe Billing: Focuses on flexible billing and subscription management, supporting a variety of payment methods including cards and bank debits.
- Recurly: Specializes in subscription management and recurring billing, integrating with major ERPs and payment gateways.
- ChargeOver: Provides online billing automation for recurring payments and subscription management.
- PaySimple: Offers recurring billing and payment automation for SMBs.
- Rotessa: Makes it easy to schedule and collect direct bank payments, focusing on simplicity and small business needs.
- Ordway Labs: Enables recurring payments via credit cards or direct debits with flexible scheduling.
- Inoviopay: Delivers recurring billing solutions to ensure timely payments.
- Clearly Payments: Offers automated recurring billing and subscription management.
- ACI Worldwide: Supports multi-currency, multi-bank recurring payments for enterprises.
While these platforms offer a variety of recurring payment and billing features, GoCardless differentiates itself with its deep focus on direct bank payments, global reach, and open banking expertise.
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