Google and Salesforce inject £58.1m into London’s Gocardless

Gocardless, a fintech firm, has successfully raised £58.1m in Series E funding. The round was led by new investors Adam Street Partners and the venture capital arms of Google and Salesforce.

The core focus of the company is improving the way businesses collect invoices and make recurring payments by building debit technology on top of existing banking systems. 

According to Gocardless, it processes around $10bn worth of payments each year, and has seen a 500% revenue uplift from customers outside of the UK since 2017.

The London-based startup will use the funding to expand into new countries, and is considering opening offices in Spain and the US later this year. 

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