Lazard to Advise GoCardless on $200 Million Secondary Share Sale

GoCardless has picked Lazard Inc. to advise on a roughly $200 million secondary share sale, as the British fintech firm joins bigger rivals such as Monzo and Revolut in providing investors and early employees liquidity for their stakes.

The share sale by the London-headquartered unlisted upstart has garnered interest from both current and new investors, according to two people familiar with the matter. The transaction is expected to close in the new year, said one of the people, who all asked not to be identified discussing non-public information.