Changing Industries

GoCardless

Hiroki Takeuchi, Tom Blomfield, Matt Robinson


Facts

Founded:
2011
HQ:
338-342 Goswell Road, London EC1V 7LQ

Founded by three Oxford graduates, GoCardless makes it easy for individuals and businesses to collect recurring payments – such as for subscriptions or memberships – via Direct Debit using an online platform. It does this with a transaction fee that’s lower than those offered by major credit cards, where vendors typically have to absorb a cost of 2% of the transaction. In the last year the company has hit the milestone of processing more than £1 billion in transactions. It has also doubled its active merchant base to 12,000 businesses and expanded to France and Germany, with plans to enter Sweden in 2016.

Click photo to launch slideshow

Photographer: Ben McMahon | Words: Olivia Solon | Editor: Nate Lanxon