GoCardless seals USD3.3m for online payments

Secured funding

London-based company GoCardless, which offers small businesses the chance to accept online payments without the need for credit cards, has received USD3.3m in a Series A funding round. The investment has been led by existing backers Accel Partners and Passion Capital.

GoCardless, which launched in 2010, offers small traders and businesses an alternative to card transactions, by setting up a direct debit between a business and its clients. The company charges a 1% transaction fee, which, it claims, is cheaper than most credit card transactions. GoCardless says that it will use the money from this investment to help expand the company throughout Europe. 

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