GoCardless reported a net loss of £35.1 million in the full year ending June 2024, down 55% year-over-year.

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Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026

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Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty Images 
Financial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026. The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million) in the full year ending June 30, 2024. That was a 55% improvement from …

World ABC News

Fintech GoCardless halves loss, targets full-year profit by 2026

Bank payments firm GoCardless says it lowered losses following a 20% reduction in staff. Now, the company — which also shifted some workers to Eastern Europe — is hoping these moves will stabilize its financial situation, Bloomberg News reported Monday (Feb. 3). According to the report, U.K.-based GoCardless posted a pretax loss of 35 million pounds ($43.8 million) for the 12 months through June of last year, compared to a loss of 78 million pou…

PYMNTS.com

GoCardless Reduces Losses After 20% Job Cuts

Job cuts at GoCardless are helping the bank payment company on its path to profitability. London-based GoCardless saw net losses shrink by 55% from £78m to £35.1m in FY24, with revenues climbing 38% to £126.8m. It hopes to be profitable by the middle of 2026. The accounts, published on Companies House and covering 1st July 2023 to 30th June 2024, show that the firm has reduced its staff headcount from 764 to just over 600. As well as cutting aro…

BusinessCloud.co.uk

GoCardless eyes profitability after cutting fifth of workforce

Hiroki Takeuchi, co-founder and CEO of Gocardless. Zed Jameson | Bloomberg | Getty images Financial technology Unicorn Gocardless more than halved losses in 2024 and said that by 2026 it wants to reach the profitability of the entire year. The London -based Startup, which helps companies to collect recurring payments such as subscriptions, reported a […]

Daily Expert News

Losing alphabet-stunned fintech gocardless halves, goals 2026 for debut win

GoCardless, a fintech company known for its direct debit payment solutions, is making strides toward profitability with a robust strategy aimed at halving its losses this year and achieving full profitability by 2026. The company’s CEO, Hiroki Takeuchi, announced this ambitious goal, emphasizing the importance of strategic investments and operational efficiency. Founded in 2011, GoCardless has rapidly grown in the fintech sector, primarily due t…

pressreach.com

GoCardless Aims for Profit by 2026 - PressReach

GoCardless has axed 20% of its staff in a bid to cut costs as it eyes full-year profitability. The London fintech has reduced its staff headcount from 764 to just over 600 since 2023, according to accounts filed by Companies House, as it vowed to hit profitability “within the next two years”, i.e. by June 2026. The firm said the cuts, combined with a transfer of a number of back-office roles to an overseas subsidiary, would lead to a reduction o…

UKTN (UK Tech News)

GoCardless cuts 20% of staff as it eyes full-year profitability

Hiroki Takeuchi, co-founder and CEO of GoCardless.Zed Jameson | Bloomberg | Getty Images Financial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026. The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million) in the full year ending June 30, 2024. That was a 55% improvement from th…

Alphabet-backed fintech GoCardless halves losses, targets first annual profit in 2026

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