GoCardless Posts First Profitable Quarter on 22% Revenue Growth

Finextra·medium signal

GoCardless, the direct debit and open banking payments platform, has recorded its first-ever quarter of profitability, driven by 22% revenue growth. The milestone is significant for the fintech sector where profitability timelines remain a key investor concern. GoCardless processes payments for over 100,000 businesses globally, and the profit milestone signals maturation of the recurring payments infrastructure market.