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January 28, 2014 04:05 pm GMT

YC Alum GoCardless Raises Another $7M, Aims To Be The Stripe Of Direct Debit Payments

Forex_Money_for_Exchange_in_Currency_Bank___Flickr_-_Photo_Sharing_GoCardless, a Y-Combinator alum that has created a simple way for online businesses to set up and accept direct debit payments (that is, money that comes straight out of your bank account), is today announcing a $7 million Series B round that co-founder and CEO Hiroki Takeuchi says will be used to add more talent and to take on banks by targeting bigger enterprises. The funding comes as GoCardless is seeing rapid growth: launching in 2012, in 2013 it processed $200m of transactions and grew by 700%.

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