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Hiroki Takeuchi, co -founder and CEO of Gocardless.
Zed Jameson | Bloomberg | Getty images
Financial technology Unicorn Gocardless with more than half of the losses in 2024 and said it aims to achieve the profitability of the whole year by 2026.
The London -based startup, which helps companies collect recurrent payments, such as subscriptions, reported a net loss of £ 35.1 million ($ 43.8 million) throughout the year ending on June 30, 2024.
That was an improvement of 55% of the £ 78 million without Gocard lost the previous year.
The firm pointed out that the “restructuring activity” at the end of the full year that ended in June 2023 contributed to a reduction in operational losses in 2024. In June 2023, Gocardless announced that it was Cut 15% of your global workforce. That reduced to the salary expenses of Gocardless 13% to £ 79.2 million in fiscal year 2024 of the company.
Even so, although this improved the company’s financial panorama, the CEO of Gocardless, Hiroki Takeuchi, told CNBC that the growth of income also helped significantly.
“We are much more focused on the side of the costs … we want to be very efficient as the scale,” Takeuchi said in an interview last week. “But we also need to continue growing. We need both to get where we want to be.”
Gocardless increased revenues by 41% to £ 132 million throughout the year 2024. From that total, £ 91.9 million come from customer income.
Last year he also saw Gocardless register his first month in profits in March 2024. Takeuchi said his goal is for Gocardless to publish his first full -year gain in 12 to 18 months, and added that he is “well on the way.” .
‘There are no plans’ for ipo
In September, Gocardless acquired a company called NUAPAY, which helps companies raise and send payments through bank transfer.
When asked if Gocardless is considering new mergers and acquisitions in the future, Takeuchi said the company is “actively looking for”, adding: “We are seeing many opportunities.”
After his acquisition of Nuapay, Takeuchi said Gocardless is currently testing a new feature that allows customers to distribute funds to their own customers.
“If you take something like energy, the vast majority of payments are about collecting money,” he told CNBC.
“But then you may have some of your customers who have solar panels on your roof and are sending energy to the network, and need to be paid for that energy they are generating.”
Gocardless, backed by the risk arm of Alphabet GV, Accel and Blackrock, was valued privately by investors in $ 2.1 billion in February 2022.
Takeuchi said the company had no need for external capital and that there are no “plans” for an initial public offer in the short term.
Fintechs have been See the Swedish plan of Fintech Klarna to get public closely – But many are waiting to see how you are going to decide on their own plans.
With technological OPIs in historical minimums, several new companies have chosen to provide liquidity to employees and the first shareholders selling actions in the secondary market.
In November, Bloomberg reported That Gocardless had chosen the Lazard Investment Bank to advise it in a sale of secondary shares of $ 200 million. Gocardless declined to comment on the report.
