GoCardless employees line up for £100m windfall | Business News – Uptrends

GoCardless employees line up for £100m windfall | Business News

 – Uptrends

GoCardless, the digital payments platform, is set to become the third British fintech company in as many months to organize a share sale that will result in a windfall of more than £100m for its employees.

Sky News understands that GoCardless, which was founded in 2011, is in the advanced stages of coordinating a secondary share sale.

Banking sources said that the round could see the trading of up to $200 million in shares.

It is understood that Lazard is overseeing the mandate.

GoCardless, co-founded by Hiroki Takeuchi, its CEO, enables consumer customers to pay online using bank account information instead of a card.

It has a presence in dozens of countries and relationships with a number of major corporate customers, including Brompton, the folding bike manufacturer, and Ovo Energy.

Current investors in the company include Accel, Balderton and Notion Capital.

Both Monzo and Revolut, the digital banking and payments companies, have in the past eight weeks struck deals to sell portions of their employee shares to new or existing investors.

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the The Revolut round was made at a valuation of $45 billionWhile Monzo Its value was estimated at 4.5 billion pounds sterling.

A GoCardless spokeswoman declined to comment.

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