Hiroki Takeuchi, co -founder and CEO of Gocardless.
Zaid Jameson Bloomberg Gety pictures
Financial technology, Unicorn Jokardes, is more than half losses in 2024 and said it aims to reach the entire profitability by 2026.
London -based startup company, which helps companies collect repeated payments such as subscriptions, has informed a net loss of 35.1 million pounds ($ 43.8 million) in the full year ending June 30, 2024.
This was a 55 % improvement of GoCardless, which amounted to 78 million pounds in the previous year.
The company noted that the “restructuring activity” at the end of the full year ended in June 2023 contributed to reducing operating losses in 2024. In June 2023, GoCardless announced it was it Reducing 15 % of the global workforce. This took 13 % to 79.2 million pounds in the fiscal year 2024 of the company.
However, although this improves the financial image of the company, the CEO of GoCardless Hiroki Takeuchi CNBC told the growth of revenue also helped significantly.
“We focus more on the cost side … we want to be very effective while expanding our scope,” Takshi said in an interview last week. “But we also need to continue growth. We need each of these two things to reach where we want to be.”
Gocardless achieved 41 % revenue to 132 million pounds in 2024. of this total, 91.9 million pounds came from customer revenues.
Last year, GoCardless Record witnessed the first month of its profit in March 2024. Takeuchi said about his goal to GoCardless in his first profit in the entire year within 12 to 18 months, adding that he is “good on the right track” to do so.
“There are no plans” for public subscription
In September, GoCardless acquired a company called Nuapay, which helps companies collect and send payments through bank transfer.
When asked whether Gocardless is considering more merging and acquisitions in the future, Takeuchi said that the company “is looking actively,” adding: “We see a lot of opportunities.”
After taking advantage of Nuapay, Takeuchi said that GoCardless currently tests a new feature that allows customers to distribute money to their customers.
“If you take something like energy, the vast majority of payments revolve around the collection of money,” CNBC told CNBC.
“But then you may have some of your customers who have solar panels on their surface and send energy to the network, and they need to get this energy they generate.”
GoCardless, supported by Arture Arm GV, ACCEL and Blackrock, was the last value by investors at $ 2.1 billion in February 2022.
Takeuchi said that the company does not need external capital and that there are “no plans” for a preliminary general offer in the short term.
It was technology Watch the Swedish Fintech Klarana plan for the relationship closely – But many are waiting to find out how things go before making a decision about their plans.
With technology subscriptions to technology at its lowest historical levels, many startups instead chose to provide early employees and shareholders by selling shares in the secondary market.
In November, I mentioned Bloomberg This GoCardless Bank Investment Lazard chose to advise him about selling secondary shares worth $ 200 million. Gocardless refused to comment on the report.
