The GV and Salesforce Ventures-backed recurring payment system developer bumped its valuation up to $970m in a round led by Bain Capital Ventures.

GoCardless, a UK-based payment technology provider backed by enterprise software producer Salesforce and internet technology group Alphabet, closed a $95m series F round yesterday that valued it at $970m, sources told TechCrunch.

The round was led by Bain Capital Ventures, the venture capital arm of private equity firm Bain Capital, and it lifted the company’s overall funding to approximately $218m.

Founded in 2011, GoCardless has built a digital debt network that enables businesses to accept payments in regular instalments. The…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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