Hiroki Takeuchi, co -founder and executive director of Gocardles.
Zed Jameson | Bloomberg | Getty Images
Unicorn Gocardless financial technology more than halved losses in 2024 and said he aims to achieve year -round profitability by 2026.
In London based in London, which helps companies to collect recurrent payments such as subscriptions, reported a net loss of £ 35.1 million (43.8 million USD) throughout the year that ended on June 30, 2024.
That was 55% of improvements compared to £ 78 million, Gocardless lost a year earlier.
The company noted that “restructuring activity” at the end of the year that ended in June 2023. It contributed to a decrease in losses from operational work 2024. In June 2023. Gocardless announced that it was reduction of 15% of its global labor. Because of this, the salary costs for Gocardless reduced the £ 13% to £ 79.2 million in the Fiscal Year of Companies 2024.
However, although this improved the financial picture of the company, executive director Gocardless, Hiroki Takeuchi told CNBC that revenue growth also helped significantly.
“We are much more focused on the cost of costs … We want to be very effective as we scale,” Takeuchi said in an interview last week. “But we also have to continue to grow. We need both things to get to where we want to be.”
Gocardless increased revenue by £ 41% to £ 132 million in the entire 2024, of which £ 91.9 million dates from customers’ revenue.
Last year, Gocardless also recorded his first month of earnings in March 2024. Takeuchi said his goal was to publish Gocardless his first year -round profit for 12 to 18 months, adding that it was “good on the track” to do so.
‘No plans’ for iPo
Back in September, Gocardless acquired a company called Nuapay, which helps companies collect and send payments via bank transfer.
Asked if Gocardless was considering further merging and acquisitions in the future, Takeuchi said that the company “actively watching”, adding: “We see that there is a lot of opportunities.”
After acquiring Nuapaya, Takeuchi said Gocardless is currently testing a new feature that allows clients distributing funds to their own customers.
“If you take something like energy, the vast majority of payments are about raising money,” he told CNBC.
“But maybe you have some of your customers who have solar panels on the roof and send energy back into the net, and they need to get a salary for that energy they generate.”
Gocardless, supported by Venture ARM GV, Accel and Blackkck alphabet, investors were in February 2022 in February 2022, and the last private estimated estimated $ 2.1 billion.
Takeuchi said that the company does not need external capital and that there are no “plans” for the initial public offer in the short term.
Fintechs were Watching the Swedish Fintech Klarna plan to carefully report the public – But many are waiting to see how it goes before they decide on their own plans.
With the technological iPo in historical lowest series, several startups have decided to provide employees and early shareholders by selling stake in the secondary market.
In November, Bloomberg reported This Gocardless has selected the Lazard investment bank to advise her on the sale of secondary stakes of $ 200 million. Gocardless refused to comment on the report.
