💳 Payments & Transfers

GoCardless Hits First Profit: 22% Revenue Jump [UK Fintech Milestone]

GoCardless just turned a profit—for the first time ever. In a fintech world drowning in red ink, that's no small feat, but let's not pop the champagne yet.

GoCardless logo with upward revenue graph on London fintech skyline background

⚡ Key Takeaways

  • GoCardless achieves first profitable quarter with 22% revenue growth, signaling maturity in UK fintech. 𝕏
  • Shift from expansion to efficiency bucks industry burn-rate trend. 𝕏
  • Positioned for sustained success via open banking and direct debit focus, but economic risks persist. 𝕏
Priya Patel
Written by

Priya Patel

Markets reporter covering banking, lending, and the collision between traditional finance and fintech.

Worth sharing?

Get the best Finance stories of the week in your inbox — no noise, no spam.

Originally reported by Crowdfund Insider

Stay in the loop

The week's most important stories from Fintech Pulse, delivered once a week.