London-headquartered FinTech GoCardless has reached profitability for the first time, 14 years after it was founded.
The bank payment company recorded its first EBITDA-positive quarter on an adjusted basis, operating in the green in the final three months of FY25 (April to June 2025).
The milestone follows a strong financial year, when the business reported a 38% rise in revenue to £127 million and cut losses by 55% to £35m.
Since then, it has achieved a series of milestones designed to strengthen its market position and accelerate growth.
Among them are the completion of its acquisition of Nuapay, the expansion of its indirect channel proposition and the launch of its first disbursements capability in June.
It also announced plans to open a new Northern hub in Leeds, which was praised by Chancellor Rachel Reeves and West Yorkshire Mayor Tracy Brabin.
The new Leeds hub is expected to create around 50 roles in its first year across sales, partnerships, corporate services and operations, with further growth planned.
“Reaching profitability is a huge achievement for the business and a clear signal of confidence for our customers, partners and team,” said Hiroki Takeuchi, co-founder and CEO at GoCardless.
“It reflects the discipline, focus and strategic scaling we’ve delivered over the past 18 months.
“Now, we’re focused on turning this momentum into a full year of profitability and continuing to achieve our ambitious growth goals.”
The company is now processing more than $130 billion in payments each year across over 30 countries, helping 100,000 businesses collect and send payments through direct debit, real-time payments and open banking.
As well as its UK HQ, it also operates offices in Australia, France, Ireland, Latvia and the US.