Published: October 8, 2025 at 8:43 am
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.