GoCardless opens San Francisco office as US expansion begins

Payments startup GoCardless has announced its expansion to the US, a move that comes seven months after the business raised $75m to drive global expansion.

GoCardless is opening an office in San Francisco to support its US efforts, led by newly promoted North America general manager Andrew Gilboy (previously chief revenue officer).

“The addition of US payments means that GoCardless users are now able to take payments from more than 30 countries around the world, enabling businesses to provide their customers with a consistent and best-in-class payment experience across multiple markets,” GoCardless wrote on its blog.

In the US GoCardless will support companies on the ACH (Automated Clearing House) network, which works similarly to direct debit payments in the UK.

“By using the ACH debit network on the GoCardless platform, merchants can pull payments directly from their customers’ bank accounts, at a lower cost than credit cards and without the overhead and burden of cash and cheques,” the company said.

Read more:GoCardless lands $75m cash call for global roll out

GoCardless now counts more than 45,000 business customers worldwide who transact via its platform, processing $10bn of payments each year.

GoCardless is the latest in a long line of European fintech startups to announce US expansion, following on from Raisin, N26, Monzo, Revolut and OakNorth.