GoCardless reportedly set to become the latest UK fintech to conduct a secondary share sale
UK-based fintech GoCardless is reportedly in the advanced stages of arranging a secondary share sale for its employees, according to Sky News.
GoCardless is reportedly in the process of organising a secondary share sale
Sky News reports that sources say that as much as $200 million in stock could be exchanged in the round.
Fellow UK fintech giants Revolut and Monzo have both conducted secondary share sales in recent months.
In August, Revolut became Europe’s most valuable private tech company following a $500 million employee share sale, valuing the firm at $45 billion. Shortly after, challenger bank Monzo reached a $5.9 billion valuation through its own secondary share sale earlier this month.
Founded in 2011 and headquartered in London, GoCardless facilitates online payments through bank account data rather than credit or debit cards, with a customer base of more than 100,000 businesses worldwide.
Earlier this year in March, GoCardless reached an agreement with EML Payments to acquire Nuapay, an A2A platform that enables instant payments, in a bid to extend its platform’s reach to a wider customer base, including payment service providers (PSPs) and independent software vendors (ISVs).
