Fintech - Go Cardless raises $90 million making total raise to date $240m

London-based fintech, GoCardless , Has raised a Series F of  $95 million Led By Bain Capital Ventures-making a total raise to date of $240 million  

Since launching in Australia and New Zealand GoCardless has seen significant traction current year-on-year (YOY) growth at 251 per cent. 

Hiroki Takeuchi, chief executive officer, and co-founder, GoCardless, says that this new funding round will enable the introduction of instant first payments to more than 2800 of its Australia And New Zealand Customers.

What Go Cardless does 

Go Cardless is a next-generation global bank debit network  enabling Merchants to make  and receive recurring payments and  instant open banking payments with visibility and speed. 

The platform  helps merchants with their  cash flow and minimizes churn by pulling funds automatically from payers-all at a lower cost than other cards.