Hiroki Takeuchi, co -founder and general director of Gocardless.
Zed Jameson Bloomberg Getty images
Endless financial technology over half of the losses in 2024 and found that it aims to achieve year -round profitability by 2026.
The London startup, which helps companies collect repetitive payments, such as subscriptions, recorded a net loss of 35.1 million GBP (USD 43.8 million) in full year ending on June 30, 2024.
It was a 55% improvement compared to 78 million pounds without the year in which he lost a year earlier.
The company noticed that “restructuring activities” at the end of the whole year ending in June 2023. It contributed to the reduction of operational losses in 2024. In June 2023, Gocardless announced that it was so reduction of 15% of the global workforce. This reduced the costs of Gocardless’s salary by 13% to 79.2 million pounds in 2024 tax.
Despite this, although this improved the company’s financial image, the general director of Gocardless Hiroki Takeuchi told CNBC that the increase in revenues also helped.
“We are much more focused on the cost page … We want to be very efficient when we scale,” said Takeuchi in an interview last week. “But we also have to grow. We need both of these things to reach the place where we want to be. “
Gocardless increased revenues by 41% to 132 million pounds in total 2024., in total, 91.9 million pounds came from customer revenues.
Last year, Gocardless also recorded his first month of profit in March 2024. Takeuchi said that his goal is Backard to publish his first annual profit from 12 to 18 months, adding that it is “good on the track” to do it .
“Lack of plans” IPO
In September, Gocardless purchased a company called Naapay, which helps companies collect and send payments via a bank transfer.
Asked if Gocardless is considering further mergers and acquisitions in the future, Takeuchi said that the company “looks actively”, adding: “We see many possibilities.”
After taking over Naapay, Takeuchi said that Gocardless is currently testing a new function that allows clients to distribute funds to their clients.
“If you take a kind of energy, the vast majority of payments are to collect money,” said CNBC.
“But then you can have some customers who have solar panels on the roof and send energy back to the network and have to earn for the energy they generate.”
Gocardless, supported by Venture ARM GV, ACCEL and Blackrock Alphabet, has recently been valued privately by investors at $ 2.1 billion in February 2022.
Takeuchi said that the company does not need external capital and that in the near future there are no “plans” for the first public offer.
Fintechs were Watching the Swedish Plan Finech Klarary to make it careful carefully – But many are waiting to see how it goes before making a decision about their own plans.
Thanks to IPO technology in Historic Lows, several startups decided to ensure liquidity to employees and early shareholders, selling shares on the secondary market.
In November, Bloomberg reported The fact that Gocardless chose Lazard Bank Investment Bank to inform him about the secondary sales of shares of $ 200 million. Gocardless refused to comment on the report.
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