Gocardless has raised $95mn in its Series F funding round.
In Brief:
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Gocardless was founded for businesses to enable customers set up recurring bank payments.
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The round was led by Bain Capital Ventures.
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Total raised to date is now $240mn.
What does this mean?
As to whether the company is now a unicorn, there have been slightly varying reports on this but its valuation seems to stand at just less than $1bn right now. The round follows significant year-on-year growth and Gocardless says it will use the fresh funds to invest in open banking solutions.
