GoCardless sees revenue boost, undertook 2025 restructure

UK fintech GoCardless has reported a year-on-year revenue uplift in 2025, in a year in which it underwent a restructuring and made a provision for redundancies impacting around 90 roles, a new filing shows.

The cuts come as GoCardless, one of the UK's most prominent fintechs, looks to move to profitability.

Financial figures for GoCardless for the year ending June 2025 have been published at Companies House. The figures cover a period before a deal to buy GoCardless by Dutch peer Mollie for €1.1bn was announced in December last year.

GoCardless is a payment platform that lets businesses collect one-off and recurring payments, such as subscriptions and membership fees, via direct debit, rather than credit cards or bank transfers.

Figures show that turnover rose year-on-year from £131.3m to £155.5m, helped by landing new customers and renewals.

London-headquartered GoCardless doubled the volume of payments processed, up to £79.2bn, it said, helped by its acquisition of open banking firm Nuapay.

Losses were reduced from £33.6m to £25.5m in the year, as it focused on “cost control”, it said. GoCardless said it reported its first positive EBITDA (Earnings before Taxes, Depreciation and Amortisation) quarter on an adjusted basis in the final quarter of 2025. It said it expected to achieve its first EBITDA-positive year on an adjusted basis in 2026.

GoCardless also underwent a restructuring in the period, including a provision for redundancies impacting around 90 roles, as it looked to cut costs and support setting up new hubs in London and Lisbon. It said the benefits of the restructure would be realised this year. GoCardless said it was taking a £4.2m financial hit over the provision.

The financial results show that overall headcount was up from 606 to 626 year-on-year at GoCardless. Fraud losses amounted to £2.6m in the period, it said.  

Hiroki Takeuchi, co-founder and CEO, GoCardless, said: “The FY25 results demonstrate strong momentum across our business. Key wins, strategic renewals, and ongoing innovation within our platform fueled our growth and, with disciplined cost control, we’re on track for our first profitable year on an adjusted basis in FY26.

"The Mollie news also reflects our bright future. We’re excited to bring together two highly complementary businesses that have built best-in-class products across Europe and beyond to better serve our customers and raise the bar for the industry."

NOTE-This story has now been updated to show that the restructure took place in 2025, GoCardless says, and there are not planned job cuts, as previously reported.