GoCardless, the London-based payments fintech, is considering further acquisitions in the open banking sector as it rebounds from a challenging 2023 and looks to achieve profitability by 2025. With a valuation of $2.1 billion in 2022, GoCardless is eyeing the consolidation trend among fintechs as a way to strengthen its position as “the world’s bank payment network.” Despite the headwinds of interest rate hikes and higher funding costs, GoCardless remains open to acquisitions while prioritizing disciplined and strategic growth to ensure long-term success.
GoCardless: Fintech ‘Open-minded’ on Further Acquisitions as it Eyes Profitability in 2025
