‘GoCardless Expands into Banking Fintech with Nuapay Acquisition’

GoCardless has made a strategic move in its journey towards becoming a full-service bank payments provider by acquiring Nuapay. This acquisition will not only expand its offerings but also accelerate the rollout of new disbursement capabilities to its customers and prospects. The move is expected to open up opportunities in various vertical sectors such as payroll, financial services, utilities, insurance, and gaming.

Hiroki Takeuchi, Co-founder, and CEO of GoCardless, expressed his excitement about the acquisition, stating that Nuapay’s expertise in account-to-account payments and open banking, along with its solid customer base, align perfectly with GoCardless’ growth strategy. He believes that this acquisition will propel them towards their goal of creating the world’s bank payment network.

Building on the vision of transforming the way payments are made and received, Brian Hanrahan, Co-founder, and CEO of Nuapay, emphasized the significance of account-to-account payments and open banking in this transformation. He sees the combined organization as having the expertise and scale to capitalize on the opportunities presented by these developments for clients and partners.

In addition to this acquisition, GoCardless recently launched GoCardless Embed, a white-label product aimed at helping PSPs attract customers on a larger scale. The company has also secured new partnerships with online fundraiser JustGiving and cloud-based accounting software provider Xero.

This strategic move by GoCardless underscores its commitment to offering a comprehensive range of bank payment services while enhancing payment completion rates and minimizing fraud risks for its customers. With its continued focus on innovation and strategic partnerships, GoCardless is poised to strengthen its position in the rapidly evolving payments landscape.