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GoCardless Enters Market

Global bank payment company GoCardless has amassed more than 85,000 customers over the course of 13 years. It offers a full suite of bank payment products and features, including ways to collect one-off and recurring payments, anti-fraud solutions, and upfront verification for greater security. Gambling IQ understands it is now entering the iGaming market.



Mr. Siamac Rezaiezadeh, Vice President of Product Marketing & Insights at GoCardless, (pictured below), has witnessed the remarkable GoCardless growth to processing more than $35 billion in payments, fostering relationships with more than 85,000 merchants, and propelling the company to a valuation of approximately $2.1 billion when it raised fresh capital of $312 million in February 2022. He told Gambling IQ: "We've established a solid 13-year legacy in bank payments, particularly within the lending, insurance, and energy sectors - that's our bread and butter," Rezaiezadeh told Gambling IQ. "When assessing the potential of the iGaming sector alongside upcoming global legislative changes, we embarked on a critical self-examination: could we bring significant value to this space? The answer was an unequivocal yes. With our extensive track record and pedigree, wealth of data points, and deep-rooted payment proficiency, we can transform the player and operator experiences within iGaming. The immediacy of instant pay-ins and payouts serves as a linchpin in attracting new users and fostering unwavering customer loyalty. Moreover, our open banking and open finance tech extends beyond convenience; these are also potent tools in cost reduction and combating chargeback fraud".

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