Why Acquiring GoCardless is Mollie’s Biggest Win
GoCardless has signalled its intent to dominate the next era of bank payments, reporting a 22% year-on-year revenue increase in its latest Companies House filing.
The Group’s total turnover reached £160.9m (US$216.1m) for the 12 months ending 30 June 2025 – up from £132.3m (US$177.6m) in the previous financial year – as the firm cements its transition from a Direct Debit specialist to an end-to-end payment provider.
The figures highlight a period of aggressive scaling and strategic consolidation. GoCardless, which houses the firm’s UK and European operations, accounted for £155.5m (US$208.9m) of the consolidated turnover, representing an 18% increase.
This growth was underpinned by a doubling of payment volumes, which reached £79.2bn (US$106.4m).
Strategic acquisitions and partnerships
A significant driver behind the surge in volume was the acquisition of Nuapay, which closed in September 2024. The move integrated new capabilities into the GoCardless ecosystem, allowing the fintech to process a wider variety of bank-to-bank transactions.
Client retention and expansion also played a pivotal role. The company secured relationship renewals and expansions with major players including Capital on Tap and Policy Expert.
These partnerships, combined with the launch of Outbound Payments, enabled over 100,000 businesses to manage the full lifecycle of their funds through a single API.
Hiroki Takeuchi, Co-Founder and CEO of GoCardless, notes: “The FY25 results demonstrate strong momentum across our business. Key wins, strategic renewals and ongoing innovation within our platform fuelled our growth and, with disciplined cost control, we’re on track for our first profitable year on an adjusted basis in FY26.”
The path to profitability
While many fintechs have struggled to balance growth with the bottom line, GoCardless has successfully narrowed its losses. The Group reported a 27% decrease in net losses for FY25, following a substantial 55% reduction in FY24.
Efficiency gains led to the company recording its first EBITDA-positive quarter on an adjusted basis in the final quarter of the financial year. Internal projections suggest this trajectory will continue, with the firm expected to achieve its first full EBITDA-positive year on an adjusted basis in FY26.
The momentum has accelerated since the books closed in June 2025. In August, the firm launched Same-Day Settlement+, a tool that uses proprietary machine learning algorithms and transaction data from 38 million accounts to reduce late payment failures by more than 80%.
However, the most significant shift in the company’s history arrived in December 2025 with the announcement that GoCardless had agreed to be acquired by Mollie. The deal creates a fintech powerhouse by merging GoCardless’s bank payment infrastructure with Mollie’s card and hyperlocal payment expertise.
“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,” Hiroki adds.
Engineering the future of Open Banking
Technological innovation remains at the forefront of the firm’s strategy. In February 2026, it introduced the Model Context Protocol to streamline developer integrations via large language models.
This was followed by the announcement of one of the largest Direct Debit migrations in UK history, as Octopus Energy moved 5.5 million accounts and £12bn (US$16.1bn) of payments to the platform.
The focus now shifts to the launch of commercial Variable Recurring Payments (VRPs), often referred to as recurring Pay by Bank.
As Open Banking moves toward the mainstream, GoCardless has designed a solution featuring 100% payer coverage and 99.5% uptime to address industry concerns regarding reliability and reach.
