Creating a Global Payment Network with Hiroki Takeuchi (GoCardless)

GoCardless

• GoCardless is a fintech company that enables businesses to collect recurring payments via direct debit mechanisms.
• Direct debit is a powerful payment method for recurring business models like subscriptions, invoicing, and usage-based models.
• GoCardless has established a global network that connects direct debit systems from over 30 countries, covering 70% of recurring payment volume globally.
• The company has grown significantly, from 100 employees to 400 employees in the past three years.
• GoCardless has raised $75 million in funding and processes billions of dollars in transactions annually.
• GoCardless aims to become the "Visa of direct debits," offering lower fees compared to card payments due to the reduced number of intermediaries involved in direct debit systems.
• The partnership with TransferWise enables GoCardless to offer currency conversion capabilities, allowing businesses to collect payments from anywhere in the world without worrying about currency exchange.

Chargebee

• Chargebee is a fintech company that focuses solely on recurring business models.
• Chargebee believes that by focusing on recurring payments, they can build a unique and best-in-class solution.
• Chargebee has no plans to expand into card payments like Stripe.