Creating a Global Payment Network with Hiroki Takeuchi (GoCardless)

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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 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.