GoCardless slashes losses by over 50% to £35.1M, targets profitability by 2026.
GoCardless, a London fintech firm, has cut its losses by more than half in the year ending June 2024, posting a net loss of £35.1 million, down from £78 million the previous year. The company achieved this through staff cuts, relocating employees, and boosting revenue by 41% to £132 million. GoCardless aims to be profitable by 2026.
2 months ago
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