By: 25 March 2024

GoCardless helps businesses to collect both recurring and one-off payments.

GoCardless to acquire payment platform Nuapay

Bank payment company GoCardless has agreed to acquire Sentenial, the payment services subsidiary of EML Payments, which operates globally under the Nuapay brand.  

By incorporating Nuapay’s offering into its platform, GoCardless will fast-track the rollout of new disbursement capabilities to its customers and prospects.  

This will enable the fintech to unlock new vertical sectors and use cases including payroll, financial services, utilities, insurance, gaming and gambling.  

GoCardless helps businesses to collect both recurring and one-off payments. It processes more than $35bn of payments across 30 countries each year. 

Hiroki Takeuchi, co-founder and chief executive officer of GoCardless, said: “Nuapay is an established account-to-account payment provider and open banking specialist with a blue chip customer base. Its business is perfectly aligned to our growth strategy, and will accelerate our vision to become the world’s bank payment network.” 

The latest announcement is a step towards profitability for the UK-based fintech. Over the past 12 months, it announced the launch of GoCardless Embed, its white-label product to PSPs to acquire customers at scale. It also announced new and renewed customer and partner signings, including JustGiving and Xero.  

Brian Hanrahan, co-founder and chief executive officer of Nuapay, said: “How the world pays and gets paid is being transformed, with account-to-account payments and open banking playing the central role in that shift.  

“Building on that shared vision, this acquisition will result in a combined organisation with deep domestic and international payments and open banking expertise plus the scale to harness these opportunities for our clients and partners.” 

Image: GoCardless

Josh Poyser
Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.