British payments technology start-up GoCardless has launched its online direct debit service in the US and will open a new office in San Francisco.
The financial technology start-up said the decision to expand its service, which allows businesses to receive direct debit payments online, to America has taken several years of planning and negotiations with regulators.
Pranav Sood, GoCardless’ head of international expansion, likened the firm’s ambitions to global credit card networks.
“For credit cards, there are some pretty well established global networks, Visa and Mastercard, there is no equivalent for direct debit,” Sood said. “That’s what we’re building.”
GoCardless raised $75m (£60m) from…