GoCardless currently serves more than 35,000 businesses every month across Europe and wants to help the more than two million small businesses in Australia.
The payment system aims to improve cash flow and cut time wasted on admin by making it easy to set automatic payment collection dates and automatically reconcile payments from billing platforms.
GoCardless’ chief executive and founder said Australia was an important market for the company.
“We are thrilled to be setting up operations in Australia. It is exciting to be able to offer Australian businesses a better way to take recurring payments and to be joining a thriving and innovative FinTech community,” said Mr Takeuchi.
Mr Takeuchi said GoCardless has already begun processing payments in Australia, but an office would allow it to grow and allow more business to collect subscription payments seamlessly from customers.
GoCardless’ Australia country lead Joseph Robins said feedback from customers had been positive, with many people being able to refocus their energies on growing their business.
“GoCardless’ platform makes it easy to collect Direct Debit payments, giving them certainty about cash flow and taking the stress out of managing their finances,” said Mr Robins.
Mr Robins said that GoCardless plans to expand and triple operations within the year as part of its commitment to the market.