GoCardless awakens $ 75 million investment backed by Alphabet and Salesforce

The funding round was led by Alphabet's venture arm GV and private equity firm Adams Street Partners Existing Investors Accel, Balderton Capital, Notion Capital and Passion Capital also contributed.

London-based GoCardless processes direct payments on behalf of

"We focus on what we think of as the repayment payment market ̵[ads1]1; subscriptions, billing, repayments – and each of these markets is super-broken," Hiroki Takeuchi, co-founder and CEO of GoCardless, told CNBC in an interview.

"Overall, we believe that such repayments make up about 18 percent of the total payment volume globally. So that's pretty much all of the payments going on around the world. "

The company's customers include newspapers such as The Guardian and the Financial Times, as well as technical companies such as Box and Sage. Payments for more than 40,000 merchants, which handle more than $ 10 billion worth of transactions each year.

GoCardless was created in 2011 by Takeuchi and co-workers Tom Blomfield and Matt Robinson, Blomfield continued to create mobile banking Monzo, while Robinson left to launch digital real estate broker Nested.