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Alphabet-backed fintech GoCardless halves losses, targets 2026 for debut profit

1. GoCardless reduced losses by 55% in 2024, aiming for profitability by 2026. 2. The company grew revenue by 41% to £132 million in the same period. 3. Restructuring included a 15% workforce cut, enhancing cost efficiency. 4. GoCardless is exploring acquisitions, indicating growth potential in fintech. 5. Alphabet's GV backs GoCardless, linking its success to potential GOOG dynamics.

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FAQ

Why Bullish?

GoCardless's financial turnaround may positively signal Alphabet's investment strategy.

How important is it?

GoCardless's progress ties to Alphabet's venture funding, impacting overall investor sentiment.

Why Long Term?

Sustained profitability and growth in GoCardless could enhance Alphabet's long-term value.

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