GoCardless, the digital payments platform, will become the third UK fintech in as many months to stage a share sale that will generate windfall profits of more than £100m for its employees.
Sky News understands that GoCardless, which was founded in 2011, is in the advanced stages of coordinating a secondary share sale.
Banking sources said the round could result in $200 million in shares changing hands.
Lazard is supposed to monitor the mandate.
GoCardless, which was co-founded by Hiroki Takeuchi, its CEO, allows customers of customers to pay online using bank account information instead of a card.
It has a presence in dozens of countries and links with a large number of blue-chip corporate clients, including Brompton, the folding bike maker, and Ovo Energy.
Existing investors in the company include Accel, Balderton and Notion Capital.
Both Monzo and Revolut, the digital banking and payments companies, have in the past eight weeks struck deals to sell portions of their employees’ stakes to new or existing investors.
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The The Revolut round was taken at $45 billionwhile Monzo’s valued it at £4.5bn.
A spokeswoman for GoCardless declined to comment.
