Paddle raised $25 million in debt financing to help international growth, product improvement, and government development.
The funds, which come from CIBC Innovation Banking, convey Paddle’s whole funding to $318 million.
Together with the funding announcement, Paddle additionally unveiled new hires and plans to open an workplace in Austin.
Funds infrastructure firm Paddle introduced this week it has raised $25 million in debt financing from CIBC Innovation Banking and others. The funding, which follows a $293 million spherical in 2022 from FTV Capital, KKR, 83North, and Notion Capital, brings Paddle’s whole funding to greater than $318 million.
“We’re delighted to fund Paddle because it continues on a formidable development trajectory,” stated CIBC Innovation Banking UK & Europe Managing Director Sean Duffy.
Paddle plans to make use of the funding to help international growth, speed up development, and promote product improvement.
Paddle was based in 2012 as a Service provider of Document (MoR) to deal with funds, gross sales tax, refunds, fraud, and compliance for its shoppers. The UK-based firm’s fee infrastructure replaces SaaS firms’ complicated fee stacks by managing international funds, currencies, refunds, and gross sales tax compliance for six,000 SaaS, AI, and app firms.
Together with immediately’s funding, Paddle additionally introduced key government hires. The corporate is including to its 300+ workers with the appointments of Wealthy Mason as CRO Worldwide, Stephen Wilcock as CTO, and Ben Aronsten as CMO. Paddle can also be opening a brand new workplace in Austin, including to the corporate’s current workplaces in London, Lisbon, Toronto, and New York Metropolis.
“In an ever-connected world, it’s vital that digital product firms can obtain fee from prospects in any location with out the trouble of navigating a number of fee processes in numerous geographies. We’re excited to help Paddle because it continues increasing its international footprint,” Duffy added.
Paddle has seen speedy development in 2025, which it attributes to development in new AI merchandise and Apple opening its app ecosystem to net funds. The corporate has additionally just lately unveiled new capabilities by a partnership with Vercel and integration with RevenueCat. Beforehand, the corporate has skilled 40% year-over-year development and these elements will construct on that.
“We’re extremely excited concerning the momentum Paddle has skilled up to now in 2025,” stated Paddle CEO Jimmy Fitzgerald. “We solely win when these we serve win, and the expansion we’re seeing throughout the market displays that shared success. We’re seeing an enormous enhance within the variety of shopper app companies selecting Paddle to handle their net monetization, and can proceed to speculate on this house with the brand new financing and strengthened management. We stay up for constructing on these achievements by the remainder of the 12 months and past as we proceed to serve hundreds of digital product firms worldwide.”
Paddle’s development and recent funding is a sign that SaaS and digital product firms are taking a brand new method to international funds. As Gen AI and mobile-first implementation speed up, firms want versatile infrastructure that handles compliance, tax, and localization with out including complexity. Paddle’s MoR method is rising as an alternative choice to fragmented fee stacks, particularly as rules tighten. Finally, immediately’s funding spherical and government growth present how Paddle is positioning itself not simply as a fee supplier, however as a strategic participant in SaaS funds.
Photograph by Andre Furtado
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