Paddle, a UK-based fintech serving as a Merchant of Record for software and digital commerce businesses, has secured $25 million in funding from CIBC Innovation Banking to accelerate its international growth strategy and product development.
Founded in 2012, Paddle provides payment infrastructure for over 6,000 AI, SaaS, and app businesses worldwide, managing operations including payments processing, sales tax compliance, refunds, subscription management, and invoicing.
The company secured $200 million in a Series D round led by KKR back in 2022 at a valuation of $1.4 billion, and has now raised over $300 million in total funding, with other backers including FTV Capital, Notion Capital, and 83North.
According to Paddle, the funding arrives during a period of significant momentum, with the fintech experiencing 40% year-over-year growth in 2025. This expansion has been driven by “growth in new AI products, and the opening up of Apple’s app ecosystem to web payments”, the company says.
To support its growth trajectory, Paddle has strengthened its C-suite with several strategic appointments: Stephen Wilcock, formerly of Cazoo, joins as chief technology officer, while Shopify veterans Rich Mason and Ben Aronsten have been appointed chief revenue officer and chief marketing officer, respectively. The company has also established a new US office in Austin, Texas, adding to its locations in London, Lisbon, Toronto, and New York.
Source: https://www.fintechfutures.com/
