Paddle raised $25 million in debt financing to help international growth, product improvement, and govt 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 powerful 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 File (MoR) to deal with funds, gross sales tax, refunds, fraud, and compliance for its purchasers. The UK-based firm’s cost infrastructure replaces SaaS corporations’ complicated cost stacks by managing international funds, currencies, refunds, and gross sales tax compliance for six,000 SaaS, AI, and app corporations.
Together with at the moment’s funding, Paddle additionally introduced key govt 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 be opening a brand new workplace in Austin, including to the corporate’s current places of work in London, Lisbon, Toronto, and New York Metropolis.
“In an ever-connected world, it’s vital that digital product corporations can obtain cost from clients in any location with out the effort of navigating a number of cost processes in several 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 internet funds. The corporate has additionally just lately unveiled new capabilities by means of 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 thus far 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 improve within the variety of client app companies selecting Paddle to handle their internet monetization, and can proceed to take a position on this house with the brand new financing and strengthened management. We look ahead to constructing on these achievements by means of the remainder of the 12 months and past as we proceed to serve 1000’s of digital product corporations worldwide.”
Paddle’s development and recent funding is a sign that SaaS and digital product corporations are taking a brand new strategy to international funds. As Gen AI and mobile-first implementation speed up, corporations want versatile infrastructure that handles compliance, tax, and localization with out including complexity. Paddle’s MoR strategy is rising as an alternative choice to fragmented cost stacks, particularly as rules tighten. Finally, at the moment’s funding spherical and govt growth present how Paddle is positioning itself not simply as a cost supplier, however as a strategic participant in SaaS funds.
Photograph by Andre Furtado
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