Paddle, a London, UK-based firm supporting digital product firms to function and develop, acquired $25M from CIBC Innovation Banking.
The corporate intends to make use of the funds to help its continued international growth, speed up development, and drive speedy product improvement to additional help its enterprise clients.
Led by CEO Jimmy Fitzgerald, Paddle helps over 6,000 digital product firms function and develop, routinely. As a Service provider of Document, it manages the complexity of world funds and currencies, refunds, and gross sales tax compliance on the behalf. It offers perception into income metrics and supply the instruments and skilled recommendation to speed up development.
Paddle additionally introduced the addition of Wealthy Mason as CRO, Worldwide, previously Head of Enterprise, EMEA at Shopify; Stephen Wilcock as CTO, a multi-time CTO at scaling tech firms in Europe; and Ben Aronsten as CMO, who beforehand led international advertising and marketing at Intercom and served as Director of Advertising and marketing, EMEA at Shopify.
This adopted $293M in earlier fairness funding from main companies together with FTV Capital, KKR, 83North, and Notion Capital.
FinSMEs
18/07/2025
