Paddle, a London, UK-based Merchant of Record for digital product companies globally, has raised $25 million in funding.
Investors
The funding was provided by CIBC Innovation Banking, which offers growth capital loans, venture debt, working capital lines, and specialized financial products. The institution manages over $11 billion in funds and supports the life sciences, healthcare, and cleantech sectors. Over the past 6.5 years, it has served more than 700 venture- and private equity-backed companies. CIBC Innovation Banking operates across 15 global locations, including major cities in the U.S., Canada, and the UK.
Paddle Use of Funds
The company will use the funds to support Paddle’s global growth, accelerate product development, and strengthen its leadership and operational presence in key markets.
About Paddle
Paddle is a Merchant of Record (MoR) platform that empowers digital product companies to operate and grow automatically. It simplifies payments, tax compliance, fraud prevention, and global operations. With a strong presence across North America and Europe—and newly opened offices in Austin—Paddle manages payments, sales tax, refunds, fraud prevention, and compliance for over 6,000 SaaS, AI, and app companies.
Funding Details
Company: Paddle.com Market Ltd.
Raised: $25.0M
Round: Debt Financing
Funding Date: July 2025
Investor: CIBC Innovation Banking
Company Website: https://www.paddle.com/
Software Category: Payment Infrastructure / Merchant of Record / Fintech
Source: https://tech.eu/2025/07/17/paddle-raises-25m-to-accelerate-growth-and-international-expansion/