Merchant of Record - Paddle Raises $25 Million to Fast Track Growth and International Expansion

Led by a world-class team including Jimmy Fitzgerald(Chief Executive Officer), Rob Fletcher(President), Scott Galit(Board Chair), Andrew Davies(Chief Innovation Officer), Ben Aronsten(Chief Marketing Officer), Rich Mason(Chief Revenue Officer, International), Coline Marchal(Chief People Officer), Stephen Wilcock(Chief Technical Officer), Stuart Bailey(Chief Product Officer), and Talin Bezmen(Chief of Staff), Paddle has raised $25 Million CIBC Innovation Banking. Paddle will use the funding to fuel global expansion, speed up product development, and scale support for enterprise customers. This follows $293 million in prior backing from investors including FTV Capital, KKR, 83North, and Notion Capital.

Paddle, the Merchant of Record for 6,000+ SaaS, AI, and App companies, simplifies payments, tax, and compliance to help businesses scale faster. The latest funding comes amid rapid 2025 growth, fueled by the AI boom and Apple’s shift toward web payments, building on 40% year-over-year growth.

Paddle has expanded its leadership team with senior hires from ServiceNow, Shopify, Intercom, and top European tech firms. CEO Jimmy Fitzgerald is joined by Rich Mason (CRO International), Stephen Wilcock (CTO), and Ben Aronsten (CMO), strengthening the company’s global presence across five offices, including a new hub in Austin.

In 2025, Paddle expanded its product suite with integrations like Vercel and RevenueCat, streamlining web monetization and cross-platform subscription management. Apple’s policy shifts in the U.S. and EU have accelerated this trend, highlighting Paddle’s role in helping digital product companies unlock new revenue streams.