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Paddle

Merchant of Record platform for SaaS, AI, app, and digital-product companies.
Fintech 📍 London, UK Founded 2012
Current Valuation
$1.4B
as of 2022-05
UNICORN
Paddle is a London-founded Merchant of Record platform for digital product companies. It handles payments, currencies, sales tax, refunds, fraud, and compliance for 6,000+ SaaS, AI, and app businesses. Paddle raised a $200M Series D led by KKR at a $1.4B valuation in May 2022, acquired ProfitWell later that month, and added $25M of CIBC Innovation Banking financing in July 2025 to support global expansion and product growth.

Company Profile

CEO
Jimmy Fitzgerald
Founded
2012
HQ
London, UK
Employees
300+
Total Raised
$318M
Growth
40% YoY
Last Round
Growth financing — $25M (Jul 2025) · Lead: CIBC Innovation Banking
IPO Status
private

Fundraising Status

Growth financing · $25M · 11 mo ago
privateTotal raised $318M2 disclosed rounds

Growth & Valuation

Capital raised per round
Capital raised per funding round$200MSeries D$25MGrowth financing
Charts built from publicly disclosed funding rounds and revenue estimates. Approximate, not real-time, not investment advice.

Funding History

RoundAmountDateLead InvestorPost-Money
Growth financing$25MJul 2025CIBC Innovation Banking—
Series D$200MMay 2022KKR$1.4B

Founders & Key People

Christian OwensHarrison Rose

Investors

KKR · FTV Capital · 83North · Notion Capital · Kindred Capital · CIBC Innovation Banking

Products

  • Merchant of Record
  • Paddle Payments
  • Paddle Billing
  • Sales tax and VAT compliance
  • Fraud and refund management
  • ProfitWell Metrics
  • Retain

Competitors

Stripe · FastSpring · Chargebee · Recurly · Zuora · Adyen · Checkout.com
FintechPaymentsMerchant of RecordSaaSSubscription BillingTax Compliance
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-05. Refreshed quarterly.