Latest news with #Paddle
Finextra
18-07-2025
- Business
- Finextra
Paddle raises $25m from CIBC Innovation Banking
Paddle raises $25m, expands executive team, and opens Austin office to accelerate global growth. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Paddle, the leading Merchant of Record for digital product companies globally, today announced it has raised $25M from CIBC Innovation Banking and noted a series of other strategic updates including key executive hires and the opening of a new Austin office. The funding will be used to support Paddle's continued global expansion, accelerate growth, and drive rapid product development to further support its enterprise customers. This follows $293M in previous equity investment from leading firms including FTV Capital, KKR, 83North, and Notion Capital. As a Merchant of Record (MoR), Paddle handles payments, sales tax, refunds, fraud, and compliance for more than 6,000 SaaS, AI and App companies - replacing the need for a complex and fragmented payment technology stack. Paddle helps these businesses scale faster by removing operational roadblocks and accelerating their entry into new markets. The funding comes at a pivotal moment for the company, with Paddle experiencing rapid growth in 2025 thanks to both the growth in new AI products, and the opening up of Apple's app ecosystem to web payments. This builds on the company's 40% year-over-year growth and reflects its accelerating momentum across the digital product space. Led by CEO Jimmy Fitzgerald, formerly on the leadership team at ServiceNow for almost a decade, Paddle also today announced the hiring of a string of experienced leaders to the company, including Rich Mason as CRO International, formerly Head of Enterprise, EMEA at Shopify; Stephen Wilcock as CTO, a multi-time CTO at scaling tech companies in Europe; and Ben Aronsten as CMO, who previously led global marketing at Intercom and served as Director of Marketing, EMEA at Shopify. These senior hires bring extensive expertise to Paddle's 300+ strong team across offices in London, Lisbon, Toronto, New York City, and now Austin, following the opening of the new office. 2025 has also seen Paddle further develop its product offering, including powerful new capabilities through a partnership with Vercel and integration with RevenueCat. These updates make it easier for app developers to monetize on the web and manage subscriptions across platforms. Recent policy changes from Apple in the U.S. and EU have accelerated the shift toward web monetization, drawing greater attention to Paddle's ability to support digital product companies as they explore new revenue opportunities.
Finextra
17-06-2025
- Business
- Finextra
Paddle to pay $5m to settle FTC tech support scam claims
UK Fintech Paddle will pay $5 million to settle US allegations of unfair payment processing practices. 0 The firm will also be permanently banned from processing payments for tech-support telemarketers, says the Federal Trade Commission. The FTC complaint alleged that Paddle processed payments for deceptive tech-support schemes that targeted US consumers, including older adults. The payments processor was accused of abusing the credit-card system and enabling deceptive foreign operators to access it, costing consumers millions of dollars. Christopher Mufarrige, director, FTC Bureau of Consumer Protection, says: 'The FTC will hold accountable payment companies that knowingly facilitate payments for scammers or look the other way when faced with red flags about their clients' conduct.' Separately, MoneyGram will pay a $250,000 fine to settle a New York state lawsuit over claims it violated a federal rule designed to make it easier to send remittances. The settlement comes shortly after the Consumer Financial Protection Bureau withdrew from the civil case amid its ongoing pullback from enforcement activity.
Yahoo
12-06-2025
- Yahoo
Oregon woman arrested after K9 finds her hiding in woods near Kiwanis Park
OREGON, Ill. (WTVO) — A 34-year-old Oregon woman was arrested Wednesday after police used a K9 to root out a 'suspicious subject' hiding in the woods near Kiwanis Park. According to the Ogle County Sheriff's Office, deputies were called in to assist the Oregon Police Department for a search in the woods near the 200 block of N. 2nd Street. The K9 officer located Ashley Paddle hiding nearby. Paddle was wanted by police for an active Ogle County traffic warrant. Paddle was taken to the Ogle County Jail and held without bond. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
TechCrunch
04-06-2025
- Business
- TechCrunch
RevenueCat and Paddle team up to help app developers profit from web payments
Payments and subscription infrastructure providers Paddle and RevenueCat have teamed up to launch an alternative to Apple's in-app purchases in the wake of a U.S. App Store policy change that now allows app developers to process their own payments. The companies on Tuesday announced a new integration that allows users to make purchases from developers' apps, whether on web or mobile devices. Paddle manages the web-specific payments, along with associated tax and compliance complexities. Meanwhile, thanks to RevenueCat, developers have access to their subscription data and performance across both web and mobile platforms. The ability to even offer links for in-app purchases via the web is a new change for iOS applications in the U.S. The decision came down from District Judge Yvonne Gonzalez Rogers as part of the court's ruling in Fortnite maker Epic Games' antitrust lawsuit against Apple. While Apple largely won its case, as the court declared it was not a monopolist, it was also forced to allow developers to link out to web payment options without having to pay Apple a commission. Combined, the new solution from Paddle and RevenueCat offers a way for users to subscribe once on one platform — web or mobile — then automatically access their subscription across all devices. Plus, subscription data is stored in the RevenueCat dashboard, where developers can track real-time analytics across web, iOS, and Android for easy access. Some apps already use services from both providers, like the running app Runna. In that case, the new integration offers a more seamless path to web monetization, the companies explain. 'There's a huge opportunity for subscription apps to grow revenue by expanding to the web — but that shift brings new technical and operational challenges,' said Jimmy Fitzgerald, CEO of Paddle, in a statement shared with TechCrunch. 'By partnering with RevenueCat, we're making it easier for developers to manage subscriptions across platforms, while giving them more control over how and where they monetize.' RevenueCat co-founder and CEO Jacob Eiting, whose service today powers over 70,000 apps, added that Paddle was a great partner on the new effort, which will allow developers to offer web-based payments alongside traditional app stores.
The Verge
04-06-2025
- Business
- The Verge
Payment companies team up to help developers ditch App Store billing
Two transactional companies have teamed up to help app developers monetize their services outside of Apple's App Store. The new integration, launched by in-app payment system provider Paddle and the RevenueCat subscription platform, makes it easier for developers to unify subscriptions across web and mobile instead of building their own solutions from scratch. This launch follows the Epic v. Apple ruling in April that blocks Apple from collecting fees on purchases made outside of its App Store system and restricting in-app links to external payments in the US. That means app developers are less restricted by Apple's commission charges and payment system, but would be faced with independently managing complexities like tax, compliance, and cross-platform support for subscriptions. The RevenueCat and Paddle integration is designed to make these issues easier for developers to navigate. It's supported across iOS, Android, and web, allowing consumers to subscribe on one platform and automatically unlock access across others. RevenueCat provides an analytics dashboard for managing performance insights, while Paddle handles payments, tax, and compliance on the web. 'There's a huge opportunity for subscription apps to grow revenue by expanding to the web — but that shift brings new technical and operational challenges,' Paddle CEO Jimmy Fitzgerald said in the announcement. 'By partnering with RevenueCat, we're making it easier for developers to manage subscriptions across platforms, while giving them more control over how and where they monetize.'
