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Paddle

paddle.com

Founded Year

2012

Stage

Debt | Alive

Total Raised

$292.76M

Valuation

$0000 

Last Raised

$200M | 7 mos ago

About Paddle

Paddle provides a SaaS-based checkout, e-commerce, marketing, and analytics platform which enables developers to sell software and manage time-consuming operations such as acquiring customers, managing "free trial" periods, recurring billing, handling customer support, international sales taxes, and more. It was founded in 2012 and is based in London, England.

Headquarters Location

70 Wilson St

London, England, EC2A 2DB,

United Kingdom

+44 8081781535

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Expert Collections containing Paddle

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Paddle is included in 4 Expert Collections, including E-Commerce.

E

E-Commerce

9,879 items

U

Unicorns- Billion Dollar Startups

1,201 items

P

Payments

2,460 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

4,872 items

Track and capture company information and workflow.

Paddle Patents

Paddle has filed 1 patent.

The 3 most popular patent topics include:

  • Bicameral legislatures
  • National legislatures
  • Fire
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/15/2019

9/21/2021

National legislatures, Bicameral legislatures, Javanese script, Pumps, Fire

Grant

Application Date

5/15/2019

Grant Date

9/21/2021

Title

Related Topics

National legislatures, Bicameral legislatures, Javanese script, Pumps, Fire

Status

Grant

Latest Paddle News

Paddle acquires ProfitWell to automate payments infrastructure for SaaS companies

Oct 6, 2022

News provided by Share this article Share this article Over 30,000 companies including Canva, Autodesk, Masterclass, and Notion use Boston-based ProfitWell's free subscription financial metrics and automatically optimize their pricing and reduce their cancellations using ProfitWell's other products All ProfitWell employees across the US and Argentina will join Paddle, with CEO Patrick Campbell joining the board and becoming Paddle's new Chief Strategy Officer The deal was valued at over $200m in cash and equity and is Paddle's first acquisition following its recent $200m Series D fundraise in April, which valued the firm at $1.4bn LONDON, May 25, 2022 /PRNewswire/ --  Paddle , the complete payments infrastructure for SaaS companies, today announces it has acquired ProfitWell , the leading provider of subscription metrics and retention automation software. The deal - valued at over $200m in cash and equity - is the next step in Paddle's mission to remove the barriers to growth for SaaS companies around the world. CEO and co-founder of Paddle, Christian Owens and CEO founder of ProfitWell, Patrick Campbell By integrating ProfitWell's industry-renowned free financial metrics, as well as its pricing and retention software, subscription businesses will now be able to plug into Paddle and have their taxes, payments, billing, reporting, retention, and pricing all done for them. Together, the combined business will use this "do it for you" approach to capitalize on the new wave of software that focuses on taking care of the problem instead of providing the tools to solve it, allowing subscription businesses the bandwidth to focus on what's important - their product, team, and customer. ProfitWell is a Boston-headquartered subscription revenue automation company, founded in 2012 by Patrick Campbell. Over 30,000 businesses in more than 100 countries, including Canva, Autodesk, Masterclass, and Notion, use ProfitWell's suite of tools to analyse their subscription business before automating their pricing and retention efforts to support growth. ProfitWell's Metrics product is the number one real-time subscription reporting product on the market, Retain is the industry-leading automatic churn reduction tool, and Price Intelligently is synonymous with optimizing SaaS and subscription pricing. With both companies committed to the "do it for you" philosophy when it comes to the billing stack for SaaS businesses, the acquisition will seamlessly bring world-class subscriptions intelligence to Paddle's customers for free, and further solidify the firm's foothold in the US following the recent opening of its New York office. The acquisition will be funded via Paddle's recent Series D fundraise, and will see ProfitWell continue to operate under its existing brand for the foreseeable future as the two companies work to integrate their respective products throughout 2022. All employees and offices across Boston, Salt Lake City, and Rosario will be retained, and a number of senior executives will join Paddle's leadership team; Patrick Campbell, CEO of ProfitWell, will become Paddle's Chief Strategy Officer; CPO Facundo Chamut will become Chief Product Officer; and Chief Revenue Officer Peter Zotto will join the commercial leadership team at Paddle while continuing in his role for ProfitWell. Paddle's complete payments infrastructure for SaaS - which integrates checkout, payment, subscription management, and financial compliance processes - is used by over 3,000 software companies including BlueJeans by Verizon, MacPaw, Framer and TailwindLabs. Paddle's acquisition of ProfitWell follows a milestone year in 2021, which saw the company more than double its revenue growth, scale its team from 140 to 275, make senior hires including a new CMO , and announce the world's first alternative In-App Purchasing (IAP) system for iOS developers. It also follows Paddle's $200m Series D funding round in April of 2022, which valued the startup at $1.4bn. Christian Owens, CEO and co-founder of Paddle, said: "Paddle and ProfitWell share a common goal: maximising our software customers' revenue by taking care of the operational and financial obstacles that cost unnecessary time and manpower. Both companies aim to 'do it for you', rather than just help you solve it. "That's why we're thrilled to announce we're acquiring ProfitWell. Having created the number one subscription metrics product in the market, and cemented its reputation as a renowned authority on revenue growth in the $400bn SaaS industry, ProfitWell will add considerable value to our offering. We couldn't be more excited to have Patrick and the team on board helping us achieve our mission of running and growing SaaS businesses automatically." Patrick Campbell, CEO founder of ProfitWell, added: "At ProfitWell, we're committed to supercharging revenue growth for some of the most exciting, forward-thinking businesses on the planet - and by joining forces with Paddle we see an opportunity to do even more. Paddle shares our mission to help thousands of software businesses avoid the operational hurdles that stand in the way of growth by taking these problems on completely ourselves. Those shared objectives, combined with the natural cultural fit between our two companies, meant adding our subscription metrics and retention tools to the offering just made perfect sense. We're delighted to have the opportunity to bring our teams together to build a truly holistic, powerful payments infrastructure at the heart of the SaaS market." About Paddle: Paddle, the payments infrastructure provider for B2B SaaS companies powers hyper-scale growth across acquisition, renewals and expansion. With Paddle, companies are finally able to transform their payments infrastructure into a strategic growth lever to respond faster and more precisely to every growth opportunity. Paddle has 275 employees serving over 3,000 software sellers in 245 countries and territories globally. Backed by investors including KKR, FTV Capital, Kindred, Notion, and 83North, Paddle aims to define the next wave of B2B SaaS leaders. Visit www.paddle.com or www.twitter.com/PaddleHQ for more information. About ProfitWell: ProfitWell helps subscription companies with revenue automation by providing turnkey tools that automatically reduce cancellations and optimize their monetization. ProfitWell's free subscription financial reporting is also the leader in the industry, serving over 30,000 B2B and B2C subscription companies, including Autodesk, Canva, Masterclass, and Asics. ProfitWell has 90 employees across offices in Boston, Salt Lake City, and Rosario. They're also completely customer funded, meaning they haven't raised any money from investors or financial institutions. Visit https://www.profitwell.com/ for more information.

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Paddle Frequently Asked Questions (FAQ)

  • When was Paddle founded?

    Paddle was founded in 2012.

  • Where is Paddle's headquarters?

    Paddle's headquarters is located at 70 Wilson St, London.

  • What is Paddle's latest funding round?

    Paddle's latest funding round is Debt.

  • How much did Paddle raise?

    Paddle raised a total of $292.76M.

  • Who are the investors of Paddle?

    Investors of Paddle include Kindred Capital, Notion Capital, FTV Capital, 83North, KKR and 7 more.

  • Who are Paddle's competitors?

    Competitors of Paddle include Chargify and 4 more.

Compare Paddle to Competitors

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ChargeBee Technologies

ChargeBee offers a subscription management and recurring billing platform that delivers a ready plug-and-play billing solution on the cloud. Chargebee integrates with payment gateways around the world to let users automate recurring payment collection along with invoicing, taxes, accounting, email notifications, SaaS metrics and customer management.

Stripe Logo
Stripe

Stripe is a financial technology company that builds economic infrastructure for the internet. The company offers an online-based, payment processing platform that gives online merchants the ability to securely accept credit card payments through the use of custom-built forms. Stripe's software and APIs allow user's to accept payments, send payouts and manage businesses online. The company serves clients globally with a use case for SaaS, platforms, marketplaces, eCommerce, creater economy, crypto and embedded finance. It was founded in 2010 and is based in San Francisco, California.Per media sources, Stripe did nearly $12B in gross revenue and $2.5B in net revenue in 2021. It is reported to be generating hundreds of millions in EBITDA.

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OneBill

OneBill provides recurring billing & subscription management software with all the tools for grows a business. It is based in Santa Clara, California.

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Aria Systems

Aria Systems provides a cloud-based, billing and monetization platform to enterprises to test and iterate on pricing on a wide variety of monetization models, maximize customer value and grow recurring revenue through subscription- and usage-based offerings.

Recurly Logo
Recurly

Recurly provides recurring billing management for subscription-based SaaS, media, mobile, productivity, and publishing businesses. The company develops a platform for subscription plan management, recurring billing, recurring payments, intelligent retention, and subscription analytics. It caters to industries such as media & entertainment, consumer goods and retail, e-learning, and professional services. The company was founded in 2009 and is based in San Francisco, California.

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CheddarGetter

GetCheddar, dba CheddarGetter, is a billing engine and recurring subscription management system for web commerce.

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