Paddle, a London, UK-based provider of a complete payments infrastructure for SaaS companies, raised $200m in Series D equity and debt financing at a valuation of $1.4bn.
The round, which brings the total raised to date to $293m, was led by KKR, with participation from existing investors FTV Capital, 83North, Notion Capital, Kindred Capital, and debt financing from Silicon Valley Bank.
The company plans on using the funds to expand its business reach and strengthen its platform.
Christian Owens is the CEO of Paddle, a SaaS company that provides a payments infrastructure platform for SaaS companies. It integrates checkout, payment and subscription management as well as invoicing, international taxes, and financial compliance processes.
Over 3,000 software companies use the payments infrastructure in over 200 countries.
The company has a team of 275 across offices in London and New York, with more hires expected to match its acceleration as a business.