Latest news with #CIBCInnovationBanking
Finextra
2 days ago
- 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.
National Post
18-06-2025
- Business
- National Post
CIBC Innovation Banking Provides Growth Financing to Carefull to Accelerate Expansion
Article content SAN FRANCISCO — CIBC Innovation Banking is pleased to announce a growth capital financing to Carefull, a leading financial safety platform focused on protecting aging adults from financial fraud and exploitation. This financing will further accelerate the company's expansion, bringing its innovative financial protection solution to more families, financial institutions, and wealth managers. Article content Carefull's AI-powered platform was designed in direct response to the growing threat of financial fraud targeting aging adults. Carefull recognizes suspicious behaviors, from romance scams and fake charities to unusual transactions, money mistakes, and early warning signs of cognitive decline. By proactively scanning financial activity, Carefull provides real-time alerts and expert-driven educational resources that help prevent small issues from becoming devastating financial losses. Article content 'We are excited to work with CIBC Innovation Banking as we continue developing innovative solutions to meet the growing needs of aging adults and financial caregivers,' said Todd Rovak, Co-Founder of Carefull. 'Having access to additional funding allows us to deepen our impact and extend our reach, ensuring more older adults and their loved ones are protected from financial risks.' Article content This opportunity for funding comes as Carefull continues its strong growth trajectory, expanding its partnerships across the financial services industry with banks, credit unions, and wealth advisors. By seamlessly integrating its protections into the financial ecosystem, Carefull not only protects older adults but also empowers financial institutions to enhance client trust, deliver differentiated experiences, and deepen multi-generational relationships. Article content 'Carefull's mission to help families and loved ones avoid financial missteps is deeply aligned with what CIBC Innovation Banking values in the companies we work with,' said Brittany Blanco, Director, CIBC Innovation Banking. 'We are thrilled to provide financing support to help the company accelerate delivery to more individuals.' Article content About CIBC Innovation Banking Article content CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. About Carefull Carefull is the first financial safety platform designed to protect aging adults and their families from elder fraud, scams, and money mistakes. Built to support the unique needs of older adults, Carefull's proprietary AI provides 24/7 account monitoring, a suite of identity and home protections, along with expert resources to help families, advisors and financial institutions safeguard families' financial well-being. FIs and wealth advisors use Carefull to deepen relationships across generations, provide proactive protection, and enhance trust with clients navigating both aging and financial caregiving for older adults. Recognized for its innovation in financial safety, Carefull partners with leading institutions to put financial care into financial services. Learn more at Article content Article content Article content Article content Article content Contacts Article content Media Contacts Article content Article content CIBC: Katarina Milicevic, Article content Article content
National Post
17-06-2025
- Automotive
- National Post
CIBC Innovation Banking Provides Growth Capital Financing to Work Truck Solutions
Article content TORONTO — CIBC Innovation Banking announced today that it has provided growth financing to support Work Truck Solutions, a leading provider of software solutions for the commercial vehicle industry. Article content Work Truck Solutions helps dealerships, original equipment manufacturers, upfitters and distributors optimize their operations through a cloud-native platform that enhances the buying, selling, and maintenance of commercial vehicles. The innovative approach of Work Truck Solutions enables users to streamline processes and leverage data-driven insights to improve customer engagement and operational efficiency. Article content 'We are thrilled by the opportunities ahead in the commercial vehicle industry and remain steadfast in our commitment to supporting our customers as they navigate the complexities of today's supply chain,' said Aaron Johnson, Chief Executive Officer, Work Truck Solutions. 'In line with our commitment, this collaboration with CIBC Innovation Banking underscores our dedication to innovation and growth, providing us with the resources needed to further develop our SaaS platform and expand our market presence.' Article content 'The team at Work Truck Solutions has successfully developed a platform that plays a vital role in the commercial vehicle supply chain, significantly impacting a large and dynamic industry,' said Youssef Kabbani, Managing Director, CIBC Innovation Banking. Article content 'We are delighted to support such a distinguished team at Work Truck Solutions, alongside Rubicon Technology Partners, as they embark on the next phase of growth and continue to expand their innovative platform,' added Niramay, Executive Director, CIBC Innovation Banking. Article content CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. Article content About Work Truck Solutions Article content Work Truck Solutions provides a smart technology platform that enables all stakeholders in the commercial vehicle ecosystem – dealers, OEMs, upfitters, and distributors – to efficiently serve the businesses and fleet managers who need work trucks and vans. With innovative solutions covering numerous areas such as one-stop inventory management, operational analytics, and digital marketing, Work Truck Solutions helps those in the commercial vehicle space, no matter their role in the supply chain, increasing visibility and efficiency so businesses can focus on doing their jobs. To learn more about Work Truck Solutions, please visit About Rubicon Technology Partners Rubicon Technology Partners is a middle-market private equity firm that invests in enterprise software companies with innovative products and talented management teams to help grow and scale their businesses. Rubicon has over $4 billion in assets under management and is headquartered in Boulder, Colorado with additional offices in New Haven, Connecticut and San Mateo, California. To learn more about Rubicon, please visit Article content Article content Article content Article content Article content Article content
Yahoo
05-06-2025
- Business
- Yahoo
CIBC Innovation Banking Provides Funding to CyberQP
VANCOUVER, British Columbia, June 05, 2025--(BUSINESS WIRE)--CIBC Innovation Banking announced today that it has provided funding to CyberQP, a leading provider of Zero Trust Helpdesk Security solutions. The support comes as CyberQP scales its operations globally and accelerates its mission to transform how IT teams secure access and streamline operational workflows. CyberQP's platform helps organizations secure technician and end-user access, reduce cyber risk, and improve helpdesk efficiency through a unified Zero Trust approach. Founded in 2019, CyberQP is a rapidly growing venture-backed Software as a Service (SaaS) provider of Helpdesk Security Automation and Privileged Access Management (PAM) solutions. Originally designed for Managed Service Providers (MSPs), CyberQP's solutions are widely used by internal IT teams across industries to strengthen access controls, reduce operational friction, and meet compliance requirements. "With CIBC Innovation Banking's continued support, we're accelerating our mission to simplify helpdesk operations and elevate security standards for IT teams worldwide," said Mateo Barraza, CEO and Co-Founder of CyberQP. "This relationship has been instrumental in helping us scale innovation and deliver greater value to our customers. This latest round of financing amplifies that impact." "We're proud to support CyberQP as it continues to enhance its platform and broaden its global impact," said Joe Timlin, Managing Director, CIBC Innovation Banking. "Its purpose-built approach to PAM addresses a critical and growing need across IT teams, positioning CyberQP strongly for continued success." About CIBC Innovation BankingCIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. About CyberQPCyberQP redefines Zero Trust Helpdesk Security with leading-edge Privileged Access Management (PAM) and End-User Access Management (EUAM) solutions. The platform enables secure elevated access for both technicians and end users, along with robust self-serve and identity verification capabilities. Backed by SOC 2 Type 2 certification, CyberQP empowers IT professionals to eliminate identity and privileged access security risks, enforce compliance, and enhance operational efficiency. The mission is simple: "Empowering Access, Redefining Privilege" for help desks around the globe. Learn more at View source version on Contacts Katarina Milicevic, 416-362-3458 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
05-06-2025
- Business
- National Post
CIBC Innovation Banking Provides Funding to CyberQP
Article content VANCOUVER, British Columbia — CIBC Innovation Banking announced today that it has provided funding to CyberQP, a leading provider of Zero Trust Helpdesk Security solutions. The support comes as CyberQP scales its operations globally and accelerates its mission to transform how IT teams secure access and streamline operational workflows. Article content CyberQP's platform helps organizations secure technician and end-user access, reduce cyber risk, and improve helpdesk efficiency through a unified Zero Trust approach. Founded in 2019, CyberQP is a rapidly growing venture-backed Software as a Service (SaaS) provider of Helpdesk Security Automation and Privileged Access Management (PAM) solutions. Originally designed for Managed Service Providers (MSPs), CyberQP's solutions are widely used by internal IT teams across industries to strengthen access controls, reduce operational friction, and meet compliance requirements. Article content Article content 'With CIBC Innovation Banking's continued support, we're accelerating our mission to simplify helpdesk operations and elevate security standards for IT teams worldwide,' said Mateo Barraza, CEO and Co-Founder of CyberQP. 'This relationship has been instrumental in helping us scale innovation and deliver greater value to our customers. This latest round of financing amplifies that impact.' Article content 'We're proud to support CyberQP as it continues to enhance its platform and broaden its global impact,' said Joe Timlin, Managing Director, CIBC Innovation Banking. 'Its purpose-built approach to PAM addresses a critical and growing need across IT teams, positioning CyberQP strongly for continued success.' Article content CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. Article content CyberQP redefines Zero Trust Helpdesk Security with leading-edge Privileged Access Management (PAM) and End-User Access Management (EUAM) solutions. The platform enables secure elevated access for both technicians and end users, along with robust self-serve and identity verification capabilities. Backed by SOC 2 Type 2 certification, CyberQP empowers IT professionals to eliminate identity and privileged access security risks, enforce compliance, and enhance operational efficiency. The mission is simple: Article content Article content Article content Article content Article content
