Here is a fun way to do it.
Lemma 1: $\frac{d}{dt} e^{tX} = X e^{tX}$.
This is a slightly annoying calculation with the definition of the exponential you've chosen (it's cleaner to take the above as the definition) since we need to exchange a derivative and an infinite sum, but not so bad.
Lemma 2: If two matrices $X, Y$ commute, then $X$ and $e^{tY}$ also commute.
This can be done directly using the power series definition, or indirectly by arguing that $F(t) = Xe^{tY} - e^{tY}X$ has derivative $0$ so must be a constant, and since $F(0) = 0$ it must be identically zero.
Lemma 3: $e^{-tA} = (e^{tA})^{-1}$.
This is done by using Lemma 1 to calculate
$$\begin{align} \frac{d}{dt} e^{tA} e^{-tA} &= A e^{tA} e^{-tA} - e^{tA} A e^{-tA} \\
&= A e^{tA} e^{-tA} - A e^{tA} e^{-tA} \\
&= 0 \end{align}$$
where in the second line we use that $A$ commutes with $e^{tA}$, by Lemma 2. So $e^{tA} e^{-tA}$ must be a constant. Since it's equal to $1$ when $t = 0$, it must be equal to $1$ identically. This gives $e^{tA} e^{-tA} = 1$ as desired.
Now we can prove the desired result with another derivative calculation using Lemma 1, namely
$$\begin{align} \frac{d}{dt} e^{t(A+B)} e^{-tB} e^{-tA} &= (A + B) e^{t(A+B)} e^{-tB} e^{-tA} - e^{t(A+B)} B e^{-tB} e^{-tA} - e^{t(A+B)} e^{-tB} A e^{-tA} \\
&= (A + B) e^{t(A+B)} e^{-tB} e^{-tA} - B e^{t(A+B)} e^{-tB} e^{-tA} - A e^{t(A+B)} e^{-tB} e^{-tA} \\
&= 0\end{align}$$
where in the second line we used that $B$ commutes with $e^{t(A+B)}$ and $A$ commutes with $e^{-tB}$ and $e^{t(A+B)}$, again by Lemma 2. It follows as before that $e^{t(A+B)} e^{-tB} e^{-tA}$ is equal to $1$ when $t = 0$ so must be equal to $1$ identically. This gives
$$e^{t(A+B)} e^{-tB} e^{-tA} = 1$$
and applying Lemma 3 twice gives $e^{t(A+B)} = e^{tA} e^{tB}$ as desired.
It is completely unnecessary to mess around with power series in this approach, or rather you only need to mess around with power series long enough to establish the key facts about $e^{tX}$ in terms of derivatives, and then the rest of the argument is just some nice derivative calculations. These even work in the $1$-dimensional case and can be used to prove the basic properties of the exponential there too, as well as over the complex numbers.