London fintech Paddle snaps up US firm ProfitWell for $200m

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London fintech Paddle has struck a $200m deal to buy US firm ProfitWell today in its first acquisition since being founded ten years ago.

Paddle, founded in 2012 by then 18-year-old Christian Owens, bagged a $200m funding round earlier this month led by private equity powerhouse KKR, which it said it was now channelling into expanding its payment services for software-as-a-service (SaaS) firms.





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