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

London fintech Paddle has struck a $200m deal to shop for US company ProfitWell these days in its first acquisition since being based ten years in the past.

Paddle, based in 2012 by means of then 18-year-old Christian Owens, bagged a $200m investment spherical previous this month led by means of personal fairness powerhouse KKR, which it mentioned it was once now channelling into increasing its cost services and products for software-as-a-service (SaaS) corporations.

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