Paddle, a billing and payment gateway for B2B SaaS companies, is on its way to making its first acquisition by paying more than $200 million in cash and stock to acquire ProfitWell in order to expand its payments service. Earlier this month, Paddle secured $200 million from investors led by KKR at a $1.4 billion valuation. Paddle focuses on creating money management tools for software firms, such as checkout and subscription management.
KKR-Backed UK Startup Paddle Strikes $200 Million Deal – Bloomberg
