KKR-backed Paddle acquires ProfitWell for $200 Million
Wed, May 25, 2022 12:45 PM

KKR-backed Paddle acquires ProfitWell for $200 Million

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KKR-Backed UK startup Paddle acquired ProfitWell for over $200 million in a mix of cash and equity deal to grow its payments service. Established in 2012, Paddle aims to develop tools for software companies to handle payments including checkout and subscription management. It recently garnered $200 million from investors led by KKR & Co Inc at a $1.4 billion valuation.

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