UK payments startup Paddle acquires ProfitWell, which makes financial analytics tools, for $200M in cash and equity; Paddle raised $200M earlier in May (Ivan Levingston/Bloomberg)

Ivan Levingston / Bloomberg:
UK payments startup Paddle acquires ProfitWell, which makes financial analytics tools, for $200M in cash and equity; Paddle raised $200M earlier in May  —  UK startup Paddle is making its first acquisition, spending more than $200 million in a mix of cash and equity to buy ProfitWell to grow its payments service.