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Evening Standard
Evening Standard
Business
Simon Hunt

London mints new tech unicorn as Paddle valued at £1.1 billion

Christian Owens London United Kingdom United States Apple

Paddle CEO Christian Owens

(Picture: Paddle)

A London payments business founded by a teenager has become the UK’s latest tech unicorn after being valued at £1.1 billion in a £162 million equity and debt funding round.

Paddle was founded in 2012 by CEO Christian Owens when he was 18. The company provides integrated payments, tax and compliance services to software businesses and has been used by over 3,000 firms.

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