Stripe CEO Patrick Collison announced the acquisition on social media. Previously, the startup handled legal processing and collections in several countries. It primarily served software development companies.
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Payments giant Stripe has acquired payment processing startup Lemon Squeezy
“Welcome @lmsqueezy! We’re going to increase sales for record distributors on a massive scale,” Collison said.
Product Director Will Gaybrick noted that Lemon Squeezy has built a great MoR product and so working together now will help many users really grow. Techcrunch.com writes about this.
Since the company launched in 2021, it has received “multiple acquisition offers and preliminary (Series A) deals from investors,” according to management. They searched for a partner for a long time, many were rejected, but now, as JR Farr says, Stripe is what they need.
Terms of the deal have not yet been disclosed, but Lemon Squeezy’s annual recurring revenue is known to have surpassed $1 million nine months after its public launch in 2021.
We previously wrote that the Perm-based online gaming payment acceptance service Xsolla, which in 2023 transferred its legal entities in the Russian Federation under the control of an American company, acquired the player recruitment platform LF.Group.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
