Stripe buys US paytech start-up Lemon Squeezy

Stripe Acquires Lemon Squeezy

Key Points:

1. Acquisition Overview:
   • Acquirer: Stripe.
   • Target: Lemon Squeezy, a US-based payments platform start-up.
   • Acquisition Date: Announced recently, exact date undisclosed.
   • Purchase Details: Financial terms were not disclosed.
2. Background on Lemon Squeezy:
   • Founded: 2020.
   • Launch: Publicly launched in 2021.
   • Services: Provides software companies with tools for automating sales tax compliance, payments, subscriptions, billing, license management, email marketing, and fraud prevention.
   • Growth: Surpassed $1 million in annual recurring revenue within nine months of launch.
   • Partnership: Had an ongoing partnership with Stripe for payments processing since inception.
3. Stripe’s Acquisition History:
   • Acquisitions: This is Stripe’s 14th acquisition since its founding in 2010.
   • Previous Acquisition: In 2022, Stripe acquired engineering analytics start-up Okay.
4. Post-Acquisition Plans:
   • Continuity: Lemon Squeezy will continue to work with Stripe to enhance its merchant of record offering and improve customer experience.
   • Customer Communication: Lemon Squeezy plans to keep customers informed as the integration process progresses.
5. Stripe’s Response:
   • No Official Statement: Stripe has not yet released details or comments on the acquisition.