Stripe has acquired Lemon Squeezy – the company’s strong technology will help improve payment solutions and simplify the sales process. This partnership combines innovation and customer experience to create a better customer experience.
The merger is primarily motivated by improving the customer experience by providing payment solutions on a global level.
In a post on X, Stripe CEO Patrick Collison announced the acquisition, saying, “Welcome @lmsqueezy! We’re going to scale merchant of record selling in a big way.” And Chief Product Officer Will Gaybrick shared in his own post: “When asked “what should Stripe ship next?” many of you’ve said merchant of record. The Lemon Squeezy team has built an excellent MoR product, and we’re excited to work together with them to help more of you launch to grow!”
In a blog post, Lemon Squeezy co-founder and CEO JR Farr noted that since his 13-person company’s public launch in 2021, that it received “many acquisition offers and (Series A) term sheets from investors.” In one podcast, Farr specifically discussed turning down a $50 million Series A term sheet. (It’s not clear how much, if any, venture funding the startup has raised.)
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