Stripe acquires payment processing startup Lemon Squeezy
Stripe has acquired Lemon Squeezy, a company that manages global sales tax and legal processing for SaaS and software businesses.
MAIN POINTS
- Stripe acquired Lemon Squeezy, a four-year-old competitor.
- Lemon Squeezy handles global sales tax and legal processing.
- It primarily serves SaaS and software businesses.
TAKEAWAYS
- Terms of the acquisition deal were not disclosed.
- Lemon Squeezy is known as a “merchant of record.”
- The acquisition enhances Stripe's capabilities in managing global sales tax.