Stripe Acquires 13-Person Lemon Squeezy, Expands MoR Capabilities

Jul 26, 2024, 06:57 PM

Payments giant Stripe has acquired 13-person competing startup Lemon Squeezy, known for its merchant of record (MoR) product, in a significant move within the payments industry. The acquisition, which took place just three years after Lemon Squeezy's inception, is expected to enhance Stripe's capabilities in the B2C sector. Stripe executives have expressed excitement about integrating Lemon Squeezy's MoR product to help more businesses launch and grow. The acquisition has sparked curiosity about the potential impact on existing Lemon Squeezy users and the broader market dynamics.