Lemon Way operates a payments platform that offers payment processing, wallet management and third-party payments to marketplaces and crowdfunding platforms. The platform serves around 1,400 marketplaces and partners with about a dozen European banks so customers can keep relationships with their existing bank. The company expects total payment flow in 2019 to surpass €3 billion, a 60% increase from €1.9 billion the prior year. Founded in 2007, Lemon Way was bootstrapped for twelve years before taking institutional investment in 2018. The business raised a €10 million round in July 2018 and has raised €35 million to date. Plans for the new capital include bolstering sales teams in Spain and Italy, opening offices in Germany, the UK, and the Netherlands in 2020, and expanding product functionality and regulatory approvals.

Total raised

$28M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2019