Lago, Open-Source Stripe Alternative, banks $22M in funding
Submitted 1 year ago by bot@lemmy.smeargle.fans [bot] to hackernews@lemmy.smeargle.fans
https://techcrunch.com/2024/03/14/lago-a-paris-based-open-source-billing-platform-banks-22m/
autotldr@lemmings.world [bot] 1 year ago
This is the best summary I could come up with:
A startup out of Paris that began life building marketing tools has raised $22 million after making a successful pivot into billing — a space it discovered was even more broken among potential customers.
It’s launching today, but it has been in business in closed beta for some time, during which it’s picked up a number of notable startups such as Mistral.ai, Together.ai and Juni as early customers.
They include MongoDB monetization head Meghan Gill; Romain Huet (previously of Stripe, now in developer relations at OpenAI); and Hugging Face CEO Clément Delangue.
In a moment of trying to growth hack their way into an audience, Sarkissian decided to write a post for Hacker News in which he lamented the problems with billing for developers.
The impetus for posting on this was to pick something they knew well so that they could monitor engagement and possibly use that to pivot attention to Lago, the “Zapier for marketing teams.”
One obvious area is to dip back into Lago’s original thoughts about marketing, and to provide more data analytics to customers about what people are consuming and paying for, and the patterns of their payments.
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