Purchase the four-year-old Lemon Squeezy from payments giant Stripe. Details of the contract have not been disclosed. Lemon Squeezy collects and pays global sales tax for digital products, handling legal processing and payments as a result of each account. It primarily serves SaaS and software businesses.
While he didn't share current revenue figures, founder JR Farr announced Lemon Squeezy's results in 2021 will surpass $1 million in annual recurring revenue nine months into 2021.
The founder also said that Lemon Squeezy has been processing payments on Stripe since its inception.
This isn't Stripe's first acquisition this year. In March, the payments giant completed the "acquisition" of a four-person team from Supaglue for an undisclosed sum.