/payments

News and resources on payments systems, innovations and initiatives worldwide.

French payment processor Lemon Way raises EUR25m

Lemon Way, a Paris-based payment processor for e-commerce marketplaces, has secured a EUR25 million investment from Toscafund Asset Management.

  6 Be the first to comment

French payment processor Lemon Way raises EUR25m

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Founded in 2007, Lemon Way has built up strong presence in the fast-growing sector of marketplaces, crowdfunding platforms and e-commerce websites that require payment processing, wallet management and third party payment services in a KYC/AML-regulated framework.

The firm provides an all-in-one platform of modular and propriety API-based services from on-boarding to cash pay-out flows. It now works with more than 1400 European marketplaces and last year handled total business volume of EUR1.9 billion in flows.

The latest funding will be used to develop more products and strengthen the firm's presence in the UK and Germany.

"The investment provides us with substantial additional resources, allowing us to bring the company to the next level,” says Antoine Orsini, CEO, Lemon Way.

Sponsored [New Event Report] AI’s Role in the US Financial Services Sector: Balancing Innovation and Compliance

Related Company

Keywords

Comments: (0)

[Webinar] The ISO 20022 for CBPR+ deadline is looming: Are financial organisations prepared?Finextra Promoted[Webinar] The ISO 20022 for CBPR+ deadline is looming: Are financial organisations prepared?