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French payment processor Lemon Way raises EUR25m

Lemon Way - Fintech Zoom
Lemon Way - Fintech Zoom

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

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.

Thanks to this new fundraising round, we will continue to develop our products with new payment features aligned with your needs and the requirements of your business.
Already well-established in France, Italy and Spain, we will keep on growing to increase our footprint in the United Kingdom, Germany and The Netherlands.

 

Our Payment Institution accreditation allows us to operate anywhere in Europe, and it is our ambition to offer a solution perfectly adapted to the payment methods used in each of the European countries.
Already 10 major banks are already partening with Lemon Way, and we will continue to develop these bonds with new banking partners to enrich our offer and to provide you with a fully packaged value proposition while complying with local regulations and specificities.

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Mia Turner

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