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.