Lemonway acquires PayGreen
Lemonway, the pan-European payment institution dedicated to marketplaces and crowdfunding platforms, announces the acquisition of PayGreen's business, a French specialist in e-commerce payments.
0
Founded in 2016, PayGreen has established itself in the restaurant, tourism, and leisure sectors. The Rouen-based company offers payment solutions including meal vouchers and holiday cheques, as well as tools for calculating the carbon emissions of online orders and a 'round-up' system that allows each transaction to support charitable projects or offset carbon emissions.
Synergies to Dominate the European Payment Market
This acquisition enables Lemonway to extend its expertise to e-commerce sites, complementing its historically marketplace-focused offering and third-party account payment solutions. The team of 11 employees, including PayGreen's three co-founders, will now form Lemonway's e-commerce department.
As a payment institution regulated by the ACPR, Lemonway will also become PayGreen's Payment Service Provider (PSP), opening the doors to the European market where Lemonway already serves over 400 platforms in about 20 countries.
'This acquisition fits perfectly with our trajectory and ambition to become a key payment player in Europe. PayGreen's e-commerce positioning is highly complementary to ours. The combination of the two businesses will greatly enhance our customer offering,' explains Antoine Orsini, CEO and founder of Lemonway.
Immediate Financial Impact and Promising Prospects
This transaction immediately brings Lemonway:
•
A transaction volume of 20 million, generating €726 million in payments since the company's creation, with an average basket of €36.3.
•
A business that is EBITDA break-even.
A Sovereign Payment Player
'This acquisition by Lemonway is a tremendous opportunity for us to accelerate our development at the European level. It was essential for us to join a French player sharing our values to build together a sovereign European payment champion. Our clients will now benefit from a more robust infrastructure and complementary expertise, giving them access to a complete payment ecosystem,' says Etienne Beaugrand, CEO and co-founder of PayGreen.
A vision shared by Damien Guermonprez, Executive Chairman of Lemonway: 'In a technology-driven sector, our real strength lies in our teams' commitment and the quality of our customer support. With PayGreen joining us, we strengthen our ability to offer tailored and close support, making Lemonway the trusted partner for e-merchants and marketplaces in Europe'.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Telegraph
23 minutes ago
- Telegraph
Nottingham Forest write to Uefa over Crystal Palace Europa League concerns
Nottingham Forest have written to Uefa to express their concerns about Crystal Palace qualifying for the Europa League with a decision expected by the end of this month as to whether they should be expelled. There have been suggestions that Brighton & Hove Albion, who would enter the Conference League in place of Forest if they are therefore promoted, have also complained to European football's governing body. But Telegraph Sport understands this is not the case. Uefa are set to inform Palace whether they are in breach of their multi-club ownership rules by June 30 – although the matter may then be taken to the Court of Arbitration for Sport which would delay a final verdict. The FA Cup winners met Uefa officials last Tuesday in a two-hour meeting in an attempt to avoid being barred from European competition because John Textor, the American businessman who has a 43 per cent stake in the club, also owns French club Lyon, who have also qualified for the Europa League. Palace insist there are no sharing of information or staff or facilities with the French side. The club argue that despite Textor's shareholding he has no say in the day-to-day running and has just 25 per cent of voting rights. Indeed Textor has previously spoken about his annoyance at the lack of say he has at Palace and has been trying to sell his shares. Textor reiterated this after last week's meeting in Nyon. However, Forest have now written a letter to Uefa expressing their position and asking for clarification over whether Palace will be involved. However, in a further complication, Palace's Europa League place could also depend on whether Uefa decides to allow Lyon to take part in the competition next season. Uefa's Club Financial Control Body (CFCB) disqualified Lyon from European competitions in December but allowed them to continue after the club met certain demands. However, Lyon are being 'carefully monitored' by the CFCB and if they are deemed to be in breach of a settlement agreement they could be disqualified from next season's Europa League in any case which would automatically earn Palace a reprieve. On the other hand Lyon's involvement, if Palace are thrown out, will heighten the likelihood of the latter turning to CAS. At the same time Forest could also turn to the Swiss-based adjudicators if they are not satisfied with Uefa's decision. It, therefore, appears to be a legal minefield. Palace may well have fallen foul of Uefa's rules because clubs have to establish separate ownership structures before March 1 if they hoped to play in the same competition in the following season. Matters are further complicated because one option for Uefa to consider is to demote Palace to the Conference League as a form of punishment. That is believed to be unlikely, however, as it may lead to further appeals. Palace have strongly refuted any wrongdoing and have attempted to comply with Uefa's rules as quickly as possible having won the first trophy in their history. Evangelos Marinakis, the Forest owner, who also owns Greek club Olympiacos, diluted his stake by placing his shares in a blind trust to ensure there was no conflict when it appeared they would qualify for the Champions League.
Auto Blog
an hour ago
- Auto Blog
Volkswagen Rethinks EV Future With A New Twist
The German automaker has delayed its Scalable Systems Platform for a good reason, and now we know why. Why All-New Scalable Systems Platform Was Delayed Volkswagen is in the middle of a turnaround strategy that will put the German brand back on track. Its grand plan was revealed earlier this year, with nine new models to be launched in the next few years. The all-new Scalable Systems Platform (SSP)is part of this movement, though various issues have plagued its rollout, including software issues related to Cariad. Now, VW has revealed an update about the SSP, and it's a major one that involves internal combustion engines. 0:04 / 0:09 Audi A5 replaces A4: So, what's changed? Watch More After years of touting the SSP as its clean-sheet EV architecture, the German auto giant has revealed that SSP will also support internal combustion engines, though not in the traditional sense. Instead, VW is pivoting toward range-extending gas engines that generate electricity to charge batteries, not drive the wheels. Impact On Future Models While VW may tout this as an evolution of the SSP architecture, the incorporation of a range-extender engine is more like a safety net for the brand. At this point, several automakers have already backpedaled from their all-EV push due to waning demand for BEVs. VW is one of them, and this is the company's solution. The SSP architecture will still be fully electric at heart, but it will also accommodate range extenders. These are internal combustion engines used solely to generate power for the battery, with no mechanical link to the wheels. Nissan's e-Power, which is reportedly reaching the US market, operates on the same principle as VW's SSP. The defunct Mazda MX-30 also got a similar upgrade with a rotary range extender, while VW Group's own Scout brand is also launching in the market with the same technology. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Next VW Golf Will Use SSP Architecture One of SSP's headline vehicles will be the ninth-generation VW Golf, which will be fully electric and will coexist with the current Mk8 Golf for several years. It's unclear whether there will be a range-extended version of the Golf, but we expect the model to arrive by 2029, so there is an allowance for adjustments to VW's plan. In China, the world's biggest automotive market, Volkswagen already previewed the ID. Era concept, which features a gasoline-powered range extender. Of note, EV demand in China is also dropping, with range-extended EVs and plug-in hybrid gaining popularity. Despite the expanded capabilities, VW doesn't expect this range-extended EV strategy to take hold everywhere. According to VW CEO Thomas Schäfer, Europe is unlikely to see SSP-based range extender models where plug-in hybrids remain the more viable option. Source: Volkswagen About the Author Jacob Oliva View Profile
Auto Blog
an hour ago
- Auto Blog
Here's What Lucid's Future Models Will Be Called
Trademarks Hint At Affordable EVs to Rival Tesla Several new trademarks have revealed the possible names for Lucid's next models, as the company looks to expand its lineup beyond the full-size Air sedan and Gravity three-row SUV. Considering Lucid already occupies these segments, these future models should hopefully be more affordable, giving the brand higher-volume alternatives to the Tesla Model 3 and Tesla Model Y. The brand has, after all, already teased a midsize SUV and confirmed a Model Y competitor. Here's a look at all the latest Lucid trademarks. Source: Lucid Lucid Earth Dream Edition The Lucid Earth trademark already popped up a few weeks ago, and it has since been confirmed that this will be a new smaller EV. It's set to go into production in 2026, when it should compete head-on with the Tesla Model Y. The newest trademark is for an Earth Dream Edition, filed with the European Union Intellectual Property Office, adding further confirmation that this is a new Lucid production model. The brand's Dream Edition EVs are typically sold for a limited time after a new car is launched. They offer the best outputs and features, and also carry the highest prices. A price of under $50,000 and a class-leading range are expected for this model, but the Dream Edition could cost more than this. Lucid Ocean Another trademark, this time filed with the Government of Canada, is for the Lucid Ocean. If that name sounds familiar, you may be thinking of the Fisker Ocean SUV. However, Fisker's recent bankruptcy presumably means that the 'Ocean' name is back up for grabs, and since it fits in thematically with other Lucid model names, it's a logical choice. It's not known what vehicle the Ocean name could apply to, but a smaller sedan to slot in below the Air sounds like a logical move. It would give the brand a true BMW i5 and Mercedes-Benz EQE rival, leaving the Air to do battle with the i7 and EQS. Lucid Air Pure — Source: Lucid Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Lucid Space The last time 'Lucid Space' was mentioned, it was by former Lucid CEO, Peter Rawlinson. However, he was specifically referring to the Lucid Space Concept, which doesn't refer to a particular model, but references one of the brand's philosophies. Rawlinson was explaining how Lucid cars free up an amount of interior space beyond the physical footprint of a given vehicle. Once again, though, 'Space' fits in well with other Lucid names like Gravity and Air, referencing the elements and/or the natural environment. Last year, Lucid ruled out a station wagon, but was open to the idea of a more rugged vehicle. Given the brand's luxury focus, a classy coupe doesn't seem out of the question, but electric coupes are exceedingly rare. The word 'Space' sounds applicable to something larger, but the Air and Gravity are already full-size models, so it's anyone's guess what this model could be. Source: Lucid Final Thoughts While Lucid has not yet come close to toppling Tesla, it's doing what a lot of other EV startups couldn't: surviving. And, with only two high-end models on sale presently, the potential for growth is enormous if the brand launches two or more models that are more accessible. The Earth is the only one that looks like a guarantee, but we can't wait to see the possibilities of the Ocean and Space nameplates. About the Author Karl Furlong View Profile
