Latest news with #Lemonway
Yahoo
5 hours ago
- Business
- Yahoo
Lemonway buys e-commerce payments firm PayGreen
French payment institution Lemonway has acquired compatriot PayGreen, an e-commerce payment solutions provider, for an undisclosed sum. The acquisition is aimed at expanding Lemonway's services in the e-commerce space, complementing its current focus on marketplaces and third-party payment processing. Set up in 2016, PayGreen has carved out a niche in the restaurant, tourism, and leisure sectors. The Rouen-based firm offers payment solutions, including the acceptance of meal vouchers and holiday cheques. It also provides tools for online carbon emission calculation and a "round-up" feature that allows customers to donate to charitable projects or offset carbon emissions with each transaction. PayGreen's 11 employees, which includes its three co-founders, will join Lemonway to form its new e-commerce department. With Lemonway's status as an ACPR-regulated payment institution, it will also take on the role of PayGreen's payment service provider (PSP), facilitating the company's access to the broader European market. PayGreen CEO and co-founder Etienne Beaugrand said: '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.' The transaction brings to Lemonway a transaction volume of €20m, with €726m generated in payments since its inception, along with a business that is 'EBITDA break-even'. Lemonway founder and CEO Antoine Orsini stated: '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.' Lemonway currently operates across approximately 20 countries, serving over 400 platforms. "Lemonway buys e-commerce payments firm PayGreen " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Finextra
10 hours ago
- Business
- Finextra
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'.
FF News
10 hours ago
- Business
- FF News
Lemonway Acquires PayGreen's Business
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. 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. 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'. As a reminder, Lemonway ranked first in the financial services sector in Les Echos' 2024 ranking, with an average revenue growth of +63% from 2020 to 2023. Companies In This Post Lemonway
