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Lago, a Paris-based open source billing platform, banks $22M


A startup out of Paris that began life building marketing tools has raised $22 million after making a successful pivot into billing -- a space it

A startup out of Paris that began life building marketing tools has raised $22 million after making a successful pivot into billing — a space it discovered was even more broken among potential customers. They include MongoDB monetization head Meghan Gill; Romain Huet (previously Stripe, now developer relations at OpenAI; and Hugging Face CEO Clément Delangue. There are even a number of providers already pursuing an open-source approach, including FossBilling, ChargeBee, Kill Bill, AppDirect’s jBilling and the imaginatively named “Open Source Billing.” (Why beat around the bush?)

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