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Lago

Open-source API-first billing platform for SaaS

Overview

Lago is an open-source, API-first billing platform for SaaS companies that need flexible pricing. It handles usage-based, subscription-based, and hybrid pricing with real-time usage metering, automated invoicing, and revenue analytics, scalable up to 15,000 events per second. It can be self-hosted for transparency or used as a cloud service and integrates with Stripe, Salesforce, NetSuite, and more. Lago targets high-scale use cases in AI and IoT and aims to give businesses a transparent, controllable billing infrastructure that grows with their pricing needs.

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About Lago

Simplify's Rating
Why Lago is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareFintechFinancial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$22.3M

Headquarters

Paris, France

Founded

2021

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What believers are saying

  • PayPal and Mistral publicly use Lago in 2026, validating enterprise-grade adoption.
  • October 2026 product updates show stronger scaling, SSO, and finance workflows.
  • Lago still stays independent while rivals got acquired, preserving buyer optionality.

What critics are saying

  • Stripe bought Metronome in January 2026; Adyen bought Orb on July 1, 2026.
  • AGPLv3 complicates embedding modified Lago inside customer products and reseller channels.
  • If PayPal or Mistral switch, Lago loses marquee proof and enterprise trust fast.

What makes Lago unique

  • Lago’s AGPLv3 open source and self-hosting protect billing data sovereignty.
  • Lago Embedded, launched March 12, 2026, lets platforms white-label billing quickly.
  • Lago’s October 2026 roadmap adds AI agents, revenue recognition, and localized e-invoicing.

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Funding

Total Funding

$22.3M

Below

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
$15M
$15M
$30M

Benefits

  • Remote Work Options
  • Stock Options

Growth & Insights and Company News

6 month growth

3%

1 year growth

3%

2 year growth

4%
ExploreBit
Mar 18th, 2024
Lago Raises USD 15M Series A Funding

Lago raises USD 15M Series A funding.

Brown Brothers Media
Mar 15th, 2024
Y-Combinator backed French firm Lago bags €20M to build Stripe Billing alternative: Know more

Paris-based Lago, an open-source metering & usage-based billing platform, announced that it has secured $22M (approximately €20M) in a fresh round of funding led by FirstMark.

TechCrunch
Mar 14th, 2024
Lago, a Paris-based open source billing platform, banks $22M | TechCrunch

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

Tech.eu
Apr 19th, 2023
These Are The Fastest-Growing Open-Source Startups In Europe In Q1 2023

Extracted from Runa Capital’s ROSS Index, a quarterly analysis of the top open-source startups ranked by the annualised growth rate (AGR) of GitHub stars at their repositories and based on Github stars growth of their repositories, these are the top 10 fastest-growing open-source startups in Europe in Q1 2023.1. Sismo - A Paris-based software development startup that issues ZK badges for reputation aggregation and privacy-preserving access control and enables users to aggregate their digital identities and selectively reveal data derived from their web2 or web3 accounts.2. Nebuly - This Turin-based startup promises to help others “unleash the power of optimization and make your AI systems thrive with performance”.3. Massa Labs - Another Parisian startup, Massa Labs is working on a cryptocurrency ecosystem designed for mass adoption and using Blockclique architecture to withstand thousands of transactions per second, while staying secure and fully decentralised.4. Lago - This Paris-founded startup is backed by Y Combinator and working on an “open source billing API for product-led SaaS”.5. Qdrant - Based in Berlin, Qdrant is a vector similarity search engine and vector database

Lago
Aug 29th, 2022
Getlago partners with Stripe, Inc.

Getlago partner with Stripe Payments and love their products.

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