Lemon Squeezy
A merchant-of-record payments and billing platform for software and digital product companies, now owned by Stripe.
- fintech / payments infrastructure
- acquired
- Founded 2020
- Researched Sep 2026
The story
Lemon Squeezy was built by three long-time friends and prior indie software founders, JR Farr, Gilbert Pellegrom and Orman Clark, who launched it publicly in 2021 as an easy way for SaaS and digital creators to sell globally while it acts as merchant of record. The bootstrapped team turned down a reported $50 million Series A before Stripe acquired it in July 2024 to add merchant-of-record capability to its own platform. It continues to operate as a Stripe-owned product, with its legal entity now named Sold through Link, LLC.
Timeline
Lemon Squeezy founded
Founded by JR Farr, Gilbert Pellegrom and Orman Clark in Salt Lake City.
Public launch
Company publicly launched its merchant-of-record platform.
Turned down $50M Series A
Rejected a Series A term sheet reported near $50M valuation to stay independent.
Acquired by Stripe
Stripe acquired the 13-person company to add merchant-of-record capability.
Stripe Managed Payments update
Company posted update on integration into Stripe's Managed Payments.
Founders
JR Farr
CEO / co-founder
Prior GM/VP at Endurance Intl (Constant Contact, Bluehost); co-founded MOJO Marketplace.
Gilbert Pellegrom
CTO / co-founder
Engineer, previously built SpinupWP, Dunked, Dev7studios (acquired); made Nivo Slider.
Orman Clark
CDO / co-founder
Product designer, previously founded Dunked and ThemeZilla (acquired).
9 sourcesEvery fact above links back to these.
- RDAP domain registration record
- Stripe acquires payment processing startup Lemon Squeezy - TechCrunchtechcrunch.com
- About - Lemon Squeezylemonsqueezy.com
- Lemon Squeezy vs. Paddle - Fungies.iofungies.io
- Stripe Acquires Lemon Squeezy for Undisclosed Amount - Finovatefinovate.com
- Turning down a Series A term sheet ($50m+ valuation) - Lemon Squeezylemonsqueezy.com
- Lemon Squeezy - LinkedInlinkedin.com
- Lemon Squeezy Revenue: The $1M It Hit Before Selling to Stripe - OperatorBookoperatorbook.dev
- Stripe buys software rival Lemon Squeezy - Payments Divepaymentsdive.com