Lemonway acquires PayGreen to boost ecommerce payments

Lemonway has acquired French ecommerce payments firm PayGreen to expand its presence beyond marketplaces and into broader ecommerce. PayGreen’s 11-person team will form Lemonway’s new ecommerce department, helping the company serve over 400 platforms across 20 countries. The deal brings PayGreen’s EUR 726 million in processed payments and will help Lemonway reach EBITDA break-even. The acquisition strengthens Lemonway’s European position and enhances PayGreen’s infrastructure and cross-border capabilities as both companies aim to offer a more complete payment ecosystem.