“Paris-Based Platform Lago Secures $22M in Funding for Open Source Billing”
Lago, developer of an open-source billing platform, has picked up the funding across two rounds of funding it’s revealing to coincide with its official launch.
The Lago doing business today as a billing platform got its start in a very classical startup way: it had no idea that it would be a billing platform.
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?)
So it’s an it’s still an unsolved problem.” In Lago’s view, offering open source tools is that best solution to meet a variety of needs and ideas.
For some of those users, the open source ethos also lines up with what they are hoping to espouse themselves as businesses.
