The pan-European payment processor the new fundraising will enable Lemon Way to develop its products, through “modular proprietary APIs”.
Lemon Way has closed a €25m investment from Toscafund.
The transaction, which is subject to customary regulatory approvals, marks Toscafund’s first private equity investment in France.
Lemon Way, which launched in 2007, is a Paris-based regulated payments processor specialising int marketplace lending and crowdfunding platforms and e-commerce websites that require payment processing, wallet management and third-party payment services in a KYC/AML-regulated framework.
The firm says the new fundraising will enable Lemon Way to develop its products, through “modular proprietary APIs”.
It currently operates in 12 European countries, including France, Italy and Spain, and will strengthen its presence in the United Kingdom and Germany to become one of Europe’s leading payment institutions for marketplaces.
"The investment provides us with substantial additional resources, allowing us to bring the company to the next level,” says Antoine Orsini, CEO and co-founder of Lemon Way.
“Lemon Way's target market is booming: B2C, B2B and financial online marketplaces are emerging all over Europe and are expected to continue their strong growth trajectory,” adds George Koulouris, Partner at Toscafund.